Sir Robert McAlpine Capital Ventures (SRMCV)and Logik Developments have formed a Joint Venture to develop a 24-storey, 355 unit Build to Rent Project on Arundel Street in central Manchester.

The £110 million development, located in the Castlefield basin, opposite the Deansgate Square Towers, is expected to contribute to the regeneration of the area and bring significant social value and sustainability benefits to local communities.

This is a key milestone towards the delivery of this BTR scheme, after Logik obtained planning consent for the development in 2019. The Joint Venture is now working to secure a forward funding partner to develop out the scheme.

Today marks the beginning of another significant project for SRMCV. This fantastic project in the heart of Castlefield reinforces our strong track record of successfully delivering BTR schemes across England. We greatly look forward to the start of our partnership

Robert Wotherspoon, CEO of Sir Robert McAlpine Capital Ventures

Robert Wotherspoon

Today marks the beginning of another significant project for SRMCV. This fantastic project in the heart of Castlefield reinforces our strong track record of successfully delivering BTR schemes across England. We greatly look forward to the start of our partnership

with Logik Developments. We share Logik’s ambitions for achieving a quality residential neighbourhood with high sustainability targets with a focus on creating social value that benefits the local community. We look forward to bringing the vision to life.

We are excited to have created the JV with SRMCV. Our two businesses are aligned in values and ambitions, and we look forward to seeing this project move to the next stage. The development of this BTR scheme will add to the strategic importance of the Castlefield Basin in the city. The high quality of the design will complement the area and bring many benefits to the local community.
Neil Spencer Managing Director at Logik Developments

Latest news

Sir Robert McAlpine appointed to Therme Manchester
09 Sept 2025

We have been appointed as Construction Manager on the UK's first urban wellbeing resort in Manchester

Read more about
A historic return to Smithfield Poultry Market
05 Sept 2025

Our transformation of Smithfield Poultry Market and the adjacent General Market into a new home for London Museum is featured in Construction News.

Read more about
A day of golf for Maggie’s
29 Aug 2025

Golf day at Remedy Oak raises £2,000 for Maggie’s, supporting those affected by cancer.

Read more about