Firma Partners and Precede Capital commit €35m for office redevelopment

Firma Partners and Precede Capital have committed £30 mln (€35 mln) in funding to Broad Street Real Estate for the redevelopment of Barclay House in Manchester city centre.

Barclay House

The project on Whitworth Street will transform the iconic office building into 94 modern apartments, complete with a range of amenities designed to attract young professionals and students, including a gym, cinema, and co-working space.
Barclay House has a prime location, near Oxford Road station and within easy reach of key areas like Spinningfields, Deansgate, and the universities.
Victor Librae, CEO of Firma Partners, said: “We are proud to support Broad Street Real Estate on this distinctive, thoughtfully designed residential-led scheme. Barclay House reflects the quality, character, and placemaking we look for in a project, and we’re pleased to work alongside Precede Capital to help bring it forward.”
Randeesh Sandhu, CEO of Precede Capital, added: “We are delighted to support Broad Street Real Estate on this well-located and thoughtfully designed scheme. Barclay House aligns with our strategy of backing experienced sponsors delivering high-quality, amenity-rich rental housing in key UK cities.”
Firma Partners offers specialized financing for medium to large property developments in the UK, focusing on residential, hospitality, and office sectors. The company has originated over £3.5 bn (€4.0 bn) in loans to top developers and investors.
Backed by TowerBrook Capital Partners and QuadReal Property Group, Precede Capital provides financing for large UK residential and commercial developments. The platform focuses on supporting sustainable, high-quality projects that contribute positively to the built environment.