MediaCityUK's First Built to Rent Program opens up for tenants

... Credit : @pixabay
Shadrach   in Property & Land

Last updated: 03 February 2020, 09:20 GMT

Duet, MediaCityUKs first Build to Rent scheme, has opened its doors providing a luxury development of 270 residential apartments.

The new development, which spans across two 15-storey towers and features one, two and three-bedroom premium apartments, is situated during a prime waterfront location next to the Harbour City tram stop.

It represents the newest joint project from More (the BTR brand of personal equity fund manager Moorfield), developer Glenbrook Property and specialist rental operator Allsop, and follows the successful launch of Manchesters The Trilogy in 2018, which is now fully occupied.

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On offer exclusively to renters, residents are set to enjoy unrivalled facilities designed to deliver both convenience and a community feel.

Occupants will enjoy free access to an on-site gym and fitness centre, 24-hour concierge, communal podium garden with waterfront views, a co-working space and a residents lounge with a free cafe . there'll even be an exciting calendar of residents-only events, including Friday drinks and pet socials.

The apartments are available variety of trendy designs and are available either furnished or unfurnished, with inbuilt appliances, premium furniture packages and modern designs all on offer. Whats more, apartments placed above the seventh floor offer stunning views over the cityscape and beyond.

One of the fastest-growing property trends within the UK, Build to Rent aims to professionalise the rental experience with a versatile , tenant-friendly approach. There are typically luxury add-ons and amenities to supply a bespoke, hotel-style service to renters. In many cases, on-site staff services and dedicated tech-enabled management platforms are wont to make the method as seamless and digital-friendly as possible.

The most recent data from Savills and therefore the British Property Federation, with the latter tracking the progress of the world with its Build to Rent map, found that the amount of Build to Rent homes now in planning, under construction or completed has reached quite 150,000, with a 51% surge within the number of completed Build to Rent homes in key regional cities.

Salford and Manchester are two cities which have embraced Build to Rent quite most, with nearly 23,000 properties either completed or within the development pipeline second only to London.

Clippers Quay, The Anaconda Cut and therefore the Slate Yard, Legal & Generals first Build to Rent scheme when it opened in 2017, are just a few of the samples of projects launched in Salford in recent years, as MediaCityUK has increased the amount of young professionals moving to the town .

Salford has been undergoing a renaissance in recent years and is predicted to grow exponentially over subsequent decade, making it one among the most important business communities

Heiko Figge, head of operational asset management at Moorfield Group, said.

It was therefore the right location to settle on for our next project and were confident that busy professionals will enjoy our high-end, stress-free living option which is in both easy reach of the thriving MediaCityUK businessmen and fewer than a ten minute tram ride into the town centre.

He added

We know the demand for premium Build to Rent options in Manchester is there, our first More project Trilogy is now fully occupied after launching just last year, and were confident Duet will imitate.

Dougie Orton-Wade, head at Duet Salford Quays, said that Duet offers quite just a home. 

Through our shared communal facilities and calendar of events designed specifically for residents, were creating a community of like-minded professionals, who want more from their apartment than simply a roof over their heads.

he claimed.

Were confident within the location and accommodation offering - which can suit professionals seeking luxury accommodation with flexible lease terms and a close-knit community. the amount of enquiries weve already received shows just what proportion demand there's for this sort of accommodation within the city.

The new bespoke development of 270 luxury apartments, situated within the heart of Salford Quays and just a couple of minutes walk from MediaCityUK, offers strong transport links and straightforward access to central Manchester, also as being a part of a thriving city itself.

What is MediaCityUK?

The 200-acre mixed-used development on the banks of the Manchester shipway , which describes itself as a world hub for technology, innovation and creativity, is home to the BBC, ITV, Ericsson, dock10 and Kelloggs, also as quite 250 smaller media and digital businesses.

It plays host to office space, retail space, event venues, a tech hub, hotels, serviced apartments, leisure and sporting spaces, and various food and drink options from coffee shops and delis to restaurant chains, ale houses and stylish cocktail bars.

There is also Lightbox, a replacement 19-storey scheme featuring 238 apartments made from one, two and three-bed apartments, which are now available to shop for off-plan.

The development, a venture between Peel Land and Property Group and Legal & General Capital, is aimed heavily at millennials working within the media and tech sectors natural renters, in other words, who can also be seeking more luxury, all-in-one and bespoke rental experiences. The inclusion of free WiFi, cleaning, events calendars, concierge services, utilities and workspace in many Build to Rent developments could also be especially attractive to the present time-poor, tech-savvy demographic.

Construction began at MediaCItyUK in 2007, with the previous wasteland that when housed Manchesters docks transformed into one among the UKs major media and tech hubs. Outside of London, it's arguably the foremost powerful media centre within the country. This video produced by dock10 highlights the rollercoaster journey from working dock to piece of derelict land to thriving waterfront destination within the space of 5 approximately decades.

There are ambitious proposals to double the dimensions of the event by 2030, which were approved in September 2016, with an extra £1 billion of personal investment to return .

MediaCityUK really began to grow in influence and standing at the start of the last decade when the initial infrastructure completed. By January 2011, dock10 studios became operational and a couple of months later, in May 2011, the BBC began its move of three ,200 staff into three buildings. Later that year, the University of Salford opened its new media academy and in March 2013, ITV completed the move of 700 staff.

Salford, which is additionally home to the Lowry Arts Centre and features a deep reference to the world-renowned artist, has undergone significant regeneration in recent years and is seen as a key player within the governments long-talked of Northern Powerhouse Agenda, especially when it involves innovation and therefore the nurturing of digital skills for future generations.

Its rising status is probably best shown by it being one among the UKs top locations for startup growth. With this, and therefore the ongoing expansion of MediaCityUK, its hard to argue with the notion that Salford features a bright looking future.