The Peeler’s Yard scheme on Goulden Street is being developed by CERT property, which has joined forces with local entrepreneur, Oliver Cookson, to deliver the project.

Big Red will carry out a mixture of new-build and retention of historic Victorian structures.

Many of the properties are integrated within the existing boundary walls of the original police and fire station from 1872.

The original 25m chimney stack is retained as a centrepiece in the courtyard, with a lantern feature to be installed on the crown.

The scheme brings forward one of the few remaining sites in the New Cross area after a period of significant investment and development, with FEC’s New Cross Central and Poplins PRS scheme.

CERT’s managing director, Howard Lord, said: “New Cross is an exciting emerging district with this historic site right at its heart.

“This fits with our ethos of reuse of existing structures where possible to minimise waste and carbon output in development.”

Oliver Cookson said: “I am very pleased to be able to invest back in the community where I have my roots and to actively participate in the rejuvenation of the city through this redevelopment.

“The project will transform a landmark left abandoned into high quality housing affordable to many Manchester young professionals.”

CERT has retained Tim Groom Architects and Youth as its interior design partners for Peelers Yard.