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Manchester Evening News
Manchester Evening News
National
Alice Richardson

Property developer who bought bank that once refused him a loan announces plans for projects in Trafford

A property developer who once bought the bank that refused him a loan has announced his plans for projects throughout Trafford.

Adam Deering, originally from Urmston but currently living in Dublin, has created plans for a main apartment block in Danefield Road, Sale, as well as other projects in the borough.

He said they will provide much-needed accommodation for people looking to take advantage of the area’s reputation and potential.

READ MORE: Sale Water Park issues warning over open water swimming following tragic deaths

He added: “There is a shortage of quality housing in Trafford and I believe these projects will go some way towards addressing this problem.

“The area offers the perfect mix of location and amenities, especially for young professionals and families.

“It was recently voted the ‘smartest place in Britain’ due to the performance of the excellent local schools, which is a big draw for those with children looking to set up home in Greater Manchester.

“I believe these projects will be a huge boon for Trafford and help build on the reputation it already has as a fantastic place to live.”

The developer has already started building new homes in Trafford (Marco Richards)

The Danefield Road site proposal lays out plans to demolish an existing building, the former commercial premises Network House, and create a ‘sympathetically-designed’ block featuring 18 apartments.

It will be constructed in red brick and will be a maximum of four storeys high.

Residents car parking and a landscaped area will feature at the rear of the newly-built property.

Mr Deering is looking for new sites across Greater Manchester (Marco Richards)

The proposal is due to be submitted to council planners in the next few weeks.

Last year, Mr Deering bought the former RBS bank building in Urmston, who he had been turned down for a loan when he was trying to start his first business nearly two decades earlier.

He now has plans for around 100 further units elsewhere in the Trafford and parts of Cheshire – 24 in Urmston, 35 in Sale, plus 60 in Disley and Stockport.

Details of these proposals are set to be unveiled over the next few months.

The property mogul has previously revealed that he is snubbing city centre developments for the suburbs due the effects of the covid pandemic.

He said: “It used to be the case that city centre living had a huge appeal, especially for young professionals who wanted the hustle and bustle without having a long commute.

Adam has bought the building in Urmston (Marco Richards/Adam Deering)

“But the suburbs have come back into their own during lockdown as more people want to have some green space but still be within touching distance of the city centre when they return to the office.

“I believe there has never been a better time to build, with recent changes in planning laws making it easier than ever to convert shops and offices into homes.”

The average price of a residential property in Trafford is £264,551.

RBS was contacted for comment, a spokesperson said they didn’t think it would be appropriate to comment at this time.

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