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.
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.
Manchester Life is a home-grown developer and landlord that blends a deep connection to Manchester with global real estate development and management expertise to deliver high-quality urban regeneration that establishes exciting and desirable communities.
For us, it’s all about staying true to Manchester’s irreverent, characterful roots, maximising the city’s growth potential, and developing the right rental and for-sale homes for Manchester’s people.
We believe in placemaking, high-quality design, exceptional management and customer service. Since 2014 we have been carefully planning and developing across Ancoats and New Islington to create everything people need to relish the experience of living in a historical yet cosmopolitan place.
We care deeply about creating great communities, so we have assembled local developers and building managers to collaborate on community safety and placemaking, and funded additional community policing, street lighting and neighbourhood CCTV.
Manchester Life Development Company (UK Company number 08800093) is wholly-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 of MLDC 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.