£170m funding deals for Old Trafford housing scheme

Property developer Glenbrook has signed funding deals totalling £170m to drive forward with a 639-home project near Old Trafford cricket ground
Moorfield will fund the Build to Rent (BTR) element of the scheme at Lumina Village, which will include 440 apartments and townhouses and have a gross development value of £120m.
Clarion Housing Group has committed £49.1m to deliver 199 affordable homes, including shared ownership and social rent options in a range of apartments and townhouses.
Homes England has supported the delivery of 103 of the affordable homes through a grant from its Affordable Homes Programme, while Greater Manchester Combined Authority (GMCA) has backed the wider scheme through a grant from its brownfield housing programme.
The housing scheme is part of the Lumina Village mixed-use development, a joint venture partnership between …