Monthly Archives

December 2015

Season’s Greetings

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The team at Portergate Property Management wishes all our investors, colleagues, staff and students greetings of the season and a prosperous, safe New Year.

In keeping with our community ethos, this year we have chosen local charity, the Wood Street Mission, to support and staff and residents have all been helping out.

The charity has, for 143 years, been offering practical help to children and families living in Manchester and Salford with everyday items most of us take for granted.

Its Christmas Appeal, which Portergate and the Riverside team are supporting, helps some 2,000 local families during the holiday season, but its work is a 12-month operation to help alleviate poverty in the area.

You, too, can join in by making a donation to the Wood Street Mission here: https://www.justgiving.com/woodstreetmission/donate/

 

Delivering continuity of service as standard

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Continuity and high standards are the hallmark of the management ethos at Riverside House.

The team at Riverside, many of whom have been with Portergate Property Management from the very beginning, prides itself on delivering excellent customer service – it’s one of the reasons why students are flocking to enjoy its boutique hotel-style accommodation.

And to help Portergate continue to achieve that level of care 24/7 it has strengthened the team with the appointment of its latest member. Hannah Gronan has joined the student accommodation’s staff as concierge.

Hannah has all the attributes that makes Portergate staff stand out – providing the friendly help and support for students which have become their hallmarks.

She is well equipped to deal with any problems students may have after spending time developing her skills as a customer service advisor at a housing association based in Oldham.

Her skills and experience include dealing with tenants and customers queries, general housekeeping, promoting and filling vacancies, identifying and reporting maintenance and repairs.

Hannah is a qualified first aider and holds a NVQ Level 2 Qualification for Delivering Excellent Customer Service.

And the clear staff development plan at Portergate will see Hannah promoted to Accommodation Supervisor in the New Year.

Karen Preece, managing director of Portergate Property Management, says much of the Riverside success story is down to the hand-picked multi-lingual staff that operates to such high standards.

She says: “We’re delighted to have Hannah on board as the latest addition to our staff team here at Riverside House.

“We’re sure that she will make a valuable contribution to the lives of students here. The role of concierge is an important one in helping make our students’ stay as comfortable and problem free as possible and Hannah’s experience in customer service is already proving to be of great help.

“The tremendously high standards that we set reflect the demands and expectations of today’s students, and in particular their parents, who expect their sons and daughters to live in hotel-class accommodation while they enjoy their higher education.

“We are here to protect and maintain the investment for our clients and that is why we always insist on high levels of customer service and standards.”

Second phase of Salford regeneration unveiled

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Ambitious plans for the £9 million second phase of the Riverside House development in Salford have been unveiled by Portergate.

And it means attractive new opportunities for investors to play their part in the continuing Riverside success story and the increasing pace of regeneration of the area.

The riverfront apartment scheme promises to add another exciting chapter to both the growth of the forward-thinking development company and Salford.

Portergate Developments is seeking planning consent to create 45 luxury one, two and three bedroom apartments, along with a convenience store and café on the prime site, next to the successful £8 million hotel-style student accommodation building on the banks of the River Irwell.

The apartments, many with balconies and river views, will be managed by Portergate’s property management arm and are aimed at young professionals, key workers and first time buyers.

The project will become the only bespoke private apartment residence, including a number of duplex apartments, on the stretch of the Irwell that leads directly into Manchester’s Cathedral Quarter and main shopping district.

The café will be located on the first floor of the development to give it river views.

The proposed plan also involves improvements to the riverside walkway and secure car parking for residents.

Anthony Jackson, chairman of Portergate, is confident the development will attract investors, including those who have already seen good returns from their initial investment in Riverside House.

He believes Phase II of Riverside, on a vacant 2,350 sq metre site backing onto St Simon Street, will also play another key role in the continued regeneration of the area, providing much needed homes for ambitious young people in the city.

A planning application has been submitted to Salford City Council and the proposals are set to be discussed early next year.

The proposed development has been designed by leading North West architecture practice Studio KMA.

The decision to go ahead with the development follows the continuing success of Riverside House, which is now attracting students from across the globe and sold out its 242 hotel-class rooms in record time this September.

Anthony Jackson said: “Riverside House has been a major success story for us. Students really enjoy the experience of living there and the demand for apartments is testament to the quality of the accommodation and the service provided.

