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TRANSCRIPT
ABOUT IP GLOBAL 04
THE KING OF THE NORTH 06
ECONOMY 08
REGENERATION 10
EDUCATION 12
SUPPLY AND DEMAND 14
SALES AND RENTAL MARKET 15
THE DEVELOPMENT 16
AREA MAP 18
COMPARABLES MAP 20
SPECIFICATIONS 24
DEVELOPER 26
CONTACTS 27
CONTENTS
4 5
In 2017, IP Global invested USD106 million to launch five projects set to benefit greatly from the Northern Powerhouse initiative. Our predictions have been proven by our investment success in the region.
ABOUT US
ABOUT IP GLOBAL
IP Global’s mission is to change the way the world views global real estate investment, placing it on a level footing with other recognized asset classes. We provide our clients with access to the best opportunities and deliver an end-to-end service that guides them through every step of their investment journey.
GERMANY
Total projects: 15 since 2014Total investment value: USD106 million
USA
Total projects: 19 since 2011Total investment value: USD146 million
AUSTRALIA
Total projects: 17 since 2013Total investment value: USD168 million
UK
Total projects: 85 since 2009Total investment value: USD2.9 billion
TRACK RECORD-
Project:
157 units, 1 / 2 / 3 Bedrooms
Developer: Renaker
Completion date: Q3 2016
Occupancy rate: 99%
Park Rise is a contemporary refurbishment offering a suburban lifestyle just eight minutes from Manchester's city centre.
PARK RISEMANCHESTER-
A striking new landmark in Manchester’s city centre, The Assembly’s modern apartments are the perfect entry point to this high-potential market.
THE ASSEMBLYMANCHESTER -
Project:
87 units, Studio / 1 / 2 Bedrooms
Developer: Mandale Homes
Completion date: Q1 2018
Occupancy rate: 100%
THE KING OF THE NORTH _Greater Manchester has transformed itself into one of Europe’s most dynamic and inspiring regions in which to live and work.
The birthplace of the modern industrial world, Greater Manchester has diversified in recent years to become the beating heart of the Northern Powerhouse.
Sources: World Population Review, Oxford Economics, ONS, European Space Agency
City Centre
Northeast City Region
Hull City Region
Sheffield City Region
Leeds City Region
Manchester City Region
Liverpool City Region
Hull
Liverpool
Manchester
Leeds
SheffieldManchester is home to 25%
of the Northern Powerhouse
cities’ combined population
Employment in Manchester is expected to increase 7,2%
between 2019-2023
7.2%
Greater Manchester is a leading
employment hub, with 105,000
companies based in the region
105,000
Between June – September 2018 67,000 jobs were
created in the Northwest of
England
67,00025%
Northeast
8 9
ECONOMY
Sources: Salford State of the city 2016, MEN, Manchester City Council Greater Manchester Forecasting Model 2017 summary, Gladfish
Salford’s economy has grown 12%
since 2004
Salford has experienced a 15%
increase in population since 2001
11,900 businesses employ over
140,000 people in Salford
Salford boasts a 79.5% full-time
employment rate
Overall GVA is forecast to
increase 52.9% by 2036
6.4% increase in employment in
2018 alone
The City Mayor expects Salford
to create 40,000 new jobs by 2040
SALFORD'S PROMISE _Adjacent to Manchester’s city centre and home to a population of 251,300, Salford is a major city in the North West. Connected by exceptional road and rail networks, Salford and Manchester collectively are the undisputed epicentre of the Northern Powerhouse.
10 11
MEDIACITYUK -Salford's greatest success story so far, this hub has pushed the city into the spotlight as one of the UK's most innovative business destinations. Positioned on the banks of the Manchester Ship Canal, this 200-acre development is now home to the BBC and ITV.
REGENERATION
REGENERATION -Salford has been part of an ambitious regeneration and development programme, providing new opportunities for further economic growth and investment. The Salford Investment Strategy has estimated that between 2016-2026 the city will see GBP3.8 billion in investment.
CASTLE IRWELL STUDENT VILLAGE -Developed by the University of Salford, this proposed redevelopment would offer:
PENDLETON -The Pendleton neighbourhood has undergone an extensive GBP650 million regeneration effort, creating 500 new jobs, 2.7 kilometres of new paths and cycle routes, and 1,600 new homes.
