ST MICHAEL’S SETS NEW SALES RECORD FOR MANCHESTER

Relentless Developments and Salboy have sold 98% of the branded residences at St Michael’s, less than 6 months since launch.

The development introduces the first branded residences to the city, bringing hotel-inspired living alongside a 5 star experience within the development’s iconic 41-storey tower.

Sales launched in the UK in November followed by a global launch at the end of the year, with the scheme’s penthouses and larger apartments the first to be snapped up by UK owner-occupiers and waiting lists already in place.

A number of sales also see British citizens abroad returning to the UK in order to set up home at St Michael’s, in Manchester’s most exclusive postcode.

Simon Ismail, Co-founder & MD, Salboy Group, commented: “We knew Manchester’s first branded residences in this one-off prime location would make a huge impact but the response has been overwhelming. This has been our fastest-selling launch to-date at record-breaking prices - we’re now expecting to see prime properties selling at £1,000 per sq ft within the next five years. The intense demand from purchasers proves Manchester can now sustain values comparable to London and other European capital cities and that is something our city should be rightly proud of.

“It’s also great to see so many British citizens buying into the scheme as people compete to snap up the immersive, design-forward living. I’d like to thank Gary and both our teams at Relentless and Salboy for supporting the launch along with all our sales partners who’ve helped make this happen.”

Gary Neville, Director at Relentless Developments, added: “Our intention for St Michael’s has always been to show the world Manchester’s true potential. It was a bold move to host the city’s first branded residences but we were confident there was a strong market for this type of living in Manchester’s most exclusive postcode. Delivering the sales results we’ve seen has been incredible.”