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!
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.
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.
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.
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
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.
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.
Halo, Simpson St, Manchester M4
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.
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.
View from the corner of School St and Simpson St
View looking down Simpson StPrivate terraces and balconiesFront Entrance & Lobby from Simpson StResident access by secure key padVehicular access via School St to underground secure parkingLight airy stair wellsBalconies on the corner unitsPatio doors opening on to private terraceOutside terraces on the top floor
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.
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
“The Waterhouse”, an example of one of our new-build waterside Manchester developments
Why not check out all our current developments and find out how you can also profit from the Manchester booming property market.
Construction at Halo, Simpson St, Manchester nears completion as scheduled delivery approaches in the next few weeks.
The show apartment is being prepared and furnished and soon will be available to show case our new build residential city development to owner occupiers and potential professional working tenants.
The Manchester property market is booming with latest research indicating that the city is outperforming every other city in the UK. Capital appreciation growth for the 12 months to the end of June 2018 came to a impressive 7.4% against a national average of 4.6%.
All good news for the off-plan purchasers at Halo with Manchester hitting levels of capital appreciation unmatched across the UK. Manchester’s rental market is also rising higher than in any other UK city with rents up by 10% to April 2018.
Greater Manchester is the UK’s largest and fastest growing economy outside of London, having transformed itself into one of Europe’s most dynamic and exciting cities in which to live and work.
Halo is all sold out, but with forecasts showing that house prices in Manchester are expected to rise by 57% by the end of 2028, why not check out our current developments and find out more how you can also profit from the Manchester booming property market.
It’s great to see activity on our River Plaza, Manchester site this week with the initial site investigation underway to formulate the remediation strategy prior to the construction phase commencing.
The site has been cleared of vegetation allowing surveyors full access to enable them to dig lots of holes and trenches for the next 10 days !
Site engineers will be logging soils and rock and taking appropriate samples for analysis, in preparation of an appropriate Construction Phase Plan, Method Statement and Risk Assessments.
As well as enjoying everything that Manchester has to offer, the enviable riverside location of River Plaza gives great access to the historic Castlefield area and is also in close proximity to Manchester city centre, unlocking the full potential that city living has to offer for residents. To find out more, just register your contact details below and we’ll be in touch.
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