Property

The plans to build 107 new homes in Manchester city centre – including affordable housing

Piccadilly East grows again

Daisy Jackson Daisy Jackson - 10th March 2026

A new community of homes – including affordable housing – is on the way to Manchester city centre.

Fresh new images have been unveiled of Ferrous, a brand-new 107-home rental scheme that will be built in Piccadilly East later this year.

The new development from Capital&Centric will include 15% affordable housing, as well as a new pocket park.

The new scheme is partly thanks to a £1.6m investment from the Greater Manchester Combined Authority, which will see a previously underused brownfield site regenerated.

The site near Manchester Piccadilly was previously owned by Transport for Greater Manchester.

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Although the planning consent didn’t require an affordable housing, Capital&Centric has committed to delivering around 15% of the new homes as affordable.

Alongside the pocket park, there’ll be a small kiosk designed as a launchpad for an independent food or drink operator.

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Piccadilly East was named by The Sunday Times as one of the UK’s most up-and-coming places to live, thanks to developments like Crusader Mill and Neptune Mill, plus the landmark ‘Jenga’ Leonardo Hotel.

Tom Wilmot, Joint Managing Director at Capital&Centric, said: “The GMCA funding is helping unlock new homes on a challenging city centre site while allowing us to deliver affordable homes as part of the scheme.

“We’ve also carved out space for greenery and an independent operator because small pockets of public space make a massive difference. In a post-industrial city you have to go big on planting. Kampus showed that and we want to create a mini version here.”

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Construction on Ferrous is expected to start later this year with completion anticipated in 2028.

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Featured image: Supplied