MANCHESTER I UK

Investment case01 Wilburn Wharf at a glance

03 The case for Manchester

05 Economic snapshot

07 Northern Powerhouse

08 Population growth

09 Manchester education

11 Global connectivity

12 National connectivity

13 Regeneration

Real estate market outlook19 Supply

21 Demand

23 Sales market

24 Rental market

Rivergate House25

27

35

44

Overview

Location map

Floor plans

Specification

Investment Property That Pays For Itself

2

INVESTMENTCASE

Hilton

Manchester Central

Great Northern

Metrolink

Deansgate Station

Piccadilly Gardens

Town Hall

Piccadilly Station

Regents Park

Sainsbury’s

Middlewood Locks

Old Granada Studios

Castlefield

Universities

MOSI

MediaCityUK, Salford Quays

Spinningfields

St. John’s

St. John’s

River IrwellRIVERGATEHOUSE

Wilburn Wharf

Built for livingA new luxury waterside residential community just minutes from Manchester’s central business district

WILBURN WHARFAT A GLANCE

WalkingdistancefromSpinningfields–the‘CanaryWharf of the North’

ClosetokeytransporthubsincludingDeansgate,CastlefieldandOxfordRoad

QuickaccesstoMediaCityUKandtheSalfordQuays business and leisure area

Well-positioned to leverage the growth and regeneration of Manchester city centre

KeypartofawiderplantoregenerateManchester’s waterways and provide much-needed new residential capacity in the heart of the city

Centrally located

Primed for growth

4

INVESTMENTCASE

Economic prosperity and a growing population are driving a strong case for investment in the UK’ssecondcity.AcasefurtherboostedbytheUKgovernment’sNorthernPowerhousestrategy,which puts Manchester at the heart of GBP7 billionofinvestmentininfrastructure,education,employmentandculture.

THE CASE FOR MANCHESTER

2009-14saw5.4%annualgrowthinprivatesectorofficejobs,aheadofLondon’s3.8%

57,000jobshavebeencreatedinCentralManchestersince 2011

110,000newjobswillbecreatedby2024,with36,000moreofficejobsexpectedinCentralManchesteroverthe next decade

Disposable income of Manchester residents is forecast togrowby28%overthenextdecade

Annual GVA growth - Greater Manchester Manchester’s employment outlook

Gross Value Added (GVA) is a measure ofthe value of goods and services produced in anarea,industryorsector.

GVA forecast togrow32%toGBP75.2billionby 2024

Annual GDP growthof3.5%,aheadoftheUKaverage(2.8%)

Business is booming throughout Manchester,whoseGVA(GrossValueAdded)nowsurpassesthatoftheNortheast(GBP42billion),WestYorkshire(GBP43billion)andMerseyside(GBP25billion).

ECONOMIC SNAPSHOT

INVESTMENTCASE

6

-4.0

-3.0

-2.0

-1.0

0.0

1.0

2.0

3.0

4.0

5.0

6.0

7.0

1992 1996 2000 2004 2008 2012 2016 2020 2024

% annual

1.15

1.20

1.25

1.30

1.35

1.40

1.45

1.50

1.55

1.60

1991 1995 1999 2003 2007 2011 2015 2019 2023

Source : GMFM

wo

rkin

g p

op

ulat

ion

(mill

ions

)

Manchester is a leading hub for a number of important industries:

GBP56 billion GVA per annum

Greater Manchesteraccounts for 40% ofeconomic activity in the Northwest

40%

1.39 million workers

1.39M

97,500 businesses

Strong labour market performance

3.5%32%

Citycentreemploymentwillsurpass400,000jobsby 2025

CentralManchester’spopulationisexpectedtogrowtoover560,000by2025

That’s50,000newresidentswhowillneedcitycentre housing in the next decade

The city centre is expanding outward to accommodate this demand

Growth across Greater Manchester City centre growthCurrentlyhometo2.73millionresidents

Expectedtoattractmorethan500,000newresidents by 2025

TheUK’slargestemploymentcatchmentareaoutside of London

Over 7 million residents within an hour’s drive

InvestingGBP6billionintheNorth’sroads,toreduce congestion and enhance connectivity

Already a world leader in research and now a new GBP235 million Sir Henry Royce Materials Research InstitutebasedinManchester,withcentresinLeeds,LiverpoolandSheffield

A devolution deal with Greater Manchester and theUK’sfirstmetro-wideelected mayor outside London from 2017

