Ask Real Estate, the commercial property developer majority owned by the Richardson family, have joined forces with Salboy, owned by Betfred co-founder Fred Done, to deliver the transformational Viadux project in Central Manchester.
Planning permission for the scheme is already in place for a 40-storey residential tower and a 14-storey office building that will provide 240,000 sq ft Grade A commercial space.
The £300 million project is due to start on site this spring and is expected to take around three years.
Simon Ismail, co-founder and director of Salboy, said:
“This is a new and exciting partnership, joining together two well established real estate companies to deliver such a significant development in Manchester. Working with a partner of the calibre of Ask will help create one of the most exciting mixed-use projects in the heart of the city centre.”
Richardson is a private, family-owned business operating throughout the UK and across the world. The family remain active developers and investors not only in the UK, but also in Europe and North America. Current UK projects include 25 logistical hubs around the country to supply the rapidly expanding click and collect market and a 750,000 square foot office development in central Manchester.
They have also built a successful international growth capital portfolio, including the above regions as well as Singapore and Australasia, across a range of sectors through a direct and co-investment programme.