Details: Created: 29 June 2016

The £1bn scheme would create 5,000 jobs through building plush homes and business space near to the Trafford Centre

Bosses of a planned £1bn development say locals have reacted positively to their vision.

The M.E.N. told how Peel Land & Property wanted to create the Trafford Waters scheme on the banks of the Manchester Ship Canal, in a move it is hoped will create 5,000 jobs.

Readers expressed concerns about heightened traffic congestion and the suitability of the planned homes for families.

But Peel has dubbed a public exhibition to showcase the vision, at the Venus Building, off Trafford Boulevard, a success, with 169 people having turned out.

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James Whittaker, development director at Peel Land & Property, said: “We are delighted that so many people took the time to learn about our plans for Trafford Waters, and that many of them share our enthusiasm for the scheme.

“We were pleased to have the opportunity to explain our vision for providing high-density urban living, including for families, in an attractive setting with lots of green space,

something not currently available in Greater Manchester.

“We will now be carefully reviewing the feedback to ensure that our planning application addresses any points people have raised.”

Trafford Waters will combine up to 3,000 apartments with around 875,000 sq ft of business space, including offices, small-scale retail, leisure and community uses.

Green corridors and waterways would throughout the site, which is next to the intu Trafford Centre and Trafford Leisure Village

It would be linked to the mall by a green bridge, according to Peel.

A planning application will be submitted to Trafford council shortly and it is expected to be determined in the summer.

More information can be found by visiting traffordwaters.co.uk or by calling the Freephone project information line on 0800 298 7040.

Details: Created: 29 June 2016

Three 12 storey blocks, once known as Chippenham, Saltford and Rodney Court, have been empty for over 15 years but are soon to be launched collectively as ‘Tribe’

Tribe apartments

Almost 200 boutique apartments will be built following the renovation of three buildings in east Manchester’s Ancoats and New Islington districts.

The three 12 storey blocks, formerly known as Chippenham, Saltford and Rodney Court, have been empty for over 15 years but are soon to be launched collectively as ‘Tribe’.

When ready there will be 192 spacious one and two bedroom boutique-style apartments available for private rent.

Bosses behind the scheme said Tribe has been inspired by the slick European and US style of residential block managed apartments in New York and Paris.

The Homes and Communities Agency (HCA) has thrown £7.9m at the project, through a Build To Rent loan.

Manchester council, Tribe Apartments Limited and Rowlinson Constructions, are also involved in Tribe along with Manchester-based architects, Pozzoni.

Nigel Rawlings, of Tribe Apartments Limited, said: “Our aim is to elevate and set the bar in the private rent market in Manchester.

“Renting in many other European cities and US cities is a positive, desirable lifestyle choice, because for years the service offering has been top-notch.”

He added: “Tribe customers will enjoy high quality homes, offering as standard many desirable high-end design features which you’d normally associate with much pricier, luxury apartments. Our aim is to deliver a friendly, hassle-free and reliable service, which makes life easier for our customers.

“From the first viewing, right through to signing your contract and moving in, our dedicated management team will be on hand to make life as easy and simple as possible. There will be no small print or unpleasant surprises after you’ve moved in. What you see is what you’ll get. And what you’ll get will be fantastic.”

Ancoats, Manchester, continues to be transformed

Build to Rent offers finance for private rent schemes which meet the need for good quality, large-scale developments in the private rent sector.

The remaining funds for Tribe were secured through institutional investments managed by Cabot Square Capital.

Keith Maddin, of Cabot Square Capital added: “We’re delighted to be involved in what is a first of its kind Build To Rent residential project in Manchester.

“Tribe is an important part of the wider regeneration of the whole area, which will help create better communities, jobs and greater affluence for local people.

“We believe this model will provide a blueprint for the future of private renting in the UK.”

Marie Hodgson, Head of Area for Greater Manchester at the HCA, said: “The burgeoning city fringe has become one of the most exciting and fastest growing areas of Manchester in recent years, and is a key location in the context of the HCA and Manchester City Council’s Manchester Place initiative.

“The transformation of the Tribe buildings marks the next major step for the area’s residential growth, providing workers, young families and graduates, among others, a vibrant, affordable place to rent on the doorstep of the city centre.”

Bosses behind the project said all 192 apartments are owned by a single landlord, and managed in partnership with one management company Plumlife.

Rents will range from £500 – £725 pcm for a one bedroom apartment. Two bedroom apartments will start from £725 – £900 pcm.

Details: Created: 19 February 2016

Tens of thousands of first-time buyers are set to benefit from a £26m windfall for affordable homes.

Communities Secretary Greg Clark announced the cash boost as he visited Manchester. It is part of the government’s national Starter Homes initiative.

The cash will support architects, councils, housing associations and developers in creating a new range of homes aimed at first-time buyers.

It will be used to acquire brownfield sites for new houses, with cash from the sales of these sites going back to the public purse.

The government is a providing an additional £10m for local councils to prepare more brownfield sites for development.