25,000 square feet of commercial space
500 new homes
A new primary school
200-acre development
Features BBC and ITV's offices
250 smaller media and digital businesses
1,250 homes modernised and 1,600 new homes built
A re-invigorated park, new usable green spaces and sports pitches
2,000 work experience opportunities
A new theatre square
12 13
EDUCATION
EDUCATION -Greater Manchester is a globally recognised centre for teaching, research and innovation, attracting one of the largest concentrations of students in Europe. Appealing to students internationally as well as locally, the region’s academic centres provide an enormous supply of new graduates each year which contributes to economic growth.
4 higher education institutions
100,000 students
70% of graduates remain in the area post-graduation
The University of Manchester
• More than 33,000 graduates per annum
• Hosts the highest percentage of international students in the UK at 25%
University of Salford
• Home to just under 21,000 students
• Over 3,000 international students
• GBP160 million has been invested in the university's buildings, facilities, and equipment over the past five years
Source: Deloitte CS
14 15
SALES AND RENTAL MARKET
Sources: Land Registry Index, JLL
SUPPLY AND DEMAND
SUPPLY AND DEMAND -In Manchester’s growing city centre, 3,000 new homes are needed per year, surpassing previous predictions of 2,500 residences. As delivery in the last 5 years has averaged less than 1,000 new homes per annum, a ramp up in supply is long overdue.
SALES AND RENTAL MARKET -House prices in Salford remain competitive while experiencing significant growth. Apartments in the city are currently 18.5% more affordable than the Manchester average and 32.3% below the Trafford average, yet Salford has experienced 5 consecutive years of property price growth.
Between 2013-2018 home prices increased 49.4% and in 2018 alone Salford prices rose 6.9%, making the city one of the UK’s top 4 performing markets for the year.
Salford’s present housing supply is unable to match the city’s demand - by 2035 34,900 new homes are required. Between 2011-2015 Salford delivered just 600 new dwellings a year, falling 1,145 short of the annual supply target.
Demand for housing in Salford has grown due to the city’s exciting population boom. The number of households has increased 10% over the last 10 years and Salford’s population is expected to grow by 10.7% by 2030, increasing faster than the national average over the next ten years.
Sources: Salford State of the City 2016, Salford Council
The Greater Manchester rental market absorbs many of the students as well as young professionals requiring the convenience of a central, vibrant location. The area's low home ownership rate also contributes to the region's consistent rental demand.
Property Price Growth
Cumulative Growth %
Manchester Rental Growth Projections
Population Growth
ManchesterSalford
Manchester Residential Development Pipeline
Completed
Planned construction
100,000students in Greater
Manchester
38.5%home ownership rate
in Greater Manchester, compared to the 63%
national average
16 17Computer generated images are intended for illustrative purposes only
THE DEVELOPMENT
CROSSBANK Crossbank is an innovative new development, situated adjacent to the east bank of River Irwell.
Within close proximity of the city's key landmarks, these modern 1 and 2-bedroom apartments boast private terraces, secure parking and high-end fixtures and fittings.
18 19
B6186
Broug
hton
Rd
A6
A6
Chapel St
A576
Churchill Way
A576
Langw
orthy R
d
Albert Park
GreenGrosvenor
Park
David LewisSports Ground
Peel Park
The Meadow
Riv
er Ir
wel
l
Trin
ity W
ay
A576
Bury N
ew R
dW
ater
loo
Rd
A6010
Mildred St
Broughton Rd E
Lond
on S
t
Grecian St
Albert Park Rd
Low
er Bro
ughto
n Rd
Seafo
ld R
d
Littleton Rd
Oak Rd
Gri�n St
Yew St
Mur
ray
St
Scovell St
Back H
ilton StB
owker St
Duncan St
Howe St
B6187
Bury N
ew R
d
A5066
CASTLE IRWELLSTUDENTVILLAGE
CHARLESTOWN
STRANGEWAYS
GREEN QUARTER
LOWER KERSAL
LOWERBROUGHTON
HIGHERBROUGHTON
CHEETWOOD
PENDLETON
LangworthyPark
ClarendonPark
A50
63
124
67
95
11
8
3
10
AREA MAPAREA MAP
THE AREAWithin walking distance of University of Salford, and with direct public transport links to Manchester's city centre, Crossbank occupies an enviable location, sought after by students and young professionals.
