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Urban Splash celebrates record profits

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Super-trendy developer Urban Splash has unveiled its best-ever financial results.

The Manchester-based firm has revealed exceptional trading figures that have seen its profits jump 77 per cent from £5 million in 2004-2005 to £8.9 million for the year ending 31 March 2006.

Even more impressively, turnover has rocketed 114 per cent from £27.7 million to £57.3 million over the same period.

Additionally, Urban Splash Work, which manages 27 commercial properties, saw rental income increase to £4.8 million a year, with 96 per cent of space let by 31 March 2006.

Schemes such as New Islington in Manchester, which was masterplanned by Will Alsop and included FAT's high-profile post-modern terrace, have contributed to this commercial success.

The company is currently working with 27 practices including FLACQ at Morecambe and David Morley on the Lister Mills scheme in Bradford.

Unsurprisingly, Urban Splash's chairman Tom Bloxham was delighted with the results.

'Urban Splash started in 1993, with quite literally two men in a shed, talking about the benefits of modern design, mixed uses, city-centre living and urban regeneration.

'At the time we were seen as voices in the wilderness. It is satisfying and reassuring to see these values now being widely adopted by other developers and increasingly in the public sector,' he said.

by Ed Dorrell

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