Member Article

Manchester’s NOMA and Liverpool Waters to get multi-billion pound residential buildings

Manchester’s NOMA district is to get a new Moda Living 36 storey building while Liverpool Waters will gain a 40 storey residential tower, in projects worth billions.

The scheme in Manchester, Angel Gardens, is the major residential component of The Co-operative and Hermes NOMA in Manchester City Centre.

Angel Gardens’ design consists of 455 studio, one, two and three bed apartments, set around semi private interactive gardens with a Mies Van Der Rohe inspired 36 storey tower element and co-locating bars, restaurants and retail space.

In addition to the Angel Gardens scheme, Moda Living has also announced it has terms agreed with the Peel Group at Liverpool Waters.

The development will consist of a 40 storey residential tower with more than 325 units and the full complement of Moda facilities in the city.

This multi-billion pound scheme is set to transform Liverpool by regenerating more than 60 hectares of prime waterfront.

It will be the first new build residential element on site.

All Moda Living customers will have use of all amenities within the buildings, including resident lounges, a state of the art cinema room and business meeting space.

There will also be a rooftop garden complete with BBQ zones, gym and fitness classes, Yoga and the ‘Multi-Moda’ sport court complete with netball, tennis, basketball and football facilities and a comprehensive range of concierge services.

Moda Living has appointed CBRE Residential investment as its retained advisors who confirm there is a huge multibillion wall of money aimed at the UK residential investment market.

Director of Moda Living, Johnny Caddick, said: “We are pleased with the progress we have made and the positive feedback from the local authority and stakeholders on Angel Gardens, which is the first major development for Moda Living.

“We have chosen the NOMA scheme to launch Moda Living as we believe it to be an incredible offering in an unbeatable area of redevelopment and investment in Manchester City Centre.

“It provides the perfect opportunity to introduce the brand and concept, which we intend to showcase as the benchmark for UK PRS.

“Manchester is the fastest growing population outside London and is expected to significantly grow over the next 10 years in both GDP and Household disposable income terms by 31 % and 29 %, respectively.

“Moreover, with 28.4%, or 58,000 households in Manchester falling into the private rented sector – often with both poor quality and poorly managed accommodation - the prospects for rental growth, in this city, are substantial.”

Director of NOMA at The Co-operative Group, David Pringle, said: “Developing homes within NOMA is vital to the vibrancy of the area and the quality of the offer is completely aligned with our strategy.

“We want people to live here, work here and come here to shop and be entertained, so having people at the heart of the development is integral.”

This was posted in Bdaily's Members' News section by Sophia Taha .