Relentless today announces a joint venture with KKR to deliver the St Michael’s development in central Manchester. Initial work on the site is expected towards the end of the year in the commercial phase of the project.
The joint venture, KKR’s first real estate investment in Manchester, will combine Relentless’s local knowledge and operational expertise with KKR’s capital and resources to deliver a best-in-class office space and new public realm for the city. The plans include significant investment in the latest green technology to create a 200,000 sq ft sustainable building, which reflects changes to working practices and has the health and well-being of its occupiers at the forefront of the design. KKR’s investment was made through its $2.2bn second dedicated European real estate fund, KKR Real Estate Partners Europe II.
Gary Neville of Relentless said: “The team has worked throughout lockdown to bring this project forward. St Michael’s has been challenging but with the support of KKR we are looking forward to delivering this exciting project in Manchester. The Relentless team welcomes KKR to Manchester and can’t wait to deliver what we know will be an exceptional space for our city.”
