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New collection of canal-side living in Castlefield of interest to Singapore investors
SINGAPORE, 30 August, 2017 – Lendlease has launched the final and highly anticipated phase of Potato Wharf, situated in the heart of Manchester’s historic Castlefield district. The new collection introduces 191 new one and two-bedroom apartments in an architecturally rich, canal-side setting, presenting a rare opportunity to buy in the UK’s second largest city.
JLL has been appointed sole marketing agents on this scheme as Singapore real estate investors are considering property in the UK, as they look further out of London for stronger returns. Greater Manchester, in particular, is attracting investors’ attention, according to Karen Williamson, Associate Director in JLL’s EMEA Research team, due to its good quality real estate stock and cheaper pricing compared to other EMEA markets. According to JLL’s residential research piece, Why Manchester (Autumn 2017), capital growth forecast for 2017 to 2021 is 28.2% - the highest in the UK. Rental growth forecast for 2017 to 2021 is 20.5%.
Potato Wharf is surrounded by the Castlefield conservation area, featuring Victorian infrastructure and Roman ruins alongside characterful warehouse architecture lining the iconic canal ways. Renowned for its appealing village atmosphere in the heart of the city, the district boasts a host of Manchester’s celebrated museums, galleries and cultural sites, including the Museum of Science and Industry and the Castlefield Urban Heritage Park next door.
Potato Wharf is one of the best connected new developments in the city, located close to Deansgate-Castlefield Metrolink stop, from which residents can reach Manchester Piccadilly train station in 11 minutes. Meanwhile, Manchester Oxford Road lies a 20-minute walk away, connecting to Manchester Airport in under 25 minutes.
Richard Cook, Head of Residential at Lendlease, comments: "We are thrilled to be returning to Manchester with our Potato Wharf development, providing residents with a rare opportunity to buy high-quality new build homes in a central city location. Castlefield is a special place, combining an intimate village feel and iconic canal-side living with the excitement and convenience of a major city. It is packed with architectural heritage, fantastic culture, and exceptional venues to eat and drink – all on the doorstep of Potato Wharf.”
Prices for a one-bedroom apartment start from GBP198,000. The collection is expected to complete spring/summer 2019. For more information, or to book an appointment to visit the marketing suite, contact +65 6494 3556 or visit www.jllresidential.com/sg/ips.
JLL Residential Report: Why Manchester? Key Facts & Figures Autumn 2017
JLL Residential Report: Manchester – August 2017
+65 6494 3556