One Heritage Group PLC - UK-based residential developer focused on the north of England - Notes practical completion of St Petersgate, Stockport, a residential development project consisting of 18 high-end apartments and one commercial unit. Says the property, formerly an office building, is located in Stockport town centre. The five storey property is around 12,000 square feet and comprises a mix of one and two bed apartments. Construction work on the project began in the first quarter of 2022.

Adds that sales are progressing and all 18 units have exchanged contracts and the commercial unit has been pre let at GBP15,000 per annum. Says there is no construction finance to repay, and One Heritage expects to receive net proceeds of GBP2.9 million later this month.

Chief Executive Jason Upton says: “We are pleased to announce the completion of St Petersgate, Stockport marking our first practical completion of 2024. The former office building has been completely transformed into apartments and a commercial unit, testament to our commitment to revitalise spaces and create new homes. The development is in central Stockport and we are delighted to contribute towards this area’s flourishing landscape and community.”

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By Sophie Rose, Alliance News senior reporter

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