CROSSBANK
Broughton Leisure Centre
Broughton Cricket & Rugby Club
Texaco
Carlton Convenience
1
4
2
6
7
5 Nisa Local9
Salford Shopping Centre
Manchester Arena
10
3
11
TRANSPORTATION
AMENITIES
Castle Irwell Student Village
23mins 8mins/
2mins
7mins
5mins
7mins/10mins9mins
10mins
REGENERATION
Pendleton
Salford Crescent Train
20mins 5mins/
Bus Stop
1min
iQ Student Quarter88mins 2mins/
University Of Salford
UNIVERSITY
20 21
B6186
Broug
hton
Rd
A6
A6
Chapel St
A576
Churchill Way
A576
Langw
orthy R
d
Albert Park
GreenGrosvenor
Park
David LewisSports Ground
Peel Park
The Meadow
Riv
er Ir
wel
l
Trin
ity W
ay
Ring Road
A576
Bury N
ew R
d
Wat
erlo
o R
d
A6010
Mildred St
Broughton Rd E
Lond
on S
t
Grecian St
Albert Park Rd
Low
er Bro
ughto
n Rd
Seafo
ld R
d
Littleton Rd
Oak Rd
Gri�n St
Yew St
Mur
ray
St
Scovell St
Back H
ilton StB
owker St
Duncan St
Howe St
B6187
Bury N
ew R
d
A5066
CASTLE IRWELLSTUDENTVILLAGE
CHARLESTOWN
STRANGEWAYS
GREEN QUARTER
N.O.M.A
LOWER KERSAL
LOWERBROUGHTON
HIGHERBROUGHTON
CHEETWOOD
PENDLETON
WEASTE
LangworthyPark
ClarendonPark
A50
63
CROSSBANK1 bed: GBP146 - 149kavg: GBP260psf 2 bed: GBP164 - 182kavg: GBP258psf
266 LOWERBROUGHTON1 bed: GBP124 - 145kavg: GBP319psf 2 bed: GBP158kavg: GBP260psf
276 GREATCHEETHAM ST W2 bed: GBP190k
ST SIMON STREET1 bed: GBP195k2 bed: GBP245k
THE CRESCENT1 bed: GBP207 - 275kavg: GBP420psf 2 bed: GBP261 - 371kavg: GBP418psf
BRIDGES STREET2 bed: GBP315kavg: GBP437psf
SPRINGFIELDLANE1 bed: GBP225 - 245kavg: GBP424psf 2 bed: GBP327kavg: GBP409psf
COMPARABLES MAP
For more information, please speak to one of our consultants.
SecondaryPrimaryCrossbank
Computer generated images are intended for illustrative purposes only
22 23Computer generated images are intended for illustrative purposes only
24 25
SPECIFICATIONS-
KITCHENS & LIVING AREAS • Abbey Oak effect or similar hardwearing Kardene-like flooring to hall, kitchen, living areas • Oak Veneer doors with straight edge chrome handles throughout units • Brilliant white walls and skirts finish throughout living areas • Oak Timber or Quartz ‘Fine Grey’ 100mm worktops with white tile splashback • Whirlpool or equivalent appliances include stainless steel and glass integrated oven and microwave, electric hob, fully integrated fridge freezer unit, dishwasher, and washer dryer• Integrated Elica ceiling extractor • Stainless steel 600 mm sink with Franke Monoblock Tap • LED lighting underneath overhead cabinets
BATHROOMS • Vitra includes pan with top button flush, 1700mm bath (where applicable), 600mm basin with pedestal • Luxury porcelain 600mm x 600mm floor tiles, 600mm x 300mm wall tiles to full height behind bath and pan • Vanity unit and integrated socket • Vado, Polished chrome taps, shower head, and heated towel rails• Full sized luxury shower in en suites with white low-profile shower tray and light feature• Mirror above basin • Squared glass shower screen over baths
BEDROOMS • Ambient soft lighting design with additional reading lighting • Hardwearing deep beige or grey carpets to floors
HEATING • Electric Heating • Smoke / heat detectors installed throughout building in accordance with building regulations • Electric Radiators in all living and bedroom areas • Bespoke cupboard housing services and hot water cylinder in each apartment • Service access and metres located in service cupboards in communal areas • Extractor fans in bathrooms
LIGHTING • Low energy LED recessed chrome down lights throughout • Chrome light switches throughout • Chrome socket outlets at strategic locations• Infrared light sensors on communal corridors SECURITY • Door entry system with audio and master call station
AUDIO VISUAL • TV (digital and satellite) point to living rooms and bedrooms • Master satellite and terrestrial antennae • Service cabling will be provided from the master incoming BT distribution point to each apartment and a telephone connection point within the services cupboard
Computer generated images are intended for illustrative purposes only
SPECIFICATIONS SPECIFICATIONS
Whilst every effort has been made to ensure that the information provided is as accurate as possible, our specifications and CGIs are designed specifically as a guide only. IP Global and the developer reserve the right to amend the specifications as necessary without notice.