“The next phase of Riverside promises to be even more successful, with luxury apartments aimed at graduates, young professionals and key workers.

“We believe there is a massive demand for this well-designed style of city living in the area and, coupled with the strong retail and restaurant offering, it is something the community in the area is crying out for.

“We’re already seeing a lot of interest in this second phase from existing and new investors, who are excited by the plans we have drawn up to deliver a building that is as stylish and welcoming as Riverside House.

“It really is a question of watch this space! We will be looking to start work on the development as soon as we get planning permission.”

Andrew Titterton, director of Oldham-based Studio KMA, said: “The proposal substitutes a vacant depot site with a high quality residential-led mixed use development.

“It also improves upon the pedestrian link between St Simon Street and the River Irwell, an immeasurable benefit to the surrounding residential area.

“The aim has to provide further choice to apartment living in Salford. The proposal comprises both single and dual aspect accommodation a number of which are duplex layouts.”

Why the UK’s student accommodation market is top of the class

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Record numbers of students in Manchester and Salford are looking for high quality accommodation like Riverside House – with demand continuing to grow across the two cities.

And that increasing call for modern, luxury living spaces, which is being seen across the country, continues to drive investment in the UK’s student accommodation market, according to the latest research seen by Portergate Property Management.

In fact, experts at real estate advisors Savills are predicting that investment in the UK’s market is set to exceed the USA for the first time ever.

The prediction was carried in Savills’ World Student Housing Report, published recently and which attracted widespread publicity in the property media.

According to reports, the UK saw an investment of $6.5 billion, excluding land sales, compared to just over $3 billion in the USA, with the new figures showing the UK’s record numbers were driven by foreign investment.

Marcus Roberts, Savills’ director of Student Investment and Development, was also reported stating that the UK remained the second most popular destination for international students.

There was more bullish news in Savills’ 2015 Spotlight on UK Student Housing report published in November, which also confirmed the market is witnessing record levels of investment.

It said: “With a proven track record of returns and strong demand from students, the first five months of 2015 have seen record investment into the sector from across the globe.”

The report also had good news for the Manchester student accommodation market. It remains buoyant, as seen by the fact Riverside is attracting the attention of students from educational establishments across the city.

Manchester has been promoted to the top flight of Savills Development League Table which considers the potential for future development of direct led purpose built student accommodation.

The report says: “Manchester is promoted into the First league, reflecting both strong demand and a need for more supply.”

Karen Preece, managing director of Portergate Property Management, says the company has witnessed first-hand how that demand for quality student accommodation in Manchester and Salford continues to grow.

She said: “You only have to look at the demand we saw in September from students studying in educational establishments across the area.

“The fact is that in both Manchester and Salford we are seeing record numbers of students looking for high quality accommodation like Riverside.”

It all adds up to make student accommodation an increasingly attractive investment prospect.

As Savills reports: “The student housing market has come of age and is no longer a specialist or alternative investment class.”

Making New Year resolutions that count

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The countdown is on to Christmas – but before the party season kicks in now might be the time to look ahead to the New Year and put together some resolutions that will keep you in pocket in 2016.

The team at luxury student accommodation Riverside House in Salford believe now is the ideal time for students to take stock of their situation and make some strong financial resolutions.

With the expense of Christmas being felt in the wallet the need for good student budgeting and well thought out, creative moneysaving measures is as important as ever.

And to help you get started here are some simple resolutions that you can make to help have a more prosperous 2016.

