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 |
Beverley Anne Craig Joanne Lucille Roney |
Full Director details can be found on the Companies House website.
Development |
Rentals |
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Established in 2014 to provide homes for Manchester’s professional population and restart the regeneration of Ancoats and New Islington, Manchester Life operates as an investor, residential developer, place maker, and landlord across Ancoats and New Islington. So far, Manchester Life has invested over £250m to deliver nearly 1,500 rental and for-sale homes across nine new developments and two historic mill conversions. Over 30,000 sq—Ft of space for local businesses has been provided within the developments to establish a thriving neighbourhood economy. This investment has acted as a catalyst for further regeneration and development in the area, which has seen Ancoats transform into the vibrant, sought-after, and nationally recognised neighbourhood it is today. The third phase of regeneration and development across Ancoats and New Islington is commencing to provide a range of housing requirements and deliver the Ancoats Mobility Hub to embed sustainable transport choices and last-mile delivery into the neighbourhood. |
Manchester Life Management Limited (the rental arm of Manchester Life) is responsible for 1073 rental homes across five rental developments. The MLML team is over 60 staff, covering marketing, leasing, facilities management, placemaking and housekeeping. The mission is to redefine renting in Manchester, providing desirable homes and excellent customer service for our residents in one of the city’s most vibrant residential neighbourhoods on the eastern edge of the city centre. Manchester Life created the first ‘placemaker’ role within Manchester to create a sense of community, events, and connections for residents. Amenities with Manchester Life’s five rental communities include 24/7 concierges, on-site maintenance teams, gyms, club rooms to create a sense of community and enable home working. |
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.