Starts on site top 7,000


Latest data from Manchester City Council’s research team show there are more than 7,000 new homes currently under construction across the city.

The vast majority of those, 4,954 are on 28 different sites within the city centre.

This rise in the construction pipeline follows eight years of stagnation that has led to an undersupply of homes and an increase in rents as demand surpassed supply.

Manchester Place chief executive Paul Beardmore, said: “Pent up demand has taken the city centre void rate to an unprecedented 0.4% and for the first time in memory we have seen occupation rates rising – suggesting a significant rise in sharers.”

The city centre population is expected to increase on average by 5.5% a year growing from a current 54,000 to 80,000 by 2024 – another 26,000 people in just seven years.

The pro-active measures have seen in increase in the delivery of new homes in the city centre with the number of completions tripling since 2015.

2015/16 – 524 units – 11 sites

2016/17 – 554 units – 6 sites

2017/18* – 1,788 units – 17 sites

2018/19* – 3,762 units – 36 sites

*forecast city centre residential completions

Paul added: “Our known and forecast population growth explains why we are so confident about demand – especially at the higher value end of the rental market where we are seeing a consistent undersupply.

“An undersupply too in the owner-occupier market where we are seeing unprecedented demand.

“Building a quality product for sale and rent will unlock demand and crucially retain residents who at the moment are often forced to leave the city to find the right accommodation.

“Interestingly we forsee the lower, entry level apartment market to be fully absorbed by 2020.”



MP Population increase






MP Housing demand and supply

MIPIM 2017


Manchester Place will be attending MIPIM 2017 14-17 March as part of Manchester’s high profile delegation to the four-day international property fair.
MIPIM logo

Chief Executive Paul Beardmore will be giving an update on the current pipeline of housing and the need to create more high quality neighbourhoods of choice across the city to meet continued demand.

The Wednesday morning stand session in the new Manchester Pavilion is part of a full programme of events and discussions organised by Marketing Manchester.

On Tuesday the City Investment Forum in the Grand Auditorium will examine Manchester City Council’s approach to urban reinvestment through its ground-breaking partnership with The Abu Dhabi United Group.

On the panel will be Marty Edelman, executive chairman of Manchester Life Development Company; Sir Edward Lister, chair of the Homes and Communities Agency; Professor Greg Clark, CBE, Global City Adviser and Manchester chief executive Sir Howard Bernstein.

The full schedule is here:


Magnificent Manchester


slide31Marketing Manchester showcased some stunning new photography of the city region at MIPIMUK.

Its good to share so we thought we would post them here so you can see why Manchester continues to be the fastest growing city in the UK with world class facilities and solid investment.





HCA chairman rally cry


Homes and Communities Agency chairman Sir Edward Lister gave a rally cry for house building on a visit to Manchester.

Surveying the city from the vantage point of Cloud 23 at the Hilton Hotel he told a gathering of the region’s developers: “We have the land, we have the money and we have the planning will. We now need you to play your part.

“Manchester and the North West region is doing great things to help deliver our target of new home numbers but we can still do more.”

He was in the city to bid farewell to head of area Deborah McLaughlin, who is leaving the HCA for a role in the private sector. The former chief executive of Manchester Place, she will also step down from her current role as vice-chair of the partnership.

Sir Edward said: “I have visited Manchester and the wider region five times since taking up my role in June and the pace of change is impressive. “

Danielle Gillespie, current Head of Strategy, Programme & Performance will pick up the head of area role until the results of the HCA review are known next year.

Greater Manchester has a devolved Housing Fund of £300m to help finance residential development across the region.

Advice on applying can be found here:

Details of the Government’s Home Building Fund can be found here:




How the Greater Manchester Housing Fund Is Helping Development


The Greater Manchester Housing Fund is supporting the conversion of a Grade II listed church and the development of 14 new build family homes in Hyde.

Manchester based developer Nook and Key approached the Fund after seeing a banner on a site in Manchester city centre.

