Boddingtons’ Cream of Manchester up for £100m

Prosperity Capital Partners has appointed agents to sell its Cream of Manchester build-to-rent development at the former Boddingtons Brewery site for £100m. It has enlisted Avison Young and MTRE to secure a buyer for the 375-home scheme at Old Brewery Gardens in Manchester city centre. Buyers also have the option to acquire a further 181 flats currently allocated for market sale to switch out for BTR, bringing the total investment opportunity to £150m. The BTR portion is projecting a net initial yield of 4.65%. Cream of Manchester is located at New Bridge Street and Dutton Street opposite Manchester Arena and