Great Jackson Street Development Finance
Great Jackson Street is home to Manchester's tallest tower cluster and one of the most ambitious urban regeneration programmes in the UK. Great Jackson Street development finance funds property projects across this ultra-high-density residential quarter, and Manchester Development Finance is the specialist broker that secures competitive terms for developers from our panel of 50+ lenders. Dominated by Renaker Build's transformative Crown Street masterplan, the area has redefined Manchester's skyline with towers exceeding 60 storeys.
The Great Jackson Street Strategic Regeneration Framework has guided the transformation of former surface car parks and low-rise commercial buildings into a new urban village of thousands of homes, ground-floor commercial spaces, and public realm improvements. Deansgate Square — comprising four interconnected towers including the 201-metre South Tower — established the area as Manchester's pre-eminent address for high-rise living. For developers, the area offers exceptional density permissions, proven residential demand, and a well-understood planning context that gives lenders confidence to support new schemes.
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Great Jackson Street Planning Context and Development Policy
Great Jackson Street falls within Manchester City Council's planning jurisdiction, with development guided by the Great Jackson Street Strategic Regeneration Framework (SRF) adopted in 2015 and updated in subsequent years. The SRF explicitly supports the creation of a high-density residential neighbourhood with buildings of significant height, recognising the area's strategic position between Deansgate and the Mancunian Way as suitable for landmark towers that contribute to Manchester's evolving skyline.
Manchester City Council has consistently approved tall buildings within the SRF boundary, with multiple towers above 40 storeys receiving planning consent. The council's design expectations are high, requiring developments to deliver meaningful public realm improvements, active ground-floor uses, and high-quality residential amenity. The Crown Street masterplan, developed by Renaker Build in collaboration with the council, provides a comprehensive framework for the remaining development plots, giving lenders and developers clarity on the area's future trajectory.
For development finance purposes, the established SRF and the council's track record of supporting tall buildings in this location significantly reduce planning risk. Lenders view Great Jackson Street favourably because the planning framework provides certainty, and the volume of completed and occupied schemes delivers robust comparable evidence for valuations. Developers should, however, account for the area's specific Section 106 and affordable housing obligations when modelling scheme viability.
Recent and Approved Development Schemes at Great Jackson Street
Great Jackson Street has witnessed an extraordinary concentration of high-rise residential development, establishing Manchester as a genuine vertical living destination. Renaker Build has been the dominant developer, delivering a sequence of landmark towers that have fundamentally reshaped this part of the city centre.
Deansgate Square, completed in phases between 2019 and 2022, comprises four towers of 36, 37, 44, and 64 storeys — the South Tower being the tallest residential building in the UK outside London at the time of completion. The Crown Street masterplan continues this trajectory with additional towers planned and under construction, including schemes that will bring further thousands of apartments to the neighbourhood alongside ground-floor retail, workspace, and community facilities.
Beyond Renaker's portfolio, other developers have secured permissions for significant schemes in the immediate vicinity, drawn by the area's proven market and supportive planning environment. The pipeline includes Build to Rent proposals, co-living concepts, and hybrid residential schemes that reflect the diversifying demand profile of Manchester's city centre rental market.
The depth of completed development at Great Jackson Street provides lenders with extensive comparable evidence, including achieved sales values, rental levels, construction costs, and absorption rates. This transparency is a significant advantage for developers seeking finance for new proposals in the area, as lenders can underwrite with confidence based on proven market data.
Great Jackson Street Market Statistics and Lender Appetite
Great Jackson Street commands some of the highest residential values in Manchester, reflecting the premium nature of its high-rise product and the area's proximity to Deansgate and Spinningfields. New-build apartments typically achieve £375 to £500 per square foot, with upper-floor and penthouse units in landmark towers commanding significant premiums. Rental yields of 5.0% to 5.5% gross reflect the premium pricing, with strong occupancy rates across completed schemes demonstrating genuine depth of tenant demand.
Lender appetite for Great Jackson Street development is strong, underpinned by the area's institutional-grade development track record and the clarity provided by the SRF. Senior development finance is typically available at 65-70% LTC with competitive rates, reflecting lenders' confidence in the area's values and demand profile. The scale of schemes in this location also attracts club deals and syndicated facilities from larger lending groups.
For ultra-high-rise schemes with elevated construction costs, mezzanine and JV equity structures are particularly relevant. Our team has extensive experience structuring multi-tranche facilities for tower developments in this corridor, combining senior debt with stretch senior, mezzanine, or preferred equity to deliver optimal capital structures that maximise developer returns while meeting lender requirements for skin in the game.
£375-£500
Price per sq ft (new-build)
5.0%-5.5%
Gross rental yield
65-70%
Typical senior LTC
6
Active development schemes
Explore Connected Development Areas
Great Jackson Street sits at the southern edge of Manchester city centre, connecting Deansgate and Spinningfields to the west with Piccadilly and the emerging Mayfield quarter to the east. Developers active in this corridor frequently explore opportunities across the adjoining areas.
Deansgate
Manchester's premier commercial and residential spine. High-value mixed-use developments and landmark tower schemes along the historic thoroughfare.
Piccadilly
HS2 arrival and major station redevelopment driving transformational change in Manchester's eastern gateway district.
Salford Quays
Greater Manchester's premier waterfront destination. BTR schemes and mixed-use developments anchored by MediaCityUK.
Related Resources
- Our Development Finance Services — Senior debt, mezzanine, BTR funding, and JV equity
- Case Studies — Including Great Jackson Street tower and high-rise schemes
- Loan Calculator — Model your Great Jackson Street development finance facility
- Contact Us — Discuss your Great Jackson Street development project
- All Areas — View all Greater Manchester development hotspots
Planning a High-Rise Development at Great Jackson Street?
From ultra-high-density towers to mixed-use urban village schemes, get indicative terms for your Great Jackson Street project within 48 hours from our specialist team.