Tuesday, September 1, 2015

Creative housing

Salford Council finally considers a planning application for four square-jawed tower blocks of flats at MediaCity this week, trumpeted as "1,036 luxury apartments in the heart of MediaCityUK with assured 6% NET rental yields". Yes, they've been marketed for some time without planning permission.

The council will consider a report that estimates the developer's potential profit at £38m, yet, they're only offering £1.3m for local "improvements" - and no "affordable housing". Bound to sail through, eh ?

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