The Abu Dhabi United Group came to Manchester in 2008 to invest in and regenerate Manchester City Football Club, with the ambition to create a successful and sustainable football club with a world-class infrastructure.
The acquisition of Manchester City Football Club was the start of a major new phase of regeneration in Eastlands, East Manchester, with the long-term goal to transform the 200 acres immediately surrounding the Etihad Stadium. This led to the formation of a partnership between the Abu Dhabi United Group and Manchester City Council, which went on to deliver the facilities around the Etihad Campus, and in doing so, lift the wider area.
More than £400m of private and public investment has delivered:
- City Football Academy, transforming 75 acres of brownfield land into the world’s leading training ground
- First phase of expanding the spectator capacity of the Etihad Stadium, which was competed in 2015 by City Football Group (ADUG)
- A collection of new community education, sports and leisure facilities completed in early 2016, financed by the City Council, Sport England, the Education Funding Agency and City Football Group.
This regeneration work transformed the area around the Etihad Campus and importantly led to discussions around a new collaboration to address Manchester’s housing shortages and the regeneration of adjacent neighbourhoods to Eastlands.
In 2014, the Abu Dhabi United Group and Manchester City Council established the Manchester Life joint venture to create a development company capable of deploying the scale of inward investment required to make a significant contribution towards achieving the City’s residential growth ambitions for Ancoats and New Islington, and creating the necessary momentum for regeneration to take hold.
We are currently building over 1000 new homes in Ancoats, with first residents moving into Cotton Field Wharf in October 2017.
Manchester Life Development Company (UK Company number 08800093) is owned by Manchester City Council and the Abu Dhabi United Group (Loom Holdings), which is a private investment and development company owned by Sheikh Mansour bin Zayed Al Nahyan.
Manchester Life Management Limited (UK Company number 08800088) is owned by the Loom Holdings subsidiaries that own the four rental buildings.
Manchester Life Development Company pays UK Corporation Tax on its profits. The individual property holding companies pay full U.K. Income Tax and/or Corporation Tax on all net rental income, and on net profits from sales of property.
Loom Holdings and affiliated property holding companies are domiciled in Jersey, Channel Islands, which provides certain advantages for the shareholder in the event shares are sold in one of the rental developments, and is a common structure for overseas investors making U.K. investments.
Board of Directors
The Board of Directors are nominees of the shareholders and are subject to UK Directors Duties.
None of the Directors have any shares in the business and none of them receive any remuneration for their role as Directors.
The Abu Dhabi United Group nominated Directors are:
The Manchester City Council nominated Directors are:
Ali AL Frayhat
Martin Lee Edelman
Sir Richard Charles Leese
Edward Ashley Lote Smith
Full Director details can be found on the Companies House website.
Who We Are
The multi phased Manchester Life initiative, managed by Manchester Life Development Company, combines the best of public and private sector expertise to set a new benchmark for residential property development in Manchester by planning, financing, developing and managing a portfolio of high-quality homes that will support the emergence of east Manchester.
Phase one of Manchester Life will provide more than 1,000 predominantly privately rented homes, helping to fulfil the demand for high-quality residential accommodation, in line with Manchester’s Residential Growth Strategy to provide tens of thousands of new homes by 2027.
Three Phase Two sites have received planning consent, which if developed will add 453 homes to Ancoats and New Islington.
Manchester Life Management Limited is the rental arm of Manchester Life that is responsible for the lettings, management and customer service for homes across our rental developments: Cotton Field Wharf, Sawmill Court, Smith’s Yard, Weavers Quay.
Our mission is to redefine renting in Manchester, providing desirable homes and great customer service for our residents in one of the city’s most vibrant residential neighbourhoods on the eastern edge of the city centre.
Before we started developing our rental offer, we heard what would make a great home and what makes a great landlord.
We also learned about what needs to change. This careful research has helped to shape the design of our developments, the letting process, and our customer service commitment. From start to finish we are focused on providing exceptional customer service, streamlining the rental process, and ensuring the attention to detail that encourages our tenants to feel at home and stay for longer.
What makes us Manchester Life
- Manchester Life is the Investor, developer, landlord, agent, and manager – this through-the-life approach ensures that place making, design, development and management decisions are taken based on the long-term interests of the residents, owners and Manchester
- Building out all six Phase One sites at once means place creation is at the heart of what we do – confidence has returned to Ancoats and its regeneration potential, and other developers are now active again
- We take a neighbourhood-wide approach to planning commercial space within our residential developments. We have created over 27,000 sq ft of commercial space within our Ancoats developments for independent Manchester businesses to help grow a vibrant and thriving community
- Manchester Life is one of Manchester’s largest employers, with over 1,000 workers from our cohort of contractors and subcontractors involved in Phase One developments.
- The Manchester Life Project Apprenticeship is a partnership between MCC, Manchester Life, The Manchester College and Manchester Life’s supply chain. There have been 26 bespoke Higher Apprenticeships over the past two years, with Year 3 recruitment currently underway
- Maximizing local employment is a priority. We coordinate closely with Manchester City Council and the Department for Work and Pensions to provide opportunities for construction industry workers. We particularly support the unemployed by providing CSCS and H&S training to help people get on to site
- We hold “Meet the Buyer” events to promote local businesses to our Tiers 1 and subcontractors. All our consultants must have a Manchester office to support local recruitment and job creation
Commitment to our residents and buyers
- We aim to rebalance the relationship between landlord and tenant to one of equals where customer service and satisfaction is central to the success of our business
- We offer prime City Centre amenities – club room, gym, concierge – in Ancoats. On site, 24/7 concierge and in-house maintenance teams ensure high levels of service and security. Manchester Life employs a Placemaker to build the residents community and ensure high levels of retention, promoting community cohesion
- Prices start at £675 unfurnished for a one-bed, £900 unfurnished for a two-bed, £1350 unfurnished for a three-bed, which is within reach of those on Manchester average household income
- Up to 3-year tenancies with rent increases fixed at RPI are available, renewal fees are limited to re-charging for credit checks, with no mark-up added. We welcome sharers and subject to availability, we’ll also allow tenants to change apartments as their requirements change
- Our homes for sale are being built for Manchester. From the outset, all 124 homes in Murrays’ Mills are reserved for owner-occupiers only. This is 80% of our current for-sale homes
- We do not market our homes abroad or outside Manchester and do not require large deposits – 10% with balance on completion. Help to Buy is available and we are providing Homeowner Warranties, including for Murrays’ Mills which is a Grade II* conversion
- Ground rent will be paid to the owner of the freehold, and unlike many other properties, will be fixed for 15 years and then reviewed on an RPI basis every ten years thereafter