Century Square

Manchester, UK

A Closer Look

The Development

Century Square, aptly named for its proximity to the historic Old Trafford Cricket Ground, consists of 116 apartments spanning ten floors in the iconic Trafford area of Manchester. Each contemporary unit is crafted with a focus on convenience and modern living.

Trafford stands out as the primary business and enterprise hub in the Manchester City Region, by being home to the highest number of companies per capita. Apart from its role in the corporate landscape, Trafford is acknowledged for its lifestyle offerings, particularly in sports. With landmarks like Manchester United’s Football Stadium and Lancashire County Cricket Club, residents have easy access to world-class entertainment.

The Location

The area is also known for its popular bar and acclaimed food scene, attracting a concentration of skilled young professionals after work hours. Within a 10-minute walk, residents can reach Manchester United’s Football Stadium ‘Old Trafford,’ university campuses, and shopping centres. The development is strategically located within walking distance of metro and train stations, as well as several bus routes, providing residents with quick and convenient access to Manchester City Centre.

Investment Case Overview

Greater Manchester stands out as one of the UK’s economically diverse regions, boasting a large population. Serving as a key driver of the northern economy, the region currently sustains approximately 1.5 million jobs, contributing significantly to its GDP of GBP96.8 billion as of 2022. Notably, Greater Manchester generates 40% of the total output (GVA) in the Northwest and 32% across the North of England.

Projections indicate a continued economic upswing, with an expectation for the economy to produce GBP160 billion by 2035. Meanwhile, the average GDP per capita has experienced a 111% increase since 2000, set to further rise by 60%, reaching GBP53,958 by 2035.

In tandem with economic growth, the population of Greater Manchester is anticipated to grow by 18% from 2000, to nearly 3 million residents by 2035. While this demographic expansion has fuelled economic prosperity, it has concurrently intensified pressures on the housing market. The undersupplied housing market has witnessed a 76% increase in house prices since 2010 in Manchester, outpacing the national average of 66%. This trend will continue as house prices are projected to grow by 19.3% between 2023 and 2027.

Established in 2012, the Manchester Core Strategy 2027 strategically focuses on urban renewal, economic development, education, and environmental renovation. The overarching goal is to build a sustainable and well-connected city, positioned not only as a top-ranking locale in Europe but also on the global stage.

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