Administrator Zolfo Cooper Europe is keeping a skeleton staff of four staff at Millennium's headquarters at Cypress House, in Wilmslow, as it looks to sell or rent the remaining flats. Seven jobs have been lost.
Millennium blamed poor trading conditions caused by the stagnation of the British property market for its administration.
A statement issued by Zolfo Cooper said that flats remain for sale in the high-profile Millennium Tower at Erie Basin, in Salford Quays, as well as Alexandra Tower, in Liverpool.
Administrator Peter Holder said that 58 apartments - out of a total of 121 - remain for sale in the Salford development.
He said: "Notwithstanding the significant and well-documented challenges facing the property sector, we remain confident that there will be interest from savvy buyers for these prestigious properties. We will therefore continue to trade the business as we look to secure buyers, as well as letting out and selling units at the company's exclusive Erie Basin and Alexandra Tower developments."
In addition to the Salford development, 147 apartments remain for sale in Alexandra Tower - out of a total of 201 - which is on the banks of the River Mersey.
The company was founded by Kevin Pickersgill in 1997 and he was joined by Nick Carter - formerly chairman of Crosby Homes - in 2002. It initially specialised in big luxurious homes built on leafy plots in Cheshire which proved popular with some of the region's highest paid footballers.
The M.E.N. understands that the company was subsequently sold to Allsports retail chain entrepreneur David Hughes, who continues to be one of the major shareholders.
Around four years ago, the company began developing apartment blocks as well as large houses in Cheshire.
It has also completed a scheme in Newcastle upon Tyne.
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Quasimodo's Leotard, Paris (29/01/2009 at 15:50)
A. Spokesperson (29/01/2009 at 17:00)
JTC Formerley JimC (29/01/2009 at 17:25)
The Right to Reply (29/01/2009 at 17:35)
davmac, manchester (29/01/2009 at 18:38)
Ewan Oosami, Halifax (29/01/2009 at 19:48)
Oz Blue (30/01/2009 at 00:12)
thaitanium (30/01/2009 at 08:48)
I bet the people who bought these des res's would be thrilled to bits having a problem family living next door. Trying to redistribute the wealth every time they went out.Just hope their taste in music is the same as their new next door nieghbours as they will have to listen to it often enough.
Steve Williamson (30/01/2009 at 08:58)
It may come as some surprise to those that know nothing about the economics of the construction industry that residential developers earn very little money when compared to the risk of the developemnt. The last project I studied for a paper detailed average apartment cost of £150,000 with a build cost of £125,000.
Developers are not some evil empire they are there to facilitate demand. We (in terms of the public) drive what people will charge for a product / service and blaming someone else is simply pathetic.
And finally I must say that I feel incredibly sorry for those that take some sick pleasure in companies going bust, surely they are not that stupid to not understand that the more unemployment the deeper we slipinto recession
Mr Angry, Bury (30/01/2009 at 10:20)
cjs73 (30/01/2009 at 10:49)
'Well-heeled Cheshire set'!? All my heels are good and I once lived in Cheshire, do I belong to this 'set'? Ridiculous phrase!
factorygirl (30/01/2009 at 15:42)
bromleyspeaking, cumhardy (30/01/2009 at 18:39)