X

Register for free to receive latest news stories direct to your inbox

Register

A new landmark development from international property developer and investor Select Property in Manchester’s Northern Quarter is now completed, with the first residents moving in.

With 33 storeys and 477 apartments, One Port Street is Select Property’s largest completed scheme.

Select Property said the success of One Port Street – which has generated £193m in sales revenues – underlines Manchester’s investment potential, said Select. The development enjoyed strong demand for its one-, two- and three-bed apartments from investors, owner-occupiers and renters alike.

The developer last summer confirmed all properties had been sold, continuing its track record of selling all properties before its developments are completed. Select Residential, Select Property’s letting agency business, is marketing a significant number of the apartments to renters.

One Port Street’s residents enjoy amenities including a gym, a 2,000 sq ft swimming pool and a spa pool, an urban garden and a seventh-floor resident lounge and Paginini’s external terrace.

The development also features The Hideout, a ‘secret room’ on the ground floor that is available exclusively to residents.

The development has been created by Select Property in partnership with SimpsonHaugh, the practice behind some of Manchester’s most famous developments.

Adam Price, Select Property’s CEO, said: “With its scale, One Port Street was an ambitious development for us, and it becomes our largest completed scheme. We were really impressed with the demand from the market for the apartments and the fact they sold out months before completion is evidence of that.

“Everyone knows the Northern Quarter is unique in Manchester, with creative businesses and quirky and independent stores, coffee shops and bars everywhere. We believe One Port Street is a worthy addition to this special neighbourhood.”

He added: “As a global company we’re constantly having conversations with those looking to invest in Manchester. Without fail they talk about wanting to be part of the city’s future – a growing economy powered by exciting businesses and innovation, underpinned by well paid, premium jobs.

“It’s a great time to be developing and operating in Manchester and we’re committed to bringing more outstanding developments to vibrant neighbourhoods in the future.”

Ian Simpson, co-founding partner at SimpsonHaugh, said: “One Port Street presented an opportunity to elevate residential provision in one of Manchester’s most characterful districts, creating a design that mediates between the Northern Quarter and the wider city.

“Our ambition was to create a building that respects and responds to the Northern Quarter’s rich industrial heritage.

“The result is an elegant landmark development that combines considered design, outstanding amenities, and enhanced public realm to form a welcoming and connected place to live, visit and enjoy. We’re proud to see the building now open and becoming part of the evolving story of this iconic neighbourhood.”

Elsewhere in Manchester, Select Property is currently selling and marketing Vita Living Circle Square, located off Oxford Road in Circle Square, on the site of the BBC’s former base.

The 15-storey building features fully furnished one-, two- and three-bedroom apartments starting from £418,000 with an expected rental yield of up to 6.5%.

Click here to sign up to receive our new South West business news…