|Rental Yield:||5% Yields|
|Number of units:||634|
Set in between the greenery of the City River Park and the hustle and bustle of the city centre, this landmark development is home to over 634 new apartments and townhouses in Manchester’s emerging Red Bank neighbourhood.
Victoria Riverside marks the start of the creation of the City River Park. At approximately 46 ha, it will become one of Manchester's largest city-centre green spaces. City River Park will enhance existing habitats and create new habitats for wildlife and be guided by climate-positive design to create results which as carbon neutral as possible. Red Bank and New Town will provide the first phase of the City River Park. Over 35,000 sqm of new and improved parkland including St Catherine’s Wood and the River Irk will be delivered in this first phase with HIF investment made by 2024 in line with the expected completion of the Victoria Riverside scheme.
Victoria Riverside marks the first phase of Victoria North (previously Manchester’s Northern Gateway), the biggest renewal project Manchester’s ever seen.
The name Victoria North roots the development over the next 15 to 20 years in Manchester, representing the 155 hectares of regeneration potential from Victoria Station in the city centre into north Manchester and to up to Queens ParkSir Richard Leese, Leader of Manchester City Council
Our vision for Victoria North is to create aspirational and inclusive neighbourhoods that deliver green riverside living in the city.Hilary Brett-Parr, project director at FEC
“Our approach to the site has been to embed quality in our design, from district to doorknob. “The opening up of key routes along Bromley Street and Dantzic Street provide a significant public realm contribution, extending the urban life of the city.Katie Tonkinson, Partner at Hawkins\Brown Architects
KEY MARKET STATISTICS
UK’s third largest city with over 510,000 people
in GDP, third largest in the UK
Students in the city, as well as a graduate
visitors in 2017, 10% increase year on year
Increase in demand for lettings in 2020
increase in rental yields in 2017
of private lets, one of the highest in the UK
between London and Manchester with HS2 in 2032
Increase in property sales since May 2020
house prices Increased in the North West of England (2020)
UK house prices have increased over the past 12 month (2020)
new homes needed by 2035