Cole Waterhouse and Taurus Investment celebrate Eda completion

Cole Waterhouse and Taurus Investment complete Erie Dock Apartments (Eda), a landmark Build to Rent scheme at Salford Quays in Manchester.

The Eda Build to Rent development in Salford Quays, the first in the Cole Waterhouse and Taurus Investment holdings JV in the UK | BTR News
The Eda Build to Rent development in Salford Quays, the first in the Cole Waterhouse and Taurus Investment holdings JV in the UK.

Developer Cole Waterhouse, contractor Domis Construction and private equity firm Taurus Investment Holdings have officially reached completion and are now accepting lettings at the Eda Build to Rent development. It is Cole Waterhouse and Taurus Investment Holdings’ first joint Build to Rent development in the UK. 

Designed by Chapman Taylor architects, Eda is a 250,640 sq ft, L-shaped residential building. The scheme includes 290 new homes – a mix of one-, two- and three-bedroom apartments which are now available to let. At 29-storeys, it is the highest residential tower on the Salford Quays skyline and has been completed on budget and three months ahead of schedule by Domis Construction.

“We’ve worked in close partnership with our joint venture partner Taurus and our contractor Domis to achieve this milestone, taking a highly collaborative approach from start to finish which has had a significant impact on the speed and quality of delivery. We have some exciting collaborations planned with local food and drink establishments, leisure, retail, and transport operators to provide discounts and exclusive deals for our new residents who are looking forward to moving into the building this month.”

Simon Gallanders, Managing Director (MD), Cole Waterhouse Residential

Last month, the team secured the first letting for the building with numerous units also now under offer, having received over 500 enquiries in the first four days of marketing. Designed and furnished by Project FF&E, three show apartments are now open for walk-in viewings throughout September. 

Cole Waterhouse, Taurus Investment Holdings, and the entire project team celebrated the delivery and handover of the building with an on-site event on 31 August 2023, which saw the unveiling of a specially commissioned plaque to celebrate the roles of all the project partners. 

“The delivery of Eda really has been a great example of a best-in-class partnership working together to achieve a superb sustainable project. We started this programme in Covid and despite the continued economic turbulence and the associated supply and skills issues Domis has completed a remarkable job to be able to achieve such an early handover of the building. I am grateful for the incredible efforts and execution of all our partners who have helped to bring to life our unique and distinctive vision for Eda. We are already working on our second joint venture partnership with Cole Waterhouse at Upper Trinity Street in Digbeth, Birmingham and look forward to bringing the first phase forward in 2024.”

Nick Jacobs, Managing Director (MD), Taurus UK

At ground level, the Eda Build to Rent scheme has 4,000 sq ft of commercial space already pre-let to Co-op Food, as well as resident amenities including a co-working space, residents’ lounges, cinema room, bookable private dining and entertaining facilities, along with a fully equipped gym and a dedicated onsite concierge and management team.  

Eda residents will benefit from access to biodiverse green spaces including two landscaped terrace gardens on the mezzanine and level 19, plus private terraces for each rooftop penthouse apartment. 

A series of curated events is also planned through the autumn with partnerships from local retail and leisure businesses. Bicycle storage and EV chargers are also available to residents, who also benefit from being close to Anchorage Metrolink station and local bus routes, encouraging the use of public transport.

Built with integrated energy-efficient design principles in mind, the scheme uses high grade insulation for a thermally efficient construction with low air permeability, energy-efficient appliances, LED lighting to minimise energy consumption and reduce utility costs for residents, as well as MVHR systems to reduce heating loads.

“We’re proud to have completed the tallest tower in Salford Quays well ahead of time and that achievement is down to the dedication and commitment of our superb team working in close collaboration with Cole Waterhouse and Taurus. The team developed an incredible bond during the delivery of this prestigious scheme, taking a real partnership approach, with flexibility and trust shown on all sides. This is our second highly successful project with Cole Waterhouse and Eda will be a fantastic addition to the residential offer in Salford.”

 Lee McCarren, Managing Director, Domis Construction

The successful delivery of Eda is also thanks to Jon Matthews Architects as delivery architect, WSP Planning, structural engineers Renaissance, M&E consultants Novo, landscape architects Exterior Architecture, project managers/quantity surveying services by Henry Riley, Project Four Safety Solutions providing CDM and Principal Designer services with legal advice from Ward Hadaway.

Cole Waterhouse and Taurus Investment Holdings agreed a £45.5m finance facility with Fortwell Capital in late 2021 for the Eda development. The scheme topped out in April this year.