The Heaton Group have ‘topped out’ their largest scheme in Preston city centre.Advertisement
The group also revealed it is nearing competition on two further acquisitions in the North West to support its next stage of growth.
The 80-year-old developer creates homes to rent, live and invest in across the North West.
Its flagship Preston scheme, Bishopgate Gardens, topped out this week, a full six months ahead of schedule – with internal works to continue.
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The new flats are conversions of former office blocks off Lancaster Road and Tithebarn Street, close to Preston Bus Station.
The 130-unit development is the Heaton Group’s fourth scheme in the city and will be Preston’s first amenity-focused residence, with roof gardens, community lounges and independent retailers all within the development, to encourage a more sociable way of living.
Designed for the future of modern living and working from home, the development has super-fast fibre speeds of up to 250mb.
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The Heaton Group retains a minimum of 10 per cent of all of its developments, which enhances its growing portfolio both in capital value and rental income.
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Managing Director, John Heaton, said: “This year has undoubtedly challenged the whole business community but thanks to our dedicated team, both at head office and on site, we have had an unbelievable year.
“With no sign of slowing down, next year will be our biggest to date and we’re looking forward to announcing further development plans in the coming weeks.
“Our focus is on creating quality developments in high demand areas and building a portfolio we’re proud of and Bishopgate Gardens is key to this.”
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