MANCHESTER DEVELOPMENT UPDATE MAY 2016€¦ · Approved projects this quarter include the Airport...

MANCHESTER DEVELOPMENT UPDATE

MAY 2016 AN ANALYSIS OF THE PERIOD FEBRUARY 2016-MAY 2016

Headline Information

This hasn't been a record-breaking 3 months but it has certainly felt like one. The number of projects Under Construction has increased, and the pipeline number of projects has also continued its upward trend. Renaker hasn't hung about in submitting a planning application for their Owen St towers, which should be Under Con-struction by August 2016.

Projects starting construction….

X1 have started construction on Phase 2 of their scheme in New Islington; while at First St Number 8 has also begun construction and will become the headquarters for Gazprom Energy upon completion. X1 has already started construction on phase 1 of their MediaCity scheme, but now Phase 2 (also a 26-storey tower) has start-ed construction as well.... also in Salford Quays, Amstone have begun building Phase 1 of their Clipper's Quay scheme and Ordsall's regeneration has started in earnest with 207 apartments at Bridgewater Point having started construction as well.

In what has been a blow to the number of apartments U/C in the City Zone, the Angelgate scheme behind Victo-ria station has actually moved down out of the construction section: this is due to a squabble between the devel-oper and the contractor, but should be resolved soon meaning construction can restart. Other schemes starting construction soon include the Axis Tower; X1 The Gateway at Salford Quays; 47 Houldsworth St and Manches-ter One’s two schemes at Leaf St and Royce Rd in Hulme. Also phase two at Stanley St and the Angel Gardens Tower are all anticipated to start construction before August.

Projects which have been approved….

Approved projects this quarter include the Airport redevelopment megaplan: involving the demolition of Terminal 1 and the total rebuilding of Terminal 2 to offer capacity for 50 million passengers at Manchester Airport. Oxygen Tower (31 floors, 343 apartments); The Crescent (24 floors, 405 apartments); and Gore St (21 floors, 375 apart-ments) have all gained approval alongside numerous smaller projects such as 142 apartments at Gresham Mill in Ordsall; 86 apartments at DeTrafford's City Gardens scheme in Hulme and the Salford University School of Engineering.

Projects which have filed for planning permission...

We now have planning applications for the Exchange Court Tower (44 floors, 350 apartments); Owen St towers 1, 2, 3 & 4 (62, 43, 48 & 52 floors, 1,300 apartments); Affinity Tower (33 floors, 318 apartments), the entire Cir-cle Square masterplan (390,000sqft of office space, 677 apartments and 1028 MSCP spaces); and Exchange Quay (23, 15 floors, 45 bedroom hotel, 132 apartments and 14,000sqft of office space) - as well as numerous other smaller applications totalling about 70,000sqft of office space; about 1000 apartments and 300 hotel rooms.

Ed Howe May 2016

Trinity Fields will see 3,000 new apartments being built right next to Allied London’s St Johns Masterplan

Red | Projects without a

planning application

- New Hotel and apartments Aytoun St | Capital & Centric | Kampus

- Former Salford Crescent Police Station | Apartments & Hotel

- MediaCityUK Plot D4 | 28 floors, 180 apartments | Chapman Taylor

- MediaCityUK Plot C6 | 25 floors, 439 apartments | Chapman Taylor

- Cornbrook Hub, 800 apartments (count as Trafford)