Director Ross Gardner said: “We actually had our finances lined up with about seven offers from different institutions and were all set to go but after seeing the banner for the GM Fund we arranged to meet the team and we are really happy we did.”

The Fund agreed a £2.5m loan with an additional £1.1m from the Homes and Communities Agency.

The monies represent 85% of the development costs of the scheme and Ross added: “The fees are comparable to institutional lending but more crucially the amount allows us to free up our own equity and look at other sites and more schemes.

“It is a partnership and makes us as a small business a more attractive and safer proposition. It opens up avenues for other private investors and allows us to grow faster.”

The Church, St Stephens in Floweryfields, will be converted into 16 large one and two bedroom apartments in a scheme designed by Millson Asociates. All the apartments and the three and four bedroom houses will be for sale.

Full planning permission and listed buildings consent was granted by Tameside Council and work is due to start this month. The new build and the conversion will both start at the same time.

The company’s previous development is Heathfields in Salford, which is now sold out.

Director Mike Hampson said: “We have discovered that there is a lot of added value working with the fund rather than with a bank. We have received a huge level of support, not just financial but with the strategic positioning of the company and we were introduced to Manchester Place that may lead to more opportunities going forward.

“The Fund Team came out to see what we do. The quality we want to achieve and the mix of properties we will create in Hyde. Unlike a bank the Fund has the same goal as us – we want to build more houses. All our ambitions aligned.”

The 10-year GM Housing Fund has £300m to loan to viable housing schemes across combined authority area and the team is keen to hear from small and medium sized developers to see how construction can be accelerated.

More than £100m of loan funding has already been agreed but Fund manager Andrew Macintosh said: “We would encourage developers of all sizes to come and speak to us. Nook and Key are a perfect example of how working together we can get a wide range of housing get on-site and building more quickly.”

Two other loans were also agreed in the latest round: £10m to Waterside Places for 89 apartments and 12 townhouses at Islington Wharf and £6.9m to Azar Estates to build 24 houses on a site in Northenden Road, Sale.

You can find more details on this website under Funding or ring and speak to Martin Ewell on 07773 572703















New plans for Moss Side


A large-scale residential scheme for 258 new homes on the former Stagecoach site at Moss Side has been submitted for planning.

The cleared six-acre site fronts Princess Parkway and neighbours the successful Bowes Street regeneration area.

The proposal is from Rowlinsons Constructions, which won the bid for the site, with Buttress Architects designing two and three storey modern terraces of 54 family homes, alongside 204 one to three bedroom apartments, 72 of which will be for retirement living.

Plans for a community health hub have also been lodged as part of the planning application.

David Chilton, Director of Development at Rowlinsons Constructions, said: “By increasing the choice of housing in the area we are also aiming to cater to the needs of Manchester’s growing population by encouraging more families to settle in Moss Side.”

The site was marketed through Manchester Place and chief executive Paul Beardmore said: “It is good to see plans come forward for this key site and the new homes will help meet demand and support the on-going regeneration of the area.”


Street elevation


Busting the capacity myth


House building in Manchester is at its highest rate for six years with 9,000 new homes expected to complete by the end of 2018/19.

But just released data reveals that a continued increase in population, coupled with years of under supply means even the current building boom will fail to meet demand.

And while by 2019 the pipeline comes closer to fulfilling rental and buyer demand the city will remain consistently under supplied by more than 2,000 units a year – more than 1,000 of those needed in the city centre alone.

Manchester Place chief executive Paul Beardmore presented the analysis of the current housing boom pipeline and the long-term demand during a Business Showcase session at MIPIMUK .

He said: “While we are currently seeing large scale residential development, primarily in the city centre, we are a long way from being at capacity.

“All the forward looking data indicates that Manchester will continue to have a shortfall of housing and we need to ensure a steady supply chain for decades to come to support continued economic growth.

“What we have at the moment is chronic under-supply and when the developments currently under construction come to market they will simply mop up this latent demand.”

