Manchester set for yet more rental apartments

by Gary Whittaker

Manchester's apartment boom is set to continue after developer Renaker Build revealed plans for two more towers connected by a podium that would provide more than 650 new rental units.

The towers would be 21 and 51 storeys high respectively, with the latter being taller than the current highest building in the city, the 54 ft Beetham Tower. 

If the scheme gets the green light, however, it will not be the highest in Manchester, as by then, three others will be taller still. These include another Renaker development, the 658 ft Owen Street Tower A that is currently under construction and will overtake the Beetham Tower later this year.

Nonetheless, the new development will add to a cluster of new buildings in the Jackson Street area on the western edge of the city centre adjacent to Hulme. With De Trafford Estates also planning to build several towers in the area, this will be a high-rise neighborhood providing over 6,000 homes. 

As well as changing the skyline - and this group will be just part of the ‘Manhattanisation of Manchester’ - the development is continuing the trend of making the city centre a major residential area of high density, with the rental sector playing a huge role in serving the young professionals living there.

Other schemes either established or on the way include Allied London's Vertical Village - which will include the tallest Mancunian building of them all at 699 ft - and a number of developments just across the River Irwell in central Salford. 

The recent Build to Rent figures for 2017 produced by the British Property Federation and Savills showed that the north west was second only to London in 2017 for output and way ahead of the other regions. While this is certainly not confined to the Manchester area, there is no doubt where the highest level of activity is taking place. 

Apart from Manchester city centre and adjacent districts such as Ancoats, Hulme, Ardwick and central Salford, the docklands around Salford Quay are a major area of activity, with Clippers Quay featuring the largest build to rent project outside London to date. When construction is completed this year, it will feature 614 apartments. 

Find out more about letting agency softwareADNFCR-1064-ID-801846638-ADNFCR

09-May-18General Lettings News