Manhattan-inspired Salford development a hit with overseas investors

Manhattan-inspired Salford development a hit with overseas investors


Todays other news
Transactions are down on a year earlier and values continuing...
Enness Global analysed Google search trend data across the UK...
Set on a 3.13 acre site, the former food manufacturing...
Two reports paint a pessimistic analysis of the Prime Central...


A recently-completed £85 million development in Salford has been a huge success with overseas property investors.

Downtown, six interlinked apartment blocks inspired by Manhattan in New York, was developed by the McGoff Group and has been completed 14 months ahead of schedule.

The 374-apartment development sits on the banks of the River Irwell and comprises a range of one, two and three-bedroom apartments.

All apartments were sold off-plan, with sales secured in Hong Kong, Singapore and Dubai through Alliance Property.

McGoff reports that a number of apartments were also snapped up by UK investors and locals keen to reside at the new development, located on Woden Street in the centre of Salford.

The apartments were designed by Leach Rhodes Walker Architects and built by the construction arm of the McGoff Group, alongside partners Heyrod Construction and HE Simm.

Phase one of Downtown (164 apartments) completed in April 2019. Completions for Phase two are now underway for the remaining 210 apartments, with Manchester law firms Fieldfisher and Beyond Corporate both involved in the transactions.

“Downtown has been an incredible success story for the Group, both in terms sales and the faster than anticipated build programme,” says Paul Danks, group sales director at the McGoff Group.

“We are very much looking forward to our continued involvement in the residential asset management of this exciting building, ensuring our residents truly enjoy their stay at Downtown.”

The development’s apartments have floor to ceiling windows, offering ‘outstanding views’ and a contemporary open-plan layout. Some units come with private terraces, while all apartments provide ultrafast full fibre broadband from the 4th Utility.

Purchasers will also benefit from a range of high-end hotel-style services, including a 24-hour concierge, gym, thermal suite, media room, private dining area and business centre.

There is also Undercroft parking, landscaped grounds, a residents’ roof garden and terraces.

The McGoff Group says that with more people set to work from home than ever before as a result of the coronavirus pandemic, such facilities are ‘very much in demand by discerning residents’.

Due to the success of sales at Downtown, the McGoff Group has established Downtown Asset Management (DAM) to oversee building management, lettings and property management, plus other services such as bespoke furniture packs.

Share this article ...

Join the conversation: Login and have your say

Want to comment on this story? Our focus is on providing a platform for you to share your insights and views and we welcome contributions. All comments are screened using specialist software and may be reviewed by our editorial team before publication. Property Investor Today reserves the right to edit, withhold or delete comments that violate our guidelines, including those that harass, degrade, or intimidate others. Users who post such content may be banned from commenting.
By commenting, you agree to our Commenting Terms of Use.
Recommended for you
Related Articles
Set on a 3.13 acre site, the former food manufacturing...
Enness Global analysed Google search trend data across the UK...
There are huge differences between local council decisions and speed...
Savills has appointed four new residential sales specialists...
Anthony Joshua, has secured Oman’s most expensive luxury penthouse....
Zoopla expects average UK house prices to increase by 1.5...
Income tax for landlords will rise by 2% across the...
Recommended for you
Latest Features
Transactions are down on a year earlier and values continuing...
Set on a 3.13 acre site, the former food manufacturing...
Sponsored Content

Send to a friend

In order to send this article to a friend you must first login. Click on the button below to login or sign up.