£45m Salford resi completes

Legacie Developments and Nexus Residential have wrapped up the 196-apartment Merchants Wharf development in Ordsall.

Constructed by Legacie’s in-house contractor, the £45m project was backed by a £20m facility from Maslow Capital.

Legacie acquired the Merchants Wharf site, located at the junction of Ordsall Lane and Dyer Street near Salford Quays, from electrical manufacturer Selectric in August 2020.

The project includes a mix of apartments across two blocks, a gymnasium, residents lounge, cycle storage, private car park, and retail space.

International sales agency RWinvest has sold all of the units off-plan prior to completion. RWInvest, a long-time Legacie collaborator, will occupy the ground floor commercial space at Merchants Wharf.

Merchants Wharf is not the first time that Nexus and Legacie have collaborated on a project. Twelve months ago, the developers completed the 457-apartment Element – The Quarter project, three years after the developers acquired the stalled Liverpool site.

“This completion marks a major achievement for Legacie and a significant enhancement for the area,” said John Morley, chief executive of Legacie.

“Merchants Wharf is more than just a development; it’s a pivotal project that supports Manchester’s vision for modern, sustainable living and economic growth. We’re proud to contribute to the city’s transformation and look forward to the positive impact this project will have on the local community.”

Michael Gledhill, director of Nexus Residential, added: “Merchants Wharf stands as a testament of Salford’s ongoing regeneration, intricately woven into the fabric of the community.

“This development not only enhances the riverside landscape but also fosters a sense of belonging, making it a vital part of the area’s wider rejuvenation. We’re excited to contribute to a space that reflects the character and aspirations of its residents.”