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:
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.
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: |
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Ali Al Frayhat Martin Lee Edelman Simon Pearce |
Sir Richard Charles Leese Joanne Lucille Roney |
Full Director details can be found on the Companies House website.
Development |
Rentals |
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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. |
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.