A Great Exhibition in the North to showcase thebestNorthernart,culture and design

GBP78 million funding for The Factory Manchester,anewtheatre and exhibition space

New modern trains and20%morecapacityto tackle overcrowding

Developing new high-speed rail links to reduce journey times from London to Birmingham and between Northern cities

Doubling the number of Northern cities tobenefitfromthegovernment’s superfast broadband programme

8

INVESTMENTCASE

NORTHERN POWERHOUSEIn2014,theUKChancelloroftheExchequerGeorge Osborne announced plans to invest GBP7billionintobusiness,cultureandinfrastructureintheNorthofEngland.TheNorthern Powerhouse scheme will focus on thecitiesofLiverpool,Leeds,SheffieldandNewcastle,withManchesteratitsheart.

POPULATION GROWTHThe UK’s fastest growing city

TheCityofManchestersaw17.8%populationgrowthbetween2003and2013–morethandoublethenationalaverageoverthesameperiod.

GBP7 BILLIONfurther investment in the North

2011

490

510

530

550

570

2012 2013

Source: ONS, Crown copyright; Oxford Economics, copyright

Manchester City Population Growth Forecast (2012 Greater Manchester Forecasting Model)

Gro

wth

In t

hous

and

s

2014 2015 2016 2017 2018 2019 2020 2021

An urban population explosion

MANCHESTER EDUCATIONManchester has grown into a prestigious globalcentreforeducation,withover100,000students enrolled at the city’s four major universities.

Attracting international studentsInternationalstudentsattheUniversityofManchestermakeup23%ofthetotalstudent population

More and more overseas students are choosing to stay in the city after graduation

ChinesestudentnumbersinManchestergrew45%overthepastfiveyears

Investing in educationGBP500 million of forthcoming capital investment

Active Building Schools for the Future and Academies programmes

Rebuilding,refurbishingorreplacing33schools across Greater Manchester

Brain gainStudents are increasingly remaining in the city after graduation

The city is targeting investment in business sectors that create graduate opportunities

Morethan70%ofManchesterMetropolitanUniversitygraduatesstayintheNorthwestafter graduation

40%growthinManchester’s20-25year-olddemographic since 2001

INVESTMENTCASE

10

Manchester

SingaporeDubai

Hong Kong

GenevaNew York

Beijing

GLOBAL CONNECTIVITYLarge-scale investment has seen Manchester develop into a hub for global travel

NATIONAL CONNECTIVITY

INTEGRATED PUBLIC TRANSPORT

The GBP1 billion regeneration of Manchester Airport is set to deliverfivemillionsquarefeetofdevelopmentopportunitiesforoffices,hotels,advancedmanufacturingandlogisticsbusinesses,creatingsome16,000jobs.

FromJune2016,anewHainanAirlinesroutefromBeijingtoManchesterAirportwillbethefirstdirectconnectionfromChinatoaUKdestinationoutsideofLondon.TherouteisforecasttoprovideaGBP50millionboosttoManchester’seconomy.

TheGBP130million‘ChinaCluster’projectatManchesterwillprovideacommercialbaseforChinesebusinessesenteringtheUK.TheclusterwillbelocatedattheAirport’sproposedGBP800millionbusinesshub,AirportCity.

Excellent rail services have been a key factor drivingManchester’sprosperity,andareset to further improve with the arrival of thenewproposedHighSpeed2(HS2)andTransNorthroutesin2017and2019.

Most of Manchester’s population use the city’s excellent tram and bus network for both commuting and getting around intheirleisuretime.Thenetworkissocomprehensive,Manchester is ranked in the top ten cities in Europe for transportconnectivitybytheEuropeanCitiesMonitor.

WilburnWharfisclosetoDeansgate,akeyMetrolinkinterchangestation,throughwhichfiveofManchester’ssixmajortramlinespass.

- SirHowardBernstein,ManchesterCityCouncil

We’ve had to tailor the infrastructure to that which young people demand – they’re more interested in lifestylechoices, making choices about wherethey want to live as well as wherethey want to work.

