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SALFORD APARTMENTS BRANDED ‘DOWNTOWN MANCHESTER’ FLOGGED TO KNIGHTSBRIDGE INVESTORS
 

Star date: 7th September 2017

SALFORD FLATS THAT EVADED £1.2MILLION PLANNING FEES NOW ON SALE TO KNIGHTSBRIDGE INVESTORS

Luxury flats in Ordsall, already branded 'Downtown Manchester' by developer, Villafont, are being flogged to the rich in Knightsbridge as investment properties, promising a yield of 7%, with an average price of around £270,000.

When planning permission was granted by Salford City Council two years ago, the developers avoided £1.2million in planning fees and the provision of 75 affordable properties, as the scheme wouldn't have been 'viable' if they had to cough up.

Full details here...


Downtown Manchester - Salford Downtown Manchester - Salford Downtown Manchester - Salford
Downtown Manchester - Salford
click image to enlarge

The Monopoly board that is now Central Salford has been re-drawn recently, with more and more developers re-branding Salford apartment and office schemes as being in Manchester.

Nowhere is this clearer than on the banks of the River Irwell in Ordsall, where developer, Villafont, has re-branded its huge blocks of 368 PRS (Private Rental Sector) apartments as 'Downtown Manchester', with the city 'Salford' not mentioned once on its publicity.

In May, activist artists did a bit of their own re-branding, adding photos of old Ordsall, bulldozers and homeless tents to the 'luxury riverside living' hoardings that dominate the site (see previous Salford Star article – click here).

Having re-branded the apartments as in 'Manchester', the developer is now flogging them to rich investors in Knightsbridge, who were invited to an 'exclusive opportunity' to buy property in the 'prestigious hotel style development' by agents Alliance Investments.

In the first release of Block A two bedroom flats, the cheapest is £254,030, ranging up to £322,000, with an additional £20,000 for a parking space. One bed flats in other phases are 'from' £185,000 and three bedroom flats are 'from' £286,000.

The developer states that the first phase has already sold out, which flies in the face of a planning application report submitted to Salford City Council in 2015 claiming it could not afford the £1,221,278 planning fees and obligations, plus the provision of 75 affordable properties, as it would make the scheme 'unviable' (see here).

Salford Council duly waived all the fees and demands for affordable housing, issuing a mere 'clawback' agreement whereby if profits were high enough it could claim some money back. So far, the Salford Star knows of only one housing scheme where this has happened in Central Salford.

These 'viability' get outs can be seen as back door public subsidies for rich developers, and the Star estimates that well over £42million in planning fees and over one thousand affordable houses have been lost to the city over the past few years (see here and see here and see here).

Meanwhile, Ordsall itself has a chronic need for more affordable housing, school places, doctors and dentists, and the area less than one hundred yards away from these apartment blocks is still within the 3%-7% most deprived places in England.


See also previous related Salford Star articles...

Fred Done £22million Publicly Subsidised Flats Marketed to Hong Kong Investors – click here

Salford Property Gold Rush Sees Only Two Affordable Properties Out of 751 – click here

Salford Joins National Petition To Make Developers' Viability Figures Public – click here

Salford Residents Pushed Out Through Ordsall Property Boom – click here

Dazz wrote
at 16:47:02 on 08 September 2017
It is not just these properties, the "Manchesterfication" of Salford has been going on for years! Salford is clearly seen as a toxic brand and through their inaction, Salford Council must clearly feel the same? The Lowry Outlet Mall is now at Media City, Mancheser, the Holiday Inn next to the BBC is the Holiday Inn, Manchester! Why is Salford City Council so silent on these issues? They are clearly not proud to promote, represent or live in Salford are they? They even used Educating Greater Manchester on Channel Four, if more proof were needed. These new apartments are just the latest in a long line of "Investment Opportunities" that will attempt to "gentrify" areas, killing off communities and businesses with row after row of holiday or mostly empty apartments. Public services will not be used sufficiently so won't exist and those remaining locals will have to travel further. We only have to look at what has happened in London to recognise the similarities and what our fate will be! If you are not happy you have to show it at the ballot box. Einstein defined "Insanity" as repeating the same actions and expecting different results! The lack of transparency, dodgy investments and inaction could very well be seen as misfeasance in public office!
 
