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Work continues apace at Manchester New Square

Construction works have been continuing apace at Manchester New Square, with the new 250 space basement car park nearing completion. As the contractors finish off these works, we can expect to see the first of the three tower cranes being erected on site during the Spring, with the concrete frames for Carding & Linter following shortly thereafter.

Sales have progressed well with over 100 apartments now sold in Linter & Carding and we expect strong interest in Calico, the final building, where we will be releasing a limited number of brand new one and two bedroom apartments in February this year.

The prospects for investors at Manchester New Square remain excellent with recent research published by Hometrack showing a 6.6% growth in Manchester house prices, compared to a UK average of 4.7%. Manchester is consistently showing yoy growth of well over 6% and it is predicted that with current population growth, there will be 84,000 extra people looking for homes in the city by 2025.

There has also been good news in other parts of the city centre, with the opening of Global workspace provider WeWork’s new hub. The brand claims Manchester is “an increasingly appealing destination which provides a fantastic work life balance”. Its decision reflects the city’s growing reputation for innovation, media and technology with 8,000 Mancunians starting their own business last year alone.

Prestigious London celebrity hang out The Ivy is also opening a purpose built, 4 storey restaurant at The Pavilion, Byram Street this Spring. And they aren’t the only luxury new offer in the city with D&D’s two Michelin star rooftop restaurant ’20 Stories’ opening 100m in the air next month.

In summary, Manchester’s renaissance continues to lead the rest of the UK, both in terms of commerce, lifestyle and sport.

If you would like to enquire about current availability please email rob.butler@eu.jll.com or call our show apartment on 0161 200 1669.

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