A plot of land in Tameside earmarked for housing has been sold for a six-figure sum by a property development fund managed by investment group Infinity.
The 2.15-acre site in Dukinfield was part of a land bank held by the Infinity Real Estate Development Fund.
A property developer has now acquired the site, which lies between Tower Street, Sandy Lane and Prospect Road and has planning permission for 21 houses.
The Infinity Real Estate Development Fund has invested in commercial and residential schemes and sites across the north west, including ones in Manchester city centre, Salford Quays and Liverpool, as well as further afield.
Salford Quays-based Infinity is led by partners Daniel Finestein, Sarah Butler and Phil Vickers.
It provides fund management, regulatory hosting and corporate advisory services across the UK and internationally.
The group specialises in the formation, management and operation of investment funds throughout their lifecycle through to exit, in sectors including fintech, green energy, education and healthcare as well as real estate, and others focused on debt and private equity.
Infinity also creates and manages funds for clients using its FCA regulatory umbrella service, which offers prospective fund managers a faster route to market.
Alongside this expertise, Infinity offers in-house compliance, legal and accounting services and access to a network of external specialists, working closely with investors and clients to help grow their portfolios.
Sarah Butler said: “We are pleased to have completed the latest deal for the Infinity Real Estate Development Fund, paving the way for new housing in Tameside.
“In this uncertain and challenging economic climate, the market for real estate transactions remains strong and we have some very exciting plans for the coming year.”