It is part of the government’s pledge to build 200,000 starter homes by 2020.

Mr Clark was visiting The Point at New Islington and Louisa Street in Openshaw to see how developers are using new designs to attract young buyers.

Greg Clark said: “This competitive fund will build homes that will clearly show the wide range of new properties that will be available to first-time buyers as they take their first step on the housing ladder.

“We are also helping bring back into use more brownfield land for development – keeping the country building and delivering the homes our communities need.”

The government says house building is a key part of its long-term economic plan, with almost 800,000 extra homes already delivered since the end of 2009.

It says its new Housing Bill and proposed national planning policy changes will ensure hundreds of thousands of starter homes will be built.

It plans to bring forward proposals to ensure that every reasonably-sized housing site includes a proportion of starter homes.

Starter homes will be offered exclusively to first-time buyers aged under 40 with a discount of 20 per cent on market values.

Housing Minister Brandon Lewis said: “Helping young people achieve their dream of home ownership is a real priority for this government. We’ve already helped more than 100,000 households buy a home through our ground-breaking Help to Buy scheme and Starter Homes are another game-changer.

“This fund will help kick-start that change and show young people across the country the quality they can expect when they buy a starter home.”

Details: Created: 21 February 2016

Chancellor George Osborne has announced that mortgage interest tax relief for buy-to-let homebuyers are to be restricted to basic rate of income tax, currently 20 per cent.

He says the measure, which will address “unfairnesses in property taxation”, will be phased out “gradually” from 2017.

“Buy-to-let landlords have a huge advantage in the market as they can offset their mortgage interest payments against their income, whereas homebuyers cannot. And the better-off the landlord, the more tax relief they get. For the wealthiest, every pound of mortgage interest costs they incur, they get 45p back from the taxpayer” Osborne told MPs.

“All this has contributed to the rapid growth in buy-to-let properties, which now account for over 15 per cent of new mortgages, something the Bank of England warned us last week could pose a risk to our financial stability. So we will act – but we will act in a proportionate and gradual way, because I know that many hardworking people who’ve saved and invested in property depend on the rental income they get” he said.

This is only one of a number of property-related measures introduced by Osborne in the Budget, but undoubtedly the most controversial.

“This a major blow to a sector that is heavily reliant on private investors and who provide a crucial supply of property to the private rental sector” says Nick Leeming, chief executive of Jackson Stops & Staff.

“We were disappointed to hear of the reduction in tax breaks for buy to let investors as this will discourage new landlords from entering the sector and will result in a lack of stock. This will inevitably lead to higher rents as at the end of the day landlords are business people and will need to compensate for this” says Glynis Frew, managing director of Hunters Property Group.

However, some market analysts feared worse. “There had been fears among landlords that relief on mortgage interest payments for buy-to-let landlords would be completely abolished so while the changes will hit higher-rate taxpayers – retaining mortgage interest relief but restricting it to basic rate tax – it is not as bad as it might have been” says Adrian Anderson of property finance specialists Anderson Harris.

Short-lets – including by those undertaken by Airbnb-style amateur landlords – received a boost because the Chancellor also announced that after 18 years the Rent-A-Room tax-free earnings limit would rise from £4,250 to £7,500 per year.

Details: Created: 16 February 2016

Around 500 jobs will be created through the opening of a Manchester office by property developer Scarborough Group International.

The firm is behind the £30m Hot Box development, in the New Islington area of the city. It will see 144 new homes built.

The firm has also secured planning for its Middlewood Locks project, which will see 2,000 homes and a 750,000 sq ft mixed use scheme created.

The jobs being created include a construction team based on the Hat Box site, a sales team in a new show apartment, opening later this summer, as well as a wider team in its new Manchester office, in Castlefield.

Leading the residential sales team is Scarborough’s sales and marketing director Nicola Wallis. She said: “The Hat Box will provide 144 fantastic new homes adjacent to Milliners Wharf, in the popular residential area of New Islington, creating around 500 jobs for the local area.

“The apartments will be light, airy, and spacious, completed to a high specification and most will have a balcony or private terrace. The Hat Box will have excellent facilities including a sky garden, secure parking and bicycle stores and is ideally located close to the Metrolink and within walking distance of the city centre.

“We have been overwhelmed by the level of sales enquiries we have received to date and we are really looking forward to launching our new show apartment this summer when the apartments will be available for sale.”

Simon McCabe, managing director of Scarborough, said: “We are thrilled to be delivering this high-quality, residential scheme in one of the UK’s most vibrant, cosmopolitan and progressive cities. By launching a Scarborough office in Manchester and with a development pipeline of £700m, we’ve demonstrated our commitment to deliver new homes in a dynamic city where there is strong demand for good quality housing.”

The Hat Box is being developed by Scarborough and its joint-venture partners Top Spring International Holdings, a Hong Kong-listed real estate developer in China, and Metro Holdings, a Singapore-listed property development and investment group. Together the group has formed a JV company called Fair Briar International.

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