- Alliance Investments secured Best Overseas Residential Development UK for Uptown, a premium riverside development in Manchester
- The company also won Best Overseas Residential Developer, Manchester. This is testament to 28 years of successful property development in the UK’s second largest city
- Recently launched in Hong Kong to sell properties directly to investors, Alliance Investments is growing from strength to strength. New offices and team expansion are imminent
12 July 2018; Alliance Investments, part of Manchester’s leading property developer Property Alliance Group, recently won Best Overseas Residential Developer, Manchester and Best Overseas Residential Development at the annual Squarefoot awards.
Alliance Investments is a specialist property company that sells Manchester real estate directly from the developer to investors. The company opened their Hong Kong operations in 2017 but they have quickly outgrown their offices due to significant demand for Manchester property.
28 Years of Developing Manchester
Commenting on how Alliance Investments, a relative newcomer to Hong Kong, was able to achieve two prestigious awards, Tom Russell, managing partner said, “We may be relatively new to Hong Kong, but we have a 28-year track record of developing Manchester. Our success has been built on developing high quality property that meets the exacting standards of our investors.”
The city is benefiting from significant investment as part of the UK government’s long term Northern Powerhouse plan. The result has been more businesses, jobs and workers, and therefore an ongoing need to build enough properties to meet demand.
“We are delighted that Squarefoot recognized us as Manchester’s best residential developer. The city is drawing significant interest from Asian investors who are looking for quality properties, competitive pricing and strong yields which London is no providing. Investors into Manchester can also still benefit from the same trusted rule of law and straightforward purchasing system.”
Uptown’s Riverside Living a Clear Winner
Alliance Investments’ second award of the night was for Uptown, a 156-unit premium development along the River Irwell in Manchester.
This award considered developments from around the United Kingdom, but Uptown came out as the clear winner.
Russell continues, “The team is really proud of being recognized for their work twice in one night. Riverside living is becoming increasingly fashionable due to the natural environment and fabulous amenities. At Uptown, you can benefit from riverside luxury and still be only five minutes’ walk to the city centre. This is going to be very attractive to potential tenants and we are anticipating yields of up to 6%. Needless to say, the development is selling extremely quickly.”
All of this begs the question; what next for Alliance Investments in Hong Kong?
“We are currently in the process of expanding our team and will be moving into new offices at the Centrium later this month. The direct-to-developer model works well for us. Hong Kong investors appreciate the immediate connection to the very people building their property. We are also in the process of expanding our reach to investors from other Asian cities such as Singapore, Jakarta and Kuala Lumpur.”
Investors who wish to learn more about Manchester can contact any member of the Hong Kong team or enquire via the website.