One Heritage Group PLC, the UK-based residential developer focused on the North of England, is pleased to announce the practical completion of St Petersgate, Stockport, a residential development project consisting of 18 high-end apartments and one commercial unit.

The property, formerly an office building, is located in the heart of Stockport town centre. The five storey property is c. 12,000 square feet and comprises a mix of one and two bed apartments.

Construction work on this project commenced in Q1 2022 with One Heritage Construction as the principal contractor leading the delivery of the redevelopment. The supporting design team comprised project managers Innov8, SSH Architects, structural engineers Kennedy Redford, mechanical and electrical engineers Crooks Walker and principal designers RJD Associates.

Sales are progressing and all 18 units have exchanged contracts and the commercial unit has been pre let at £15,000 per annum. There is no construction finance to repay, and the Company expects to receive net proceeds of £2.9m later this month.

Jason Upton, One Heritage CEO, commented:

“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.”