Accounting FirmsCorporate Finance

Historic Manchester pub secures conversion funding

Accountancy firm, Cowgills has announced it has secured funding for the conversion of historic Manchester pub, the Cross Keys in Eccles.

The building has now been acquired by specialist social care property provider Annesley Property Group, in a deal worth £1.25m. The pub was developed by Annesley Living to provide homes for 14 clients requiring supported living, following an initial investment from Cowgills sister bridging firm.

Planning permission was granted by Salford City Council in 2016 after the building had fallen into ruin, having been empty for more than three years. As a ‘Building of Local Interest” Historic England was fully consulted on the proposals and said it “welcomed” the plans.

Managing director Jack Knight of Annesley Living, said: “The pub has a fascinating history having been built in 1629, but it had been totally abandoned when we acquired it in November 2015.

“It was our goal from the outset to bring back a building which was used by the community into a building for the community, and for delivering on that we’re extremely proud. It is great to see it have a new lease of life as a community asset, which will provide much needed supported living accommodation for the local population. Support that it has gained from the local community is genuinely heartwarming.”

He added: “Cowgills supported us throughout the development which has been challenging at times. The team’s flexibility and responsiveness has allowed us to be able to adapt our plans as we went along. Dealing with the principal decision makers was critical, and David Rainford got thoroughly involved to help us get the project to completion.”

David Rainford, finance director at Cowgills, said: “Seeing this fabulous building fulfilling a new role is as important to us as the deal. We are delighted to have been able to help Annesley Living and look forward to working with them on future projects.”

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