- MediaCityUK Plot D3 | 30 floors, 202 apartments | Hodder+P Architects

- Museum of Science and Industry Expansion | £800m

- TRANSPORT | Salford Central Platforms 3, 4 and 5

- Deansgate Central Sky Park | 750,000sqft mixed use, Carillion & Ask

- St Johns, 250,000sqft enterprise cluster, 50 apartments, Allied London

- Landmark | 13 floors, St Peter’s Square | 178,000sqft

- Hotel Indigo | 14 floors, Victoria

- “The Skirt”, Spinningfields | Former Oast House, Levitt Bernstein

- Meadows Bridge Salford Crescent | £820,000

- Halle St Peter’s Church 1,450sqft extension, Ancoats

- Hardman Square Boulevard, (former Lawn Club), Spinningfields

- Stockport Interchange Redevelopment

- UX Manchester | 1,000+ apartments, 200,000sqft office, Boddingtons

- Refurbishment of Newbank & Riverbank Towers, Salford

- Mayfield, Piccadilly | 800,000sqft offices, 1,300 homes, 350 hotel beds

- The Sir Henry Royce Insitute | £250m

- 100 Embankment | 165,000sqft office block, Ask Developments

- Trinity Fields Masterplan | 3 tower blocks, 25-50 floors | 3000 aptmts

- Plot V NOMA | Apartments, 14, 12 & 10 floors | Manchester Place

- St Michael’s, Bootle St | Apartments, 5* hotel, Offices, Retail

- The Factory Theatre | Former Granada Site

- Lowry Outlet Mall redevelopment and expansion

- St John’s Quarter Phase 2+

- Stockport Interchange Redevelopment | New ticket hall, glass walkway

- Land at Trinity Way/Greengate, Salford | 1190 apartments in 9 blocks

- Central Retail Park Redevelopment

- 3 St Peter’s Square, 12 floors - Hotel

- MMU: Redevelopment of Mable Tylecote Building, All Saints

- Great Northern | £300m, 97,000sqft office building + new skyscraper

- Manchester Firehouse | Allied London Redevelopment

- Etihad Stadium Expansion Phase 2 | 61,000 seats

- New Victoria | 150,000sqft office block | 17/22 stories | 475 apartments

- Manchester Phoenix Arena | 3,000 seat-stadium/Ice Rink | City Centre

- St John's Place | 55 storey resi tower | 260 apartments

- Manchester Museum Expansion | £12.4m new “The Courtyard” extension

- £65m redevelopment of Manchester Arndale, Intu

- Oxford Rd Station Surrounds | 66 apartments, Hotel, 300,000sqft office

- Middlewood Locks | 2,000 apartments | 750,000sqft commercial

- Jackson's Row Masterplan

- Piccadilly Station Redev. | £1.6bn, New retail, Underground NPR, HSR,

HS3, coach station

Piccadilly station will be redeveloped and expanded in time for HS2 and HS3 to arrive in the 2030s. The station will become the UK’s second-largest rail station with 28 platforms altogether.

Crane Count

Salford - Wilburn Basin (2 cranes) - City Suites (1 crane) - 101 Embankment (1 crane) - New Bailey, Stanley St (1 crane) - Adelphi Wharf (1 crane) Salford Quays - X1 MediaCity (1 crane) Piccadilly - Kennedy Building Ancoats (1 crane) East - X1 Eastbank (1 crane) - Union St New Islington (2 cranes) Victoria/North Central - Cotton Building Spinningfields (2 cranes) - Motel One (1 crane) Peter's Fields/South Central - 1 Water St (2 cranes) - 2 St Peter’s Square (2 cranes) - 1 Spinningfields (3 cranes) - 8 First St (2 cranes) Universities Crowne Plaza (1 crane) Circle Square Phase 1 (2 cranes) Total: 26 cranes (April 30th 2016)

Crane counts give us a rough calculation as to how a city is

progressing economically. Most large-scale development

schemes require cranes and so crane counts tend to detail

how many large schemes are happening across a city. Of

course, smaller schemes and conversions are important

too—and they are happening across the city (usually in the

form of the upper floors of older buildings in the urban core

being converted into apartments).

Manchester’s crane count currently stands at 26. This is up

from the all-time-low of 3 in October 2013, but we still have

not reached the heady heights of November 2005—when 63

cranes reached above the skyline.

Manchester currently compares favourably with its regional

competitors in terms of crane count, however is beginning to

accelerate at a faster pace now that multiple large-scale

schemes are beginning to come onsite.