Salford Heart Salford Blood wrote
at 09:37:46 on 08 September 2017
When you listen to all the spiel about how the outsiders who come to Salford are going to make our lives better it sounds great. But when you look at it even just a little and weigh it up, does it? These outsiders/ newcomers or whatever you want to call them, actually don't benefit the rest of Salford or it's residents. The developers don't pay planning fee's or build affordable housing. The BBC and others don't create jobs for Salford people other than the odd cleaning job. The usual shite about "bringing in extra council tax", which has been a long time favourite trotted out by another outsider, John Merry, doesn't help most Salfordians. Where do you think this EXTRA council tax will be spent? At a guess, keeping the outsiders happy so they will stay in Salford, in there own little enclaves. These outsiders should be seen for what they really are COLONIALISTS
 
Michael James Felse wrote
at 09:37:43 on 08 September 2017
I cannot blame Mayor Dennett for collective cumulative problems in Salford. The problems have come over many decades. I know him to be a good decent man and trust his clear commitment to find solutions. I too hope to be part of the changes and would be well up for recalling builders contracts to reclaim £40million into Salford Council.
 
Michael James Felse wrote
at 09:37:06 on 08 September 2017
My long experience in Salford also tells me we have many other good, decent Councillors along with Mayor Dennett. Councillor Paul Longshaw gave such committed service. I do urge Salford Councillors to depart from party politics and work together more. We are one community even with our differences. We must find new ways to pull together.
 
Phantom Reporter wrote
at 07:18:42 on 08 September 2017
Bob did you even bother to read the full news item/s about how much money has been written off by the council to these construction companies 100 of millions of plaining fees, I think that maybe Bob should wake up and smell the coffee. Jon is bang on with what he has said.
 
Caroline Gray wrote
at 07:18:37 on 08 September 2017
councilors and developers are in each others pockets ..fact ..Bindloss trashed then which they did then charged 15.ooo half for council tax.my husband was loved by all except a few everyone did not like ..brain they told us in court complained said clerly did not wont house sell to developers...an told to them un do damage ..papers were given to salford ..oops gone missing they said ..bull lies ...would not trust your council as far as i could throw them
 
bob wrote
at 15:51:28 on 07 September 2017
As much as I dislike Dennett and his gang, along with countless others, I find it hard to agree with Jon Smith about the old boy network. From my own limited experience in the construction industry, from time to time,I have come across the odd developer or two. They all seem to me to be a bit smart and street wise. I cannot see for one minute any of these guys being daft enough to be in any "old boy network" with any of our dim witted council members. The brain power gap is just to large. There are no sinister goings on, our council members are just simply dim, end of story.
 
Phantom Reporter wrote
at 11:23:47 on 07 September 2017
What a crock of shit, people of Salford missing out yet again, these money grabbing morons need kicking into touch and the council need to get their fingers from up their arse and now make these building companies pay up and stop taking the piss.
 
Jon Smith wrote
at 10:59:53 on 07 September 2017
It makes you wonder why Paul Dennett and the rest of our councillors have not gone to these developers and told them to redo their advertisement regarding these properties, and if they had made these developers pay the planning fees, maybe Salford City Council would not have to be borrowing the £25 million to removed and re-clad the nine tower blocks that are deemed unsafe by the government. The people of Salford should now be demanding a public investigation into who agreed to drop these planning fees and if any contract or agreement was put into writing about the affordable housing? sounds like the old boy network all over again. Salford City Council being open and transparent? what a f@#*ing Joke.
 
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