Developer Elliot Lawless has agreed a deal which will see a £70m residential tower in Manchester stalled by a police investigation sold to its original investors.

Work on Falconer Chester Hall’s 300-home Residence tower ground to a halt following a fraud probe into Lawless launched by Merseyside police in late 2019.

Main contractor Careys walked away from the scheme last year following Lawless’ arrest. The tower is already more than two years behind schedule following the collapse of its original main contractor Forrest in 2018.

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