  • Making and sticking to a budget is vital. It’s a simple but important process in managing your finances. Just looking at your account balance and working out how much cash you will need every week can make a massive difference and keep you on the straight and narrow.
  • Leave your bankcard at home. That way you won’t be tempted to visit the cash machine to pay for that kebab on the way or home, or to head for another round of drinks. Just take out the amount of money you can afford to spend on a night out. Leaving the card at home during the day will also stop spur-of-the-moment purchases that you haven’t budgeted for and don’t really need. Take a look at what you’re spending your cash on – and then act. Stop buying that extra drink or treating yourself to the lunchtime sandwich you can’t afford.
  • Plan your meals. Shop on a weekly basis and look out for supermarket offers and own-brand foods. With a shopping list you are less likely to make impulse buys. Also if you plan your meals for the week, you are less likely to hit the phone to order a takeaway. Cooking at home is cheaper and it’s also a more healthy option. And why not cook with your friends and flatmates, it’s a fun way to socialise.
  • And while we’re on the subject of food, cut back on takeaways altogether. Don’t order a pizza delivery; instead buy a frozen pizza during your weekly shop. Walk past the kebab house or takeway and have a bowl of cereal when you get home instead. Some statistics suggest UK students spend on average £54 a month on takeaways – it’s a sobering thought!
  • Boost your finances. If you are looking to make extra cash, selling old textbooks through sites such as Amazon might be a help. You can also make cash by selling off other unwanted items, such as DVDs and CDs, through sites like musicMagpie or by using eBay.
  • Take advantage of discounts. Make the most of your NUS card, and look at if it’s worth signing up for an NUS Extra card. Also keep an eye out for discounts in individual stores and seek out vouchers. All can help save the pennies. And if you haven’t got a Railcard consider if getting one might save money on those trips home.
  • It also pays to look at price comparison sites, to make sure you are getting the best deal. However, before buying anything ask yourself the question: Do I really need this?
  • Create an emergency fund. If you can, put a £5 note aside at the end of every week. Collect your loose change in a pot. Some people collect £2 coins. By this time next year you’ll have money that you can dip into if that unexpected bill drops. As all students know – every penny counts, even when it comes to buying a round of drinks in the Student Union bar. Count the pennies now and at least you’ll avoid suffering a financial hangover.

Why the UK’s student accommodation market is top of the class

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Record numbers of students in Manchester and Salford are looking for high quality accommodation like Riverside House – with demand continuing to grow across the two cities.

And that increasing call for modern, luxury living spaces, which is being seen across the country, continues to drive investment in the UK’s student accommodation market, according to the latest research seen by Portergate Property Management.

In fact, experts at real estate advisors Savills are predicting that investment in the UK’s market is set to exceed the US for the first time ever.

The prediction was carried in Savills World Student Housing Report, published recently and which attracted widespread publicity in the property media.

According to reports, the UK saw an investment of $6.5 billion, excluding land sales, compared to just over $3 billion in the USA, with the new figures showing the UK’s record figures were driven by foreign investment.

Marcus Roberts, Savills director of Student Investment and Development, was also reported stating that the UK remained the second most popular destination for international students.

There was more bullish news in Savills’ 2015 Spotlight on UK Student Housing report published in November, which also confirmed the market is witnessing record levels of investment.

It said: “With a proven track record of returns and strong demand from students, the first five months of 2015 have seen record investment into the sector from across the globe.”

The report also had good news for the Manchester student accommodation market. It remains buoyant, as seen by the fact Riverside is attracting the attention of students from educational establishments across the city.

Manchester has been promoted to the top flight of Savills Development League Table which considers the potential for future development of direct led purpose built student accommodation.

The report says: “Manchester is promoted into the First league, reflecting both strong demand and a need for more supply.”

Karen Preece, managing director of Portergate Property Management, says the company has witnessed first-hand how that demand for quality student accommodation in Manchester and Salford continues to grow.

She said: “You only have to look at the demand we saw in September from students studying in educational establishments across the area.

“The fact is that in both Manchester and Salford we are seeing record numbers of students looking for high quality accommodation like Riverside.”

It all adds up to make student accommodation an increasingly attractive investment prospect.

As Savills reports: “The student housing market has come of age and is no longer a specialist or alternative investment class.”

Portergate unveils second phase of Salford Riverside regeneration

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The plans for the £9m investment project have been submitted to Salford city council by Portergate Developments, which is aiming to deliver the second phase of the acclaimed Riverside House development in Blackfriars Road and St Simon Street.

Plans to build luxury homes on the Irwell riverbank in Salford – between Broughton Bridge and Trinity Way – have been drawn up by an ambitious Manchester developer xenical buy online.

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Luxury Riverfront Apartment Scheme Proposed

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Plans have been submitted to build a luxury riverfront apartment scheme (pictured) on the banks of the River Irwell in Salford.

Portergate Developments has lodged the ambitious proposals with Salford City Council. The £9m investment project forms the second phase of the Riverside House development on Blackfriars Road and St Simon Street.

The company is seeking permission to create 45 luxury one-, two- and three-bedroom apartments along with a convenience store and a first-floor café on the vacant site, which backs onto St Simon Street between Broughton Bridge and Trinity Way.

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