Third-busiest national airport after Heathrow and Gatwick

Named Best UK Airport 2015 by the Globe Travel Awards

24% passenger growth since 2010

CITY ZONEMonsall

BURY

ABRAHAM MOSS

ShudehillALTRINCHAM

NewIslington

HoltTown

MarketStreet

CentralPark

QueensRoad

Deansgate-Castlefield

St Peter’sSquare

Trafford BarOldTrafford

Exchange Quay

Salford QuaysAnchorage

St Werburgh’sRoad

PiccadillyGardens

Stretford

MANCHESTERAIRPORT

EASTDIDSBURY

ROCHDALETOWNCENTRE

Firswood

Chorlton

Broadway

Langworthy

MEDIACITYUK

Cornbrook

LadywellECCLES

Weaste

Harbour City

Pomona

Victoria

PICCADILLY

ASHTON-UNDER-LYNE

P

PRochdaleRailwayStation

217P+R

P+R

100

302P+R

250P+R

No trams callat Victoria

Altrincham – Bury

Altrincham – Piccadilly

Bury – Abraham Moss

Eccles – Ashton-under-Lyne

Manchester Airport – Cornbrook

East Didsbury – Rochdale Town Centre

olink stop

Line interchange Rail interchange

Bus interchange Park + RideNumber of spaces available

Car ParkLimited spaces available

P+R

100

Cycle hubMembership required

P

MediaCityUK – Piccadilly

INVESTMENTCASE

12

Almost 100,000 tonnes of freight in 2013

A new direct route to Hong Kong was launched in December 2014

Pass through rate hit 22 million passengers in 2014

INVESTMENTCASE

Manchester has a strong history of successful regenerationactivity.Thislong-termprogrammeofregenerationcontinuestothisday.

WithGBP8.2billioninvestedinpropertyinthecityoverthepastdecade,ManchesterisrankedastheUK’snumberoneregionalcitybyCBRE.With the extensive infrastructure and public spaceinvestmentthathasgonealongsidethis,Manchestercontinuestobetransformed.

REGENERATION

ThesuccessofSpinningfieldshasinspiredfurthergrowthandregenerationincentralManchester.The neighbouring area of St John’s is now set for extensive redevelopment that will further transform thearea.Acreativevillagewillbeestablishedintheheartofthecity.

Strategically located at the Salford gateway to SpinningfieldsacrosstheRiverIrwell,MiddlewoodLockswilltransforma24-acrearea,creatinganewcentreforconnectivity,creativityandcultureintheheartofthecity.

Redevelopment of the former Granada Studios site

2.8millionsquarefeetofnewmixed-usespace

Willfeatureoffices,housing,eventsspace,revitalisedpublicrealm,riversideparks,hotels,artsvenues,independentshops,cafés,barsandrestaurants

Includes a GBP78 million government investment inTheFactoryManchester,auniquelyflexiblenewarts space

Intheearly2000s,workbegantocreateanewcentralbusinessdistrictforManchester.SincethenSpinningfieldshasemergedasoneofthecity’skeyemploymenthubs.ThecentreofManchester’sthrivingfinancialservicesindustry,Spinningfieldscontinuestogrowinbothsizeandinfluence.

Spinningfieldsaloneprovidesworkingspaceforover20,000employees

Recent years have seen the area develop further as a retail and leisure district

RevenuefromretailandleisureatSpinningfieldsincreased400%between2008and2014

Attractive modern waterside development centred around three canal basins

2,000newhomes,restaurants,apark,shops,agym,andahotel

500,000squarefeetofGradeAofficespace

SPINNINGFIELDSThe Canary Wharf of the North

MIDDLEWOOD LOCKS

ST JOHN’S

INVESTMENTCASE

St. John’s will turn the perceptions of city centre living on its head.

16

INVESTMENTCASE

The outlook for property investment across Manchesterisfundamentallystrong,andiswell-supported by local economic and population growthaswellassignificantincominginvestment.

LOCAL REAL ESTATE MARKET OUTLOOK

SUPPLYManchester’s housing market is primed for investment.Whiletheresidentialconstructionpipelineisgrowing,theeffectofyearsofundersupplywilltakemanyyearstoovercome.

With supply unlikely to catch up with demand for several decades,propertypriceswillcontinuetorisesignificantly,especiallyinthecitycentre.

