Bentry Capital has acquired Irwell Gardens in Salford for £12m, with plans to deliver 100 townhouses and 100 apartments in a new waterfront development.
The scheme has a gross development value (GDV) of £80m, adding to Bentry Capital’s £500m GDV residential portfolio across the UK.
The 3-acre site, off Regatta Street and fronting the River Irwell, has planning permission for the first phase of 50 three- and four-bedroom townhouses.
A second phase for 50 more houses and 100 apartments will be submitted for planning next year.
Each townhouse will have a private garden, with prices starting from around £395,000.
The homes will be linked by landscaped gardens and a riverside pathway.
Construction will be led by Mellior Group, the in-house construction arm, with phase one to begin in Q1 2026 and take 18 months to complete.
Mellior Group will also apply for planning and deliver phase two, which will have a two-year build programme once approved.
Sales for phase one are due to start in the second half of 2026, with Savills as the preferred sales partner.
David Cain, co-founder and chief development officer at Bentry Capital, said: “Mellior Group is excellently placed to lead the construction of Irwell Gardens and we look forward to starting on site in the new year.
“Despite the wider market challenges, we have delivered premium quality homes at nearby Willow Court and this trusted, experienced team will be put into action on Irwell Gardens to bring this vision to life.”
David Ronson, national sales and marketing director at Bentry Capital, said: “The acquisition of Irwell Gardens marks another milestone for Bentry Capital as we strengthen the northern tranche of our portfolio.
“We have seen from our Willow Court development the huge level of demand from local owner-occupiers for premium newbuild housing in this area.
“Mellior Group has the local expertise and knowledge to deliver both phases of this scheme and create a new community.”
Jamie Adam, head of northern England for Savills, said: “We are delighted to be working with Bentry Capital on another of their schemes in such a sought-after location.
“The location of Irwell Gardens is in the heart of a fantastic regeneration zone with Salford’s waterside being reborn for a new generation, and excellently placed for enjoying Salford centre, Media City and Manchester’s centre.
“Bentry Capital is delivering high quality, design-led homes that answer how people want to live and we look forward to its launch next year.”
