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Place North West | Investar bags £13m for Paragon House overhaul

Dan Whelan The path is clear for the developer to start the conversion of the former Bruntwood office in Old Trafford into apartments later this month, having secured development funding from Reim Capital. The £13m will go towards the creation of 115 apartments within the 48,000 sq ft office, which Investar Property Group bought last year for an undisclosed sum. Developer Mandale Homes previously had consent under permitted development rights for an office-to-residential scheme converting the nine-storey Paragon House into 88 apartments. However, Investar drew up alternative plans for the Seymour Grove building and secured approval from Trafford Council at the end of July for a larger scheme with 115 apartments.

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