FiftySixty consists of just 44, one-and two-bedroom apartments located in the Jewellery Quarter, Birmingham’s most sought-after residential district just a stone’s throw from the vibrant St Paul’s Square.
FiftySixty will benefit from an enviable and superior specification inside and out. The kitchens in each apartment will have German engineered matt handleless kitchens with reconstituted stone worktops with stylish tiles. The clever J-Pull design makes handleless doors easy to open and close, ensuring a clean run of units with a simple style that will always be on trend.
Birmingham is a city with its sights set firmly on the future. The Big City Plan, which aims to expand the size of the city’s core by 25%, is contributing £2.1 billion to the economy each year. In addition to the five areas covered by the masterplan, the arrival of the HS2 rail network in Birmingham will result in some exciting opportunities.
Construction of the London to Birmingham HS2 network will reduce the journey time between the two cities to a mere 49 minutes, and its economic impact is already being felt. An independent research report from 2019 estimated that the implementation of HS2 could lead to 26,000 new jobs in the Birmingham/Solihull area, an average gross value-added increase of £780 per worker and a £4 billion increase in annual economic output.
The Developer – Factory Estates
Factory Estates is a Manchester based residential development company established in 2013 by Chris Bowman, Naushad Islam & John Haynes. By 2020, the company had developed in excess of 700 dwellings to a value in excess of £140m in a variety of schemes. Including high value market leading houses, renovated former offices and brand-new large apartment blocks.
Regent Plaza is located between Manchester City Centre and Salford Media City at Salford Quays. The site has the Chapel Street corridor to the north and Salford Quays to the South West.
Regent Road is the linking arterial route between the Mancunian Way running around the southern half of Manchester City Centre and the M62, with transport links west to Warrington and Liverpool.
Bus Stop – 1 min walk
Deansgate Station – 18min walk / 5 min drive
University of Salford – 15 min walk / 3 min cycle
Media City – 10 min cycle / 6 min drive
Manchester City Centre – 10 min cycle / 6 min drive
Spinningfields – 20min walk / 6min drive
From its rich industrial past Manchester has diversified to become the beating heart of the Northern Powerhouse. Out of the six cities within the Northern Powerhouse scheme, Manchester recorded the highest growth in GVA per head at 6.8% since the inception of the initiative. It also boasts the highest number of development plans, with £78 million in funding earmarked for culture and leisure projects in the city.
The city is well-connected with the UK as well as internationally and is regarded as a vital transport hub for the north of England. A GBP1 billion investment by Manchester Airports Group and Beijing Construction Engineering Group to expand Manchester airport will further boost the city’s appeal and accessibility.
These development plans, along with growing industries and world-renowned education and digital sectors, is encouraging a growing population. The population of Manchester’s city centre grew approximately 10% from 2014 to 2017 and is projected to grow by a further 10.6% between 2017 and 2026. Employment growth in Manchester is expected to exceed that of many international capitals, including Paris, Berlin and Tokyo, according to predictions by Oxford University economists. It is anticipated that 55,000 new jobs will be created before 2025, adding GBP19 billion Total Gross Value in the economy by 2030.
Properties in Manchester are selling fast and prices are rising rapidly. The average house price in Manchester grew by 19% from Q1 2016 to Q2 2019, demonstrating continued growth despite political uncertainty. Manchester’s rapid growth is expected to continue, with a growth forecast of 15.9% projected from 2019 – 2023.
Rental rates are also increasing, with rents forecast to increase 16.5% between 2019-2023. This is due in part to the city’s rapidly growing number of young professionals, new graduates and students flocking to the city. This community’s demand for housing, and particularly new-build modern housing, is putting upward pressure on rents. Manchester is struggling to keep pace with the growing demand for housing. While Manchester City Council has stated they aim to build a minimum of 2,500 new homes annually until 2025, it appears that supply in the city will be unlikely to catch up with demand for several decades.
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