Forshaw have recently submitted a revised full planning application to Manchester City Council for our landmark development Victoria House in Manchester. Victoria House will feature 177 apartments over 25 floors with outstanding residential amenities.
Forshaw have recently acquired a prime development site in the heart of our home town of Bolton and are soon to be launching George’s Yard. A brand new development of 58 stunning design-led town houses for 21st century urban living. Inspired by the towns famous industrial heritage, Georg’s Yard will offer a modern twist on the traditional terraced homes associated with Bolton’s industrial past. Look out for stunning features including contemporary open plan living, sky lounges, roof terraces and private gardens. Oozing quality, George’s Yard offers exceptional modern living in a location that combines the best of city and suburbia. .
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.
After manually stripping off the roof last week, the “boys with their toys” arrived on site this week and quickly made their mark as the heavy machinery swung into action at Worrall St, Salford.
The existing brick building now demolished allows surveys and ground works to commence over the coming months for delivery of 86 new build high specification waterside apartments due for completion 2020.
With pre-sales well under way, there are still some river fronting units available. View more details here or just complete the contact form below to receive a comprehensive brochure and floor plans.
Our Remediation Strategy for our Worrall Street site in Salford was approved last week by the council. We are now permitted to conduct environmental studies and take the required soil samples for analysis prior to construction.
The demolition company has been appointed and the demolition of the existing brick structure is now underway.
Works are set to continue over the next two weeks, with demolition of the existing building and remediation of the site to allow ground works to commence shortly.
With a growing population, Manchester and Salford are undergoing significant urban regeneration programmes which have led to a thriving local economy and bouyant rental market. Whether you’re a new or seasoned investor find out more about our fully-managed residential investment opportunities.
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.
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.
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.
As the scaffolding and site offices at Halo are being dismantled, the finishing touches internally are in hand as delivery and handover to buyers is scheduled to commence in the New Year.
Internal corridors painted and carpeted and the lift commissioned.
Furniture has been installed into a show apartment which will be dressed shortly to attract potential tenants to call Halo “home”.
Located within a highly accessible location in close proximity to Manchester Victoria Station, the Northern Quarter and the main commercial core of the city centre, Halo is a modern 6 storey residential development for a world-class city. Comprising 66 one, two and three bed stylish apartments with basement car parking.
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