Stories of our impact
The national housing shortage is hailed by many as one of the biggest threats to the UK economy. Figures from the National Housing Federation suggest that just half the number of houses we need are built each year, leading to a shortfall that runs into the hundreds of thousands.
As one of the UK’s key cities, Manchester has a strategy to do something about this. It is part way through a plan to deliver some 60,000 homes by 2027, equating to around 3,300 units per year. Within the city centre, it expects to deliver 16,500 residential units by 2027, which is where the work of Deloitte’s Real Estate division comes in.
The skyline’s a-changing
Our Regions Planning team has worked with some of the industry’s largest and most influential property companies for many years. In 2016, we were involved in over 70 per cent of the major residential schemes in Manchester city centre, delivering almost two years of housing land supply. More significantly, the 7,274 residential units for which we secured planning permission represent over 40 per cent of the housing requirement in the centre.
The residential market in the city centre is resurgent, as reported in our Manchester Crane Survey: 22 schemes started on-site during 2016, and there are 28 under construction overall. A particular highlight was getting planning for Owen Street – a live development that comprises 1,508 dwellings across 4 towers, the tallest of which will stand 64 storeys high. Once complete, it will be Manchester’s tallest building, and the highest new-build tower outside London.
High-rise developments are by far the most impactful use of space, allowing more people to benefit from proximity to the city’s commercial centre and transport infrastructure. A secondary benefit of developing tall, high-density towers is that less land needs to be used to deliver housing at the edge of the city, which reduces the impact of urban sprawl and the need to build on greenfield sites.
Housing for growth
In the face of a nationwide housing shortage that’s preventing generations of young people from owning a home or even being able to rent good-quality accommodation close to their workplace, we’re proud to be playing our part in supplying enough new housing to deliver the economic growth that Manchester needs.
What’s more, we also led on the drafting of Manchester City Council’s Residential Quality Guidance, which was adopted in December 2016. With the volume of residential development proposed for Manchester, it is essential that developers follow a framework that ensures the delivery of the highest-quality schemes, creating homes within sustainable neighbourhoods and continuing to make Manchester a great place to live.