500

Completed un-completed

Average

0

1,000

2002

2003

2004

2005

2006

2007

2008

2009

2010

2011

2012

2013

2014

2015

2016

2017

1,500

2,000

2,500

3,000

3,500

4,000

4,500

Manchester’s residential development pipelineManchesteraveragedjust4,500netcompletionsperannum between 2010 and 2015

Thisislessthanhalfthe9,654forecastasrequired,creatingacurrentannualshortfallofover5,000homes

Ontopofthis,thebacklogfromseveralyearsofundersupplyhasnowreachedover40,000homes,puttingfurther pressure on supply

AnticipatedCentralManchesterdeliveryin2016is2,175newunits,farbelowwhat’sneededdespitebeingunparalleledinanyotherUKregionalcity

Giventhecurrentpipeline,constructionisexpectedtofallwellshortofthetargetof55,000newhomesdeliveredby2027assetoutinthecity’sCoreStrategy

NET COMPLETIONS(2010-2015)

ANNUAL SHORTFALL

SHORT OF TARGETNEW UNITS IN 2016

4,500 5,000

55,0002,175

INVESTMENTCASE

20

1,132,800 1,155,100 1,178,900 1,203,100 1,226,500 1,249,300

2010 2011 2012

20132014

2015

DEMANDGreater Manchester’s expanding economy and growing populationwilldriveresidentialdemandoverthenextdecade.

GreaterManchester’spopulationisexpectedtogrowby128,000in the next 10 years

50,000newresidentsareforecastinthecitycentrealoneoverthesame period

110,000newjobstobecreatedinGreaterManchesterby2025

EmploymentgrowthinCentralManchesterwillseetheareasurpass400,000jobsoverthistime

Householdgrowthprojectedat6%overthenextfiveyears

Estimates put Manchester’s total new housing demand at around 10,000additionalhomesperannumoverthenextdecade

Healthy demographics

Workers are moving into higher wage brackets

A14,000decreaseinmanufacturingjobsanda31,200increaseinprofessional,scientificandtechnical services is forecast for the next decade

Disposableincomeisforecasttogrowby28%over the next decade

Housingdemandcontinuestosoar,drivenbyaninfluxofpeopleseekingabetterlifestyleandmorefortheirmoney.

In2015,theEconomistIntelligenceUnitagainnamedManchestertheUK’sbestcityinwhichtoliveas part of its annual Global Liveability Survey

Manchester is the seventh-cheapest place to live in theUK,despitebeingoneofitslargestcities

Household growth continues to soar

INVESTMENTCASE

22

SALES MARKET

0

200

1 beds 2 beds 3 beds

400

600

800

1000

1200

1400

Average price (Flats)

2012

2013

2014

2015

2016 Estimates

Average rental values in Manchester

Manchester apartment price growth

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100000

150000

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250000

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Average price (Flats)

RENTAL MARKETManchester’s robust and steadily growing sales market continuestoshowexcellentpriceandtransactiongrowth.

Manchester apartment pricesgrewby6%in the 12 months to December 2015

The average apartment in Manchester is just over a third of the price of a London apartment

Forecasts put price growthat20%overthe next three years

Apartment prices are 13.6%belowtheir pre-recession peak

20%

13.6%

6% Manchester has the highest average yields intheUK

Half of properties are let within only 5 days

50%

At28%,Manchester has a higher proportion of private renters than London (26%)

28%

63%ofcitycentrehouseholds are rented,whichis24%abovetheUKaverage

63%

Over a third of residents are young professionals,ahead of London (28%)andBirmingham (24.1%)

Over10%ofrenters are sharers,reflectingthe city’s young professional demographic

10%

1/3

6.02% 33.5%

INVESTMENTCASE

24

RIVERGATEHOUSE

Rivergate House at Wilburn Wharf is a stunning newdevelopmentthatwillredefinetheemergingresidential and commercial zone along the city centre stretchofManchester’sRiverIrwell.

This new-build waterfront residence is set to deliver someofthefirsthigh-qualityhomesinthisgrowingnewneighbourhood,andrepresentsexcellentinvestment value in the heart of this thriving twenty-firstcenturycity.

RIVERGATE HOUSE

/ Four-block development around the historic Wilburn Street Basin

/ Range of spacious and stylish 1/2/3-bedroom apartments

/Carparkingavailableformanyunits

/Conciergeforresidentsonsite

/2,464squarefeetofgroundfloorcommercial space for retail amenities

/Phase1completionSeptember2016

/Upto75%LTVfinancingavailable

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RIVERGATEHOUSE

28

15 mins

A 57

A6

A62

A6

UPPER B

ROO

K ST

A56

RT

FA

OF

D

RR

D

A57

A60 42

3

PR

INC

ESS

RD

Piccadilly

Victoria

SalfordCentral

Oxford RoadDeansgate

SalfordCrescent

M602

SALFORD

SALFORDQUAY

MediaCityUK

RIVERGATEHOUSE

Regents Park

Old Trafford

ManchesterAquatics Centre

ManchesterUniversity

Castlefield

University of Salford

Spinningfields

China Town

Hilton

Central Shopping District

NorthernQuarter

Manchester Arena

To ManchesterAirport

MANCHESTER

10 mins

Railway

Railway station

Metrolink

Metrolink stop

10 minute walk radius

15 minute walk radius

30

RIVERGATEHOUSE

30

LIVING/DINING

Images shown are indicative artist’s impressions and for representation purposes only

