Larger Development of The Year WINNER – Waterhouse, Salford – The Forshaw Group
Held at the iconic Albert Hall, Manchester, the 2022 Cowgills Homebuilder Awards was hosted by British TV presenter, Jenny Powell.
The event was backed by the likes of Savills and Place North West.
All categories were open exclusively for entry by SMEs with the awards focusing on the work being completed by homebuilders and developers across the North West.
Forshaw Land and Property were shortlisted for Larger Development of The Year and against other top schemes received the award.
It is by virtue of teamwork and the quality of main contractor and sub-contractors that this scheme won the award.
We are grateful to all that have contributed towards the scheme.
Demolition completes at The Ice Cream Factory
Our Family company Forshaw Demolition Ltd has recently completed demolition and site investigation at our small but perfectly formed site in Ancoats, Manchester. Located at Loom St, Ancoats we are soon to commence construction of a truly spectacular “one off” five storey 4 bedroom town house. The spacious home will offer spacious living accommodation over 5 levels with a garage at ground floor. The superb home also includes a lift and a generous roof terrace with hot tub!
The Forshaw Team is Expanding!
Forshaw are pleased to announce three new members of staff joining the Forshaw team!
We welcome new contracts manager Ryan Jones, senior quantity surveyor Adam Garner and Land Manager Charlotte Gildhart-Butler.
Ryan and Adam bring a wealth of experience in their sector and will be working primarily in the new construction arm.
Charlotte has vast experience in the land and planning sector and will be sourcing new development opportunities in addition to helping navigate the planning process for all new schemes.
The Waterhouse nearing completion
Our flagship 86-unit apartment scheme in Salford is almost complete with first residents expected to move in before the end of February. The striking nine storey building offers a range of 1-, 2- and 3-bedroom apartments with superb River and City views. Other amenities include a resident’s gymnasium, top floor residents lounge and large roof terrace.
All the apartments are now sold, and strong rental demand is anticipated.
Georges Yard – February start
Our new construction arm Forshaw Construction Ltd is about to commence construction of the 58 houses in Bolton town centre. The development consists of a 58 contemporary town houses across a series of terraces in the Croal Valley area of our hometown.
We are extremely excited to deliver this quality design led scheme setting the standard for development in this new town centre neighbourhood.
Planning Submitted – City View, Salford
We are excited to announce that a full planning application has been submitted for a revised scheme for our site at Derwent St, Salford. The revised scheme has been designed by award winning architects John Matthews and will contain 160 apartments in a stunning building over 17 floors.
Other amenities include a gymnasium, residents lounge, co working space and terrace overlooking the River Irwell. Our friends at DOMIS Construction have been appointed to deliver scheme and aim to be on site by April this year
Introducing Forshaw Construction Ltd
We are excited to announce the introduction of Forshaw Construction Ltd which has been created to deliver development projects on behalf of parent company Forshaw Land & Property Group and selected key partners. The new company is based at our head offices in Bolton but will undertake construction projects throughout the Northwest.
Historically, Forshaw Group have outsourced much of the construction to trusted main contractors. However, we have now taken the step deliver more projects “in house” driving better value and quality for the group and our valued clients.
Forshaw Construction Ltd is about to commence three projects in Bolton with a combined contract value of £10.5m.
Halo,Completed & Delivered
Construction at Halo is now complete with contractors vacating the site. Home owners and investor clients have been receiving their keys as we hand over their new-build Manchester city apartment.
Located close to Victoria Station, the Northern Quarter and Manchester’s commercial core, Halo is a contemporary designed 6 storey residential development for a world class city.
As well as attracting owner occupiers, Manchester is a UK buy-to-let hot spot with international recognition as huge numbers of young people flock to the city increasing demand for luxury apartments. Halo was sold off plan with early bird investors benefiting from rising capital values and strong rental growth. View one of our current investment opportunities here.
Construction Update, Halo
With the scaffolding down and the U.K. basking in the February sun producing record Winter temperatures, it’s the perfect opportunity to unveil the exterior of Halo, our new build development in Simpson St. in the heart of Manchester.
Halo,Simpson St,Manchester M4 4GB
Halo represents a market-leading product for vibrant Manchester city living located a stone’s throw away from “Noma” and the main commercial core of the city centre. It comprises 66 one, two and three stylish apartments benefiting from secure underground parking.
All units are sold but check out current developments and find out how you can also profit from the Manchester booming property market.
Growing population in Manchester creates need for more homes
Manchester, Leeds and Liverpool have all seen significant housing supply shortfalls in the face of an increase in demand from people wishing to live in the core city centres. And as result of political headwinds, the growth story may be somewhat stifled.
However, looking forward, the prospects for the major urban markets within Northern England are positive. As a recent report from JLL shows, Manchester, Leeds and Liverpool to all see price and rental growth over the next five years to be above the UK average.
In recent years Manchester City Centre has established itself as the most significant residential market in the UK with more than £1.6bn invested over the past 24 months in new purpose built private rental developments in the city centre, mainly on a forward funding basis.
A total of c. 5,600 purpose built private rental units are now under construction making Manchester by far the largest multifamily rental market outside London. While the sheer weight of residential development is impressive the growing importance of the city centre in meeting Greater Manchester’s overall housing need cannot be understated. The new Greater Manchester Spatial Framework – the region’s first ever blueprint for long term development – stipulates that brownfield sites in the city centre should provide for 50,000 new apartments over the next 20 years, a quarter of all projected housing need across the metropolitan county. Given that around 25% of the current 30,000-unit city centre pipeline is yet to get planning permission, supply is on course to meet demand for the first decade of the 20 year GMSF plan.
In the more immediate term Manchester has seen some significant economic wins which have boosted demand for city centre housing. In 2018, a total of 500,000 sq ft of office space was let in three standout deals to Amazon, Booking.com and HMRC.
JLL estimates that currently up to 3,000 units are needed per year for a growing city centre population expected to rise from 55,000 currently to 100,000 by 2026. And given that delivery in the last five years has averaged less than 1,000 new units per annum, a ramp up in supply is long overdue.
House price and rental growth in 2018 was more in line with the rest of the country following considerable growth in recent years. The price of a two bedroom city centre apartment increased by 2% and with supply becoming more closely aligned to demand, JLL expects price growth of 3% pa over the next five years compared with a national average of 2.2% pa. Rental growth in Manchester is forecast to average 3.1% pa compared with 2.4% pa across the UK.
Source: JLL Residential Forecast Northern England 2019
Why not check out all our current developments and find out how you can also profit from the Manchester booming property market.