Final Round-up

- The number of projects under construction (on which construction activity has begun, in the form of diggers, of drills or of

cranes etc) has increased from 70 to 77.

- The number of projects which are 'Shovel Ready' (on which construction has a high chance of beginning by the next Up-

date in three months time) has remained the same at 26, this is despite 7 projects moving up into the "Under Construction"

category - indicating that the pipeline flow is healthy (you really do ideally want the Shovel Ready category to remain the

same because it means that while some projects move up the list into construction, some move into being shovel ready

which means that number U/C stays constant.

- After a long period of dramatic increases, the number of projects Approved has finally only increased by +1 this term. 9

projects have moved UP the list into the Shovel Ready category - so again this is more evidence that the pipeline is nice and

healthy. The last year or so has been quite worrying as we've had a tonne of projects move into the Approved category with

not many advancing from being Approved to being U/C or at least site clearance/shovel ready. This indicated a block in the

pipeline and an unwillingness from developers to actually build what they had approval for. Luckily, this blockage appears to

have been cleared and we've got a pretty steady flow into Construction going now.

- Projects holding a planning application which hasn't yet been approved stands at 56, up from 47 in November. This is the

biggest increase, and comes from large-scale schemes like Owen St and Circle Square (where each block/tower is counted

separately) gaining planning applications.

- The number of "Red" projects (those which are masterplans or visions without a planning application, not including frame-

work applications) has increased from 42 to 45 now. There have been two new large-scale masterplan schemes announced

this term: the first at UX Manchester in Strangeways and the second at Deansgate Central Sky Park. Of course, without

planning applications, it's going to be years before these schemes start construction however it's good to know we have pro-

jects being planned into the long-term which can start once our short-to-medium term projects have completed.

There appears to be a “planning app bubble” - there are a lot of planning apps but not as much construction. This could be a

good thing in indicating a healthy pipeline but it is almost double the amount Under Construction. The number of "UP" pro-

jects remains high at 62, meaning there is a lot of upward movement (i.e. projects gaining approval and projects starting

construction) but maybe not as quick as we'd like.

Number of NEW projects has remained constant. Between November 2015 and February 2016 there were 30 new projects

announced, that remains the same between February 2016 and now. There are 62 projects U/C.

Contact Me

Ed Howe

Newcastle University

MPlan

(Town Planning

undergraduate)

[email protected]

Apartments There are currently 1,314 apartments under construction in the City Zone

- There are currently 1,799 apartments under construction in Central Salford

- There are currently 1,145 apartments under construction in Salford Quays

- There are currently 146 apartments under construction in Hulme

- There are currently 26 apartments under construction in Trafford

TOTAL = 4,430 apartments

- There are currently 8,183 apartments with Planning Applications OR U/C in the City Centre

- There are currently 8,021 apartments with Planning Applications OR U/C in Central Salford

- There are currently 3,196 apartments with Planning Applications OR U/C in Salford Quays

- There are currently 1,096 apartments with Planning Applications OR U/C in Hulme

- There are currently 3,284 apartments with Planning Applications OR U/C in Trafford

TOTAL: 23,523 apartments

Worth noting that the number of City Zone apartments Under Construction has decreased due to 434 apartments at Angelgate stopping construction temporarily.

Staggering increases in the number of pipeline apartments in both the City Zone and Cen-tral Salford: up from 6,127 apartments and 6,245 apartments respectively in February to 8,153 apartments and 8,021 apartments respectively now.

Salford Quays now has over 1,000 apartments U/C for the first time since the previous boom. There were 0 apartments U/C in SQ in June 2013.

MANCHESTER DEVELOPMENT UPDATE MAY 2016€¦ · Approved projects this quarter include the Airport...

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Transcript of MANCHESTER DEVELOPMENT UPDATE MAY 2016€¦ · Approved projects this quarter include the Airport...