Construction Update, Halo

Construction on Halo, our Manchester city residential development in Ancoats, is progressing well with the crane now dismantled as we have reached the top floor and roofing is all in place.
Halo Roof pv panels
Solar panels have been installed on the roof to cut our carbon footprint, as a responsible property developer to generate a green, renewable source of energy along with the added benefit of reducing electricity bills for owners and tenants.
solar panels Halo roof

However, as a result of an independent review of building and fire safety regulations across the UK in response to the fatal Grenfell Tower blaze, we have been required to upgrade and install new fire prevention precautions at Halo.

The required works included removing all the ceilings and fire guarding all the service ducting. All windows had to removed and upgraded fire resistant window board surrounds installed.
Ceilings removed Upgraded fire proofing window fire boarding Halo internal works
A lot of hard word and overtime by the team on site now means 90% of the windows have now been reinstalled with the required boarding surrounds and 80% of the zinc cladding is now in place.
internal boarding brickwork now complete external brickwork external facade

The first electrical fix is now complete along with 100% of the brickwork. The fittings are in place ready for the installation of the glass balconies.

glass balcony fiitings external balcony fittings

This extra fire prevention work has resulted in a slight delay to the scheduled completion and we now are looking at an expected delivery mid November.

We thank owners for their patience but are sure they will appreciate the necessity and that a slight delay is a small price to pay for the longer term security for their property and above all the safety of the occupants.

Manchester Registers Highest Annual Price Growth

The Hometrack UK Cities House Price Index June issue, has highlighted Manchester as the UK’s city with the highest year-on-year house price growth rate of 7.4%, followed by Liverpool (7.2%), Birmingham (6.8%) and Leicester (6.5%).

It comes as no surprise that Manchester also has the lowest level of discounting (2.2%) across England and Wales as prices remain on the upward curve.
manchester city tram
Added to this, a recent report from GoCompare identifies Manchester as the best place to be a landlord in the UK, as the city records the highest average rental yields and highest rental market growth. Other notable figures from the report include :

# UK city house price inflation 4.6% year on year ranging from +7.6% to -2.8%.

# 3-month growth rate in London increases as sellers become more realistic on pricing. The discounts from asking prices in London are narrowing which is a positive for sales volumes.

# Manchester has the lowest level of price discounting and the highest annual growth rate.

The report goes on to say that they expect current trends to continue into the second half of 2018 as housing market forces continue to play out against the backdrop of rising employment and low mortgage rates. The main risks on the horizon are the timing and scale of any increase in mortgage rates and how the BREXIT negotiations unfold in the coming months and in the run up to March 2019. Click here to view the full Hometrack report.
manchester shopping centre
With such strong economic fundamentals underpinning the property market in the North West, Manchester should be on every investors radar. View our current new build and off plan residential developments and register your details below to receive more details on all our investment opportunities and new development launches.

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Unveil Manchester’s Northern Gateway

A detailed vision for the Northern Gateway project, a residential-led development programme that will see 15,000 new homes in the next 15-20 years, is being considered by Manchester City Council Executive later this week.

The draft Strategic Regeneration Framework (SRF) sets out eight clear core objectives for the regeneration programme and will be a template for development planning over the next decade, driving the ambitions of the Northern Gateway reports

At 155 hectares, it is one of the largest residential-led regeneration projects in the UK. A key theme of the Gateway is a unique city river park connecting seven new and emerging neighbourhoods through high quality open green spaces and public squares.

The ambitious green space will stretch from Angel Meadow through to Collyhurst with the intention of attracting a wide range of biodiversity, while celebrating the existing architectural features of the valley, including Manchester’s Victorian railway arches.

The Northern Gateway will extend the residential opportunities north from the city centre creating the cluster of well-designed and distinct sustainable neighbourhoods, opening up a range of new retail and family-friendly leisure destinations in the north of the city.
working over coffee

With much improved connectivity,focusing on green transport, including walking, cycling and public transport, the Northern Gateway has the potential to attract a range of visitors from the city centre and beyond, taking advantage of the green space and leisure amenities, while improving the lifestyle residents.
Manchester city living

At its heart, the Northern Gateway is a residential-led development and aims to build a mix of 15,000 new homes over the next 15 years with at least 3,000 affordable homes.

If you are looking to invest in a world-class city which offers people a great place to live, an international airport and transport infrastructure which competes on a global level, then Manchester ticks all the boxes. View some of our current property investment opportunities or register your details below to receive our regular development updates and property launches.

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