And the data shows that while entry-level stock could be absorbed by 2020 the need for mid range and premium stock will continue to be un-met up to 2024 and beyond.


Paul added: “It is very clear both from the research and from seeing the market first hand that there is pent up demand from both owner occupiers looking for high quality homes in the city to purchase and from renters looking for a quality rental product.


“There is an opportunity to expand the city centre market into surrounding areas such as the Irk Valley, Holt Town and Lower Medlock to accommodate quality homes for sale and rent.”


The full presentation can be downloaded here:mipim-uk-final




Three new developments secure funding


Three residential schemes have secured loan funding from the Greater Manchester Housing Investment Fund.

The recoverable investment of £18.2m will help deliver 150 new homes on sites in Hyde, Sale and Manchester city centre.

The loans were approved by Greater Manchester Combined Authority and planning and housing lead Cllr Richard Farnell, said: “Investment in new housing is investment in Greater Manchester’s economy, providing much-needed quality housing for our residents and workers while supporting local house builders.

“The Greater Manchester Housing Fund has provided us with the tools to kickstart new developments, with more than £100m now committed. We’re pleased to be able to support these three schemes, highlighting the importance of taking decisions locally for the benefit of local people.”

The schemes in detail:

  • £2.5m to Nook and Key Ltd for the refurbishment of St Stephen’s Church in Hyde to create 16 apartments and build a further 14 houses on the surrounding site.
  • £6.9m to Azar Estates Ltd to build 24 houses on a site at  Northenden Road, Sale.
  • £10m to Waterside Places for 89 apartments and 12 townhouses at Islington Wharf, Manchester.

The Greater Manchester Housing Fund was established as part of Greater Manchester’s devolution deal to support developers in delivering new homes across the city region. The Housing Fund has already committed more than £100m in housing projects across Trafford, Oldham, Manchester, Bury and Salford

If you think the Fund could help your housing project get off the ground please get in touch for informal guidance and advice.

Contact – Martin Ewell on 0161 234 4061 / 07773 572703 or e-mail

Revised Blueprints for Key Growth Areas


Updated development guidelines have been drafted for Ancoats and New Islington together with neighbouring New Cross to give clearer guidance on Manchester’s long-term ambitions for the areas and to guide planning decisions.

The refreshed guidelines were agreed by Manchester City Council Executive in July and are now open for public consultation.

Ancoats and New Islington has seen increased developer interest since the last framework was approved in 2014 with regeneration expanding to northern parts of Ancoats and along the Ashton Canal/Pollard Street corridor.

The Draft Neighbourhood Development Framework sets out the long-term ambitions for the area as a high quality, sustainable and distinctive residential area that will support future residential growth as part of the planned expansion of the city centre in the next 10 to 15 years.

New Cross spans an area on the city’s northeastern edge bounded by Swan Street; Livesey Street; Rochdale Road and Bromley Street; and Oldham Road. The new framework will provide clear development principles within this area to ensure high quality new development, ensure that opportunities for residential and commercial development are maximised and guide how regeneration would progress.

Local businesses and stakeholders are being asked to comment and a public drop in session is being held at St Michael’s Church, Ancoats, from 2pm to 7pm on Thursday 29 September 2016.

Specific questions and comments can be sent to the city council’s strategic development team:










Manchester Place will be part of the Liverpool Manchester Partnership at MIPIMUK next month. (Oct 19th -21st)

The property exhibition and conference is a useful platform to hold conversations with developers and investors and a place to learn more about how high quality housing is being delivered across the UK

As part of the Business Showcase sessions Manchester Place chief executive Paul Beardmore will be revealing the latest residential supply and demand data for Manchester on Thursday October 20th.

‘Manchester Residential – Busting The Capacity Myth’ will give an in-depth appraisal of the city’s housing market, current demand and future opportunities followed by an audience Q and A session.

If you would like to schedule a private meeting with Paul during MIPIMUK please e-mail: