Properties

The Castings
(Residential Build-to-Rent)

9 Heyrod Street, Manchester M1 2DY

  • Apartment Units

    352
    Apartment Units

  • Land Area

    ~28,577 sq m
    Gross Internal Area

The Castings is a residential development comprising 352 apartment units, including a mix of studios, one-, two- and three-bedroom units, with a total residential net internal area of 20,370 sq m.

The property is located in Piccadilly East, a rapidly emerging mixed-use neighbourhood focused on providing a high quality public realm, vibrant ground floor activity and some of the best connectivity, working and living environments in the city. In addition, The Castings is minutes from the highly popular districts of Ancoats, The Northern Quarter and New Islington.

The Castings is located within two kilometres from the Manchester CBD and boasts convenient accessibility, being within a nine-minute walk to Manchester Piccadilly Station, which is the main train station in Manchester that has direct access to the airport and links Manchester to London and other major cities across the UK. The Manchester Piccadilly Station is served by the local Manchester Metrolink and bus lines, offering ease of travel to Spinningfields (a six-minute tram ride), the biggest commercial district in the city, Manchester Arndale shopping centre (a five-minute tram ride) and the Old Trafford football stadium (a 14-minute tram ride). In addition, The Castings is a 20-minute walk from The University of Manchester, which is a leading Russell Group university.

The property was recognised at The Brit List Awards 2024, where Ten, the interior designer of its amenity spaces, won the Public Area of the Year award for The Castings. The project was praised for its thoughtfully designed multi-purpose spaces, featuring exceptional use of materials and colours. This award highlights The Castings' outstanding amenities, which seamlessly blend high-quality design with functionality, setting it apart from the competition.

NOTABLE ACCOLADES

  • • The Brit List Awards 2024 | Public Area of the Year

 

Property Details [  –  ]
Number of apartments 352
Amenity spaces Internal and external common amenity spaces which will include a gym, fitness studio, cinema room, resident lounge, games room, co-working and meeting spaces, a private dining room with kitchen and roof terrace
Other facilities 352 bicycle parking spaces
Ground floor commercial retail spaces (~398 sq m)
Car park facilities 20 car park lots
Gross internal area ~28,577 sq m
Title Freehold
Total development costs £82.0 million
Purchase price at 31 August 2021 under a forward-funding arrangement £73.3 million
Valuation(1) as at 31 December 2025 £97.7 million
Opening date 16 July 2024
Property Management Agreement Details [  –  ]
Operator Native Residential Limited
Term of property management agreement 5 years from 4 June 2024, expiring 3 June 2029
FY 2025 Key Financials [  –  ]
Gross revenue S$8.5 million(2)
(£5.0 million)
Net property income S$4.7 million(2)
(£2.7 million)
Physical occupancy rate as at 31 December 2025 90.3%
  • (1)The valuation of this investment property was carried out by CBRE Limited using the Capitalisation method.
  • (2)Based on average exchange rate of £1.00 = S$1.7210.
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