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Birmingham Post
Birmingham Post
Business
Jon Robinson

Fourth DeTrafford company collapses into administration

A property company behind an apartment block in Manchester city centre has entered administration.

DeTrafford Sky Gardens has appointed BDO to oversee the process, according to a document filed with The Gazette.

The company was behind the 13-storey Sky Gardens development in Chester Road which includes 166 flats.

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It is the fourth DeTrafford company to enter administration after St George’s Gardens, City Gardens and Wavelength.

The company behind St George’s Gardens, an 11-storey apartment building that includes 138 flats and was completed in 2020, owed almost £50m when it entered administration.

In October 2022, investors in the £99m Wavelength project to build more than 400 apartments in Salford Quays were warned they might not receive their full deposits back after the company behind the scheme entered administration.

A spokesperson for the joint administrators said: "Due to the wider economic challenges, Sky Gardens faced difficulties in realising the remaining unsold apartments.

"We will now be taking all necessary steps to maximise returns for the benefit of all creditors in accordance with our legal duties."

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