26 27
DEVELOPER
ROYAL CANAL WORKSMANCHESTER
43 units
POPWORKSMANCHESTER
28 units
Heatley Developments is a full-service construction company, general contractor, design-builder and
construction manager that believes in doing business properly. Assisting clients across the North of England,
Heatley Developments has a number of residential developments across Greater Manchester.
www.heatleydevelopments.com
CONTACTS
HONG KONG
T: +852 3965 9300
BEIJING
T: +86 10 5718 7666
SHANGHAI
T: +86 21 6032 1525
SINGAPORE
T: +65 6224 1992
DUBAI
T: +971 (0) 4 246 2600
JOHANNESBURG
T: +27 (0) 10 140 6578
LONDON
T: +44 (0) 203 696 9630
ABU DHABI
T: +971 (0) 56 942 5175
CAPE TOWN
T: +27 (0) 21 286 1476
E: [email protected] W: www.ipglobal-ltd.com
VIETNAM
T: +84 (0) 24 6256 7700
ISRAEL
T: +972 3 560 0901
MAURITIUS
T: +230 5255 1111
PORTUGAL
T: +351 214 659 600
28
DISCLAIMER
Please note: floor plans, prices and images are for information purposes only and are subject to change from time to time. Areas shown are approximate measurements.
You acknowledge that: (i) the information contained in this document and such other material issued in connection therewith (the “Content”) are provided for information purposes only and will not be regarded as advice on securities or collective investment schemes or other financial or investment advice; (ii) the Content is not intended for the purpose of advice, dealing or trading in securities or collective investment schemes; (iii) the Content may include certain information taken from property surveys, stock exchanges and other sources from around the world; (iv) the Content is provided on an “as is” basis and by way of a summary and we do not guarantee the accuracy, completeness, or timeliness of the Content; (v) the Content may be subject to the terms and conditions of other agreements to which we are a party; (vi) none of the information contained in the Content constitutes a solicitation, offer, opinion, or recommendation by us to buy or sell any security, or provision of legal, tax, accounting, or investment advice or services regarding the profitability or suitability of any security or investment; (vii) you should not rely on the Content as the sole means of making any investment decision relating thereto and you should seek professional, independent and specific advice on any such investment decision; (viii) the property market is volatile and illiquid and property prices and rental yields may fluctuate widely or be affected by a broad range of risk factors; (ix) all plans and specifications in the Content are intended as a guide only and are subject to such variations, modifications and amendments as may be required by the relevant authorities or the relevant developer’s consultants or architects; (x) all renderings and illustrations in the Content are artists’ impressions only and all measurements are approximate subject to final survey and confirmation; (xi) the Content is not intended for use by, or distribution to, any person or entity in any jurisdiction or country where such use or distribution would be contrary to law or regulation; and (xii) the Content has not been authorised or approved by the Securities and Futures Commission of Hong Kong or any regulatory body of competent authority whether in Hong Kong or elsewhere. Accordingly, you assume all responsibility and risk for reliance upon and the use of the Content and, we, our agents, directors, officers, employees, representatives, successors, and assigns expressly disclaim any and all responsibility for any direct or conse-quential loss or damage of any kind whatsoever arising directly or indirectly from: (i) the use of the Content, (ii) reliance on any information contained in the Content, (iii) any error, omission or inaccuracy in any such information including, without limitation, financial data, forecasts, analysis and trends, or (iv) any action or non-performance resulting from the foregoing. This exclusion clause shall take effect to the fullest extent permitted by applicable laws.
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IP Global is the trading name of IP Real Estate Investments Pte Ltd (CEA License Number: L3010023I) which is licensed under the Estate Agents Act 2010 of Singapore.
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