Dynamic Netsoft A leader In Property management Software
Manchester's Growing Investment Opportunity
1. Huttons Asia Pte Ltd (License No: L3008899K)
Huttons International Pte Ltd (License No: L3008937I)
September 2014
MANCHESTER, UK
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UNITED KINGDOM & GREATER MANCHESTER
Greater Manchester is a Metropolitan County in North West England:
•Comprises 10 Metropolitan Boroughs
•Population: 2.7 million
•Area: 1,277 km² (1.7x of Singapore)
•From London: 1 Hr via Air / 2 Hrs via Train
GREATER MANCHESTER
LONDON
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ICONIC MANCHESTER CITY
Townhall
Manchester Library
Chinatown
Piccadily Gardens
Arndale Shopping Mall
Old Trafford Stadium
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CITY OF MANCHESTER
Manchester:Manchester is a City and Metropolitan Borough in Greater Manchester, UK's 2nd Most Populous Urban AreaArea (City):115.65 km² Population:514,417 (2013) Demonym:MancunianManchester Airport:3rd Largest in UK; handled more than 20.5 million passengers between 2012-2013; provide flight to around 200 destinations Tourism:Second Most Visited City in England (3rd Most Visited in UK after Edinburgh) Traveling from London:2 hours on Non-Stop High Speed Train from LondonConnectivity:- Excellent Transport Connection via Metrolink(largest Tram System in the UK) within Greater Manchester; - High Speed Train to/fro various County/Cities - London, Birmingham, Liverpool,etc; - Metrolink (Largest Tram System in UK) and Metroshuttle (Manchester's Free Bus Service) Innovations:FIRST Birth Place for World's First Stored-Program Computer, the World's First Transistorised and Fastest Computer in 1948 by Frederic Williams and Tom KilburnTallest Building:Beetham Tower - 47-Storey Mixed-Use Skyscraper. Completed in 2006. Stand at 168 metres, 11th Tallest Building in UK. Education:Reputable Universities in the City of Manchester: - The University of Manchester- Manchester Metropolitan University- The University of Law- Manchester Business School- Royal College of Music- University of Salford ManchesterSport:Well Known for being A City of Sport, it has TWO Premier League Football Clubs ̶ Manchester United and Manchester CityMedia City:MediaCityUK owned by The Peel Group is developed in Two Phases. First Phase was completed in 2011 with operators Peel Media, BBC, ITV Studios, ITV Granada & SIS.
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WHY MANCHESTER?
Best UK City to Live
- 2013
Europe’s Most Affordable City
- 2012
UK & Europe’s largest university campus.
Home to over 85,000 Domestic and International Students
45,000 New Jobs and Contribute more than 40% of GVA up to 2022
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MANCHESTER
•Highly-Diversified Economy based around Financial Services, Computing, Engineering, Research, Broadcasting and Communications
•Manchester, the only city in UK to offer next generation broadband with “fibre to the premises’ in a true open access network
•Manchester is at the forefront of developments around cloud computing with CISCO, Oracle, EMC and Outsourcery (UK’s leading provider for cloud computing solutions and mobile-centric Unified Communications) located there
•Excellent Transport Links by Road, Rail and Air. Extensive Bus Network outside London serving around 90 million passengers a year
•Direct Flight Service from the Far East
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2,400,000
2,450,000
2,500,000
2,550,000
2,600,000
2,650,000
2,700,000
2,750,000
2,800,000
2,850,000
2,900,000
2011
2013
2021
Projected Population Growth for Greater Manchester
PROJECTED POPULATION GROWTH
Source: Oxford Economics
2.85m
2.55m
2.70m
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GREATER MANCHESTER – THE OUTLOOK
(GMFM, 4-Dec-2013)
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MANCHESTER HOUSING MARKET
•30% housing supply shortfall
•Lack of usable space
•High yields in Manchester 6-7%
•Less than a quarter of the pricing point of London
•JLL most liquid market
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HOUSING MARKET PERFORMANCE
•85.1% increase in private renting, since 2006
•Rental market running at all time high occupancy levels of 96%
•Continued rental growth predicted by the RICS of at least 4% per annum (Source: Manchester Evening News, 16-Jan-14)
House Price Performance 2013
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BEST PERFORMING REGIONAL TOWNS/CITIES
Source: Nationwide Q4-13
Manchester outperform London as UK City with the Strongest House Price Growth in 2013
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FUTURE DRIVERS
•~ 30% Shortage of Housing Supply
•Prices are still approx 7% below 2007 peaks
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INVESTMENTS IN MANCHESTER
Largest Economy outside London with 65 of FTSE 100 Companies now based in Manchester
9th Lowest Taxed City of any Industralised City in the World
British Telecom invested
£575 million in digital communications programme
Media City UK (81 ha) is developed and owned by The Peel Group. First Phase of 15ha was completed in 2011. Total Investment Value is £50 billion.
Beijing Construction Engineering Group (BCEG) in JV to build £800m Airport City in Manchester
Chinese Premier, Li Keqiang Pledged £14b to build High Speed 2
21. Huttons Asia Pte Ltd (License No: L3008899K)
Huttons International Pte Ltd (License No: L3008937I)
Developer:
Marketing Agent:
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AN ICONIC INVESTMENT - AXIS
Developed by Property Alliance Group
An Iconic, 27-Storey Premier Residential Tower with 173 Luxury Apartments
Tallest Residential Building in Manchester
Completion: mid 2016
Tenure: 125 Year Leasehold
24-hrs Concierge Services
Standing Proudly in the Heart of Manchester
Clad in Reflective Metallic Bronze & Glass, the Tower changes colour throughout the Day and Night
Strategic Location:
•2 mins to CBD
•2 mins to University Learning corridor
•6 mins to Manchester’s central retail district
•6 mins to Media City, UK
•9 mins to Old Trafford (MU Stadium & Museum)
•15 mins to Manchester Airport
•18 mins to Trafford Centre
Comprising 1, 2 & 3 Beds Luxury Apartment and TWO Exclusive 360◦ Penthouse Apartments
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STRATEGIC LOCATION
Central Business District
Retail
(Arndale)
Chinatown
Spinning
Fields
(Future
Financial
Centre)
Residential
First Street (Connect Artistic Creativity with Business & Enterprise)
University
Learning
Corridor
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HIGH END SPECIFICATIONS
Designed by Award-Winning Architects:
5plus Architects
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EXCLUSIVE LIVING
Two Ultra Exclusive Penthouses in Manchester
Unrivalled View from Axis
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PRICING AND COMPARABLES
Pricing and Comparables
Axis: from £277 psf
Beetham Tower:
(Source: www.primelocation.com)
2 Bedroom flat @ £497k
761sf = £653 psf
2 Bedroom flat @ £310k
665sf = £466 psf
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PAYMENT SCHEDULE
PAYMENT STAGEPAYMENTBookingReservation Fee: £2,000Within 21 Days10% less Reservation Fee6 months upon Exchange of Contract (Dec-14/Jan-15) 2nd Payment : 10% of Purchase PriceUpon Completion(May 2016) Remaining Cash Payment + Bank Loan Disbursement
33. Huttons Asia Pte Ltd (License No: L3008899K)
Huttons International Pte Ltd (License No: L3008937I)
Disclaimer:
The contents in the Property Talk are for general information only. Although high standards have been used for the preparation of the information, analysis, views and projections presented in this talk, no legal responsibility can be accepted by Huttons International Pte Ltd for any loss or damage resultant from the contents of this talk. As general information, the contents do not necessarily represent the views of Huttons International in relation to particular developers, projects or properties.
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