The approval of a new skyscraper cluster in Manchester’s Deansgate area marks a significant milestone in the city’s ongoing transformation. Developer Renaker’s ambitious project, featuring five high-rise towers, including what could become Manchester’s tallest building at 71 storeys, promises to redefine the city’s skyline for generations.
The 2,388 luxury apartments planned for these towers, complete with premium amenities like a dog spa, Mahjong room, and virtual golf driving range, are set to attract high-end tenants and buyers. The integration of existing infrastructure, including a primary school, medical centre, and public square, enhances the area’s appeal, making it a comprehensive and desirable living space in the heart of the city for singles, couples and young families.
However, the project has not been without controversy. Despite the scale of the development, concerns have been raised about the absence of affordable housing within the project. While a section 106 contribution of £37,180 has been agreed upon to support affordable housing elsewhere, the broader issue of housing accessibility remains a topic of debate.
For investors focused on Manchester city centre, this development offers a dual perspective: it highlights the city’s potential for high returns in the luxury market while also underscoring the importance of a balanced investment strategy that considers both premium and affordable housing sectors. As Manchester’s skyline evolves, so too does its property market, offering diverse opportunities for savvy investors.
Explore these opportunities with Thorpe and Co Property Investments—your trusted partner in navigating Manchester’s dynamic real estate landscape.