A16.03A16.07

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RIVERGATEHOUSE

32

LIVING/DINING

Images shown are indicative artist’s impressions and for representation purposes only

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RIVERGATEHOUSE

34

A16.03A16.07

BEDROOMANDBATHROOM

Images shown are indicative artist’s impressions and for representation purposes only

36

STEP UPENTRANCE LOBBY

POSTBOXES

TANK ROOMBIN STORE

CAR PARKING

FIRE FIGHTINGSHAFT

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FIRE FIGHTINGSHAFT

VOID TOENTRANCE

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1 bed 2 bed 3 bed

381 bed 2 bed 3 bed

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401 bed 2 bed 3 bed

A12.01

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421 bed 2 bed 3 bed

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44

Internal finishesWalnut veneer apartment entrance and internal doors

Chromeironmongery

Satinwoodfinishtointernalskirtingsandarchitraves

White emulsion to walls with feature wall in living areas and bedrooms

FlooringWalnut laminate to hallways and living areas

Carpetstobedrooms

Tiling to bathrooms and en-suites

Carpettoupperlevellivingareasandstairsinduplexpenthouses

KitchensPorcelanosafittedkitchensinarangeoffinishes

Handleless door and drawer fronts

Square-edgedworksurfaceswithmatching,full-heightsplash-backs

Integratedelectricoven,ceramichobandconcealedhood

Integrated fridge-freezer and automatic dishwasher

Stainless steel 11/2 bowl sink unit with Hansgrohe mixer tap

Underunitlighting

Bathrooms and en-suitesVilleroyandBochsanitarywarewithconcealedcisternWCs

Kaldeweisteelbaths

Hansgrohe brassware

Rainhead shower to en-suites

Glazed shower screens

Tiled walls incorporating feature wall

Full height/width mirror above vanity shelves

Electrical and communicationLEDdownlightstohallways,livingareas,bathroomsanden-suites

Pendantlightfittingstobedrooms

ProvisionforBT,SkyHDandVirginMediatolivingareasandbed-rooms(notBT)

DedicatedHyperoptic,fibre-opticinternetprovision

Brushed nickel sockets and switches

HeatingAdax Neo slim-line electric panel heaters with central timer

Chrometowelrailstobathroomsanden-suites

Safety and securitySecure residents’ entrances

Automated door entry system

Smoke detectors to kitchens and entrance halls

Sprinkler system

Conciergefacilities24/7

ExternalDouble glazed windows

Doubleglazeddoorstoprivateroofterraces(Penthousesonly)

Allocatedcarparkingspaces(optional)

1 bed 2 bed 3 bed

A18.01

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FIRE FIGHTINGSHAFT

20/F

SubjecttovariationsinaccordancewiththeContractTerms.SeeIdentificationPlancontainedintheDisclosureDocumentsforarea(s).Thedevelopmentisnotcompletedandduetoavarietyofcircumstances,somefinishesandinclusionsmaynotbeofferedinsomeunits.Subjecttoprecisetermsofcontractandassociateddocumentation,finishesandinclusionssubjecttochangewithoutnotice.

For further information please contact Colordarcy Investment

Telephone: +44 (0) 207 100 2393

Email: info@colordarcy.com

HEAD OFFICE

Colordarcy Investment Ltd,

30th Floor, 40 Bank Street, Canary Wharf,

London, E14 5NR, United Kingdom

Website: www.colordarcy.com

THE LEGAL STUFF

The material contained within this document has been prepared for information purposes only. Information contained herein is not to be relied upon as a basis of any contract or commitment.he

The information is not to be construed as an offer, invitation or solicitation to invest and opinions expressed are subject to change without prior notice. Information contained herein is believed to be correct, but cannot be guaranteed.ch

In case of queries or doubt you should consult an independent investment adviser. No personal recommendation is being made to you and the past is not necessarily a guide to the future.

All images used are for illustrative purposes only.

RIVERGATE HOUSE

AT WILBURN WHARF