Progressive Living Developments

Development Finance
Progressive Living has secured £8.26m of funding from Assetz Capital to support the construction of a 64-unit residential development in Manchester.

It is the latest project in the same area as the Co-operative Group’s NOMA scheme, which has seen over £800m invested into the regeneration of the area.

The developer turned to our sister company Assetz Property with the planning in place for North Central and was seeking an exit strategy, as well as funding for the development.

The property team pre-sold the apartments in a matter of weeks, which meant Assetz Capital was able to lend 100% of the development costs.


Amount lent

19 months

Loan term



Progressive Living Developments
Progressive Living Developments

We are delighted to work with Assetz on this project. Their way of funding makes so much sense. We are happy to deliver much-needed housing and contributing to the regeneration of the NOMA district.

David Fairclough
Progressive Living Developments