A record number of residential projects got under way in Manchester city centre last year, data has revealed.
Deloitte Real Estate’s Manchester Crane Survey, covering 31 January 2016 to 13 January 2017, showed that 22 residential projects started in the city centre.
According to the AJ’s sister title Construction News, this was eight more than the previous high of 14 recorded in 2007.
These new developments, which include four towers over 25 storeys high, will deliver nearly 7,000 new homes to the market. Nearly 3,800 of these homes under construction are for the private rented market.
Nearly 2,700 homes will be completed in 2017, more than double the average annual figure of 1,207 delivered between 2002 and 2016, according to the data.
The survey found that those residential schemes starting in Manchester city centre last year had an average height of 17 storeys.
Major schemes under way in the city centre include SimpsonHaugh and Partners’ Owen Street towers, which will deliver 1,508 homes in total. Upon completion the largest of the three towers will become Manchester’s highest building.
SimpsonHaugh and Partners’ Owen Street towers, which will deliver 1,508 homes in total for Renaker
Another SimpsonHaugh skyscraper - a 51-storey building containing 400 homes and a hotel at St John’s Place, was given planning permission in October last year, while HAUS Collective and Fuse Studios are due to begin work on the 34-storey, 466-apartment Angel Gardens scheme after securing funding for the £153million project.
Hotel construction is also booming in the city centre, with the survey recording 1,040 rooms under construction last year – the largest delivery for 10 years.
Overall, 39 new construction projects started in the city centre in the time period covered, including 18,500m² of education and research space.
There are currently 12 office projects under construction in the city centre. Office refurbishment projects made up 60 per cent of all space under construction.
Deloitte Real Estate also released a survey covering Leeds city centre, which showed the highest level of office space completion since the survey began in 2006.
Nearly 66,000m² of office space was completed in the Yorkshire city last year, while six new office schemes started on site.
Four hotel schemes also started on site – the highest level recorded since the survey began – while 619 residential units were under construction last year.
The completion of Hammerson’s Victoria Gate shopping centre last year helped to boost the total completion of retail space to nearly 55,500m² (pictured bottom).
Delloitte’s London Crane Survey just before Christmas showed that new office activity in the capital dropped, with just 40 office schemes starting on site during the previous six months.
Victoria Gate Arcade skylight view Acme VictoriaGate 064