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Page 1: SUPPLY AND DEMAND 14 - Home | Holborn Assets Property...direct public transport links to Manchester's city centre, ... • Oak Timber or Quartz ‘Fine Grey’ 100mm worktops with
Page 2: SUPPLY AND DEMAND 14 - Home | Holborn Assets Property...direct public transport links to Manchester's city centre, ... • Oak Timber or Quartz ‘Fine Grey’ 100mm worktops with

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

Page 3: SUPPLY AND DEMAND 14 - Home | Holborn Assets Property...direct public transport links to Manchester's city centre, ... • Oak Timber or Quartz ‘Fine Grey’ 100mm worktops with

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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%

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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

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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.

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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

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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

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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

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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.

Page 10: SUPPLY AND DEMAND 14 - Home | Holborn Assets Property...direct public transport links to Manchester's city centre, ... • Oak Timber or Quartz ‘Fine Grey’ 100mm worktops with

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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

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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

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22 23Computer generated images are intended for illustrative purposes only

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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.

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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

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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.

PROFESSIONAL ADVICE Any statement contained in the Content is made on a general basis and we have not given any consideration to nor have we made any investigation of the investment objective, financial situation or particular need of any user or reader, any specific person or group of persons. You are advised to make your own assessment of the relevance, accuracy and adequacy of the information contained in the Content and conduct independent investigations as may be necessary or appropriate for the purpose of such as-sessment including the investment risks involved. You should consult an appropriate professional advisor for legal, tax, accounting, or investment advice specific to your situation, as to whether any governmental or other consents are required or if any formalities should be observed for the purposes of making such investments as are mentioned in the Content. If you are unsure about the meaning of any of the information contained in the Content, please consult your financial or other professional advisor.

THIRD PARTY REFERENCES References to third party publications are provided for your information only. The content of these publications are issued by third parties. As such, we are not responsible for the accuracy of information contained in those publications, nor shall we be held liable for any loss or damage arising from or related to their use.

IP Global Limited (IP Global) is registered in Hong Kong under company number 998503 and have our registered office at Har-court House, 39 Gloucester Road, Suites 601-6, 6th Floor, Wan Chai, Hong Kong. We and our representatives only work in relation to real estate located outside Hong Kong. Neither IP Global nor its representatives is (or is required to be) licensed under the Estate Agents Ordinance (Cap. 511 of the Laws of Hong Kong) to deal with Hong Kong real estate. Neither IP Global nor its representatives hold them out to perform any regulated activities in Hong Kong under the corporate brand of IP Global such as advising on dealing or advising on securities or providing asset management services or any other incidental regulated activities. In case IP Global representatives are assigned to perform business activities that might trigger licensing requirement, they will do so under the regulated license(s) of IP Global’s affiliates granted under the Securities and Fu-tures Commission and/or other regulators in Hong Kong or elsewhere. Under such circumstances, they will operate under the ambit of the Securities and Futures Ordinance (Cap. 571 of the Laws of Hong Kong) and apply relevant license(s) accordingly to perform those regulated activities on a legitimate basis.

IP Real Estate Investments Pte. Ltd. is licensed under the Estate Agents Act 2010 of Singapore. Neither IP Real Estate Investments Pte. Ltd. nor its representatives engages in activities such as dealing or advising on securities or providing asset management services. Therefore, neither IP Real Estate Investments Pte. Ltd. nor its representatives are (or are required to be) licensed under the Securities and Futures Act (Cap. 289 of the laws of Singapore).

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.

The full text of our disclaimer is set out in and accessible at www.ipglobal-ltd.com/terms-conditions.

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