UK: CDL Hospitality Trusts, which owns five-star hotel The Lowry in Manchester, is set to launch a lifestyle build-to-rent (BTR) scheme behind Manchester Piccadilly station this June.
Marking the first residential venture from CDL, the BTR project – called The Castings – will offer 352 apartments ranging from studio to three-bedroom options.
Amenities include a yoga room, a gym, a games room, private dining space, and a coworking hub. At ground level, three retail and F&B units will service residents and locals.
The Castings community manager, Dave Evans, said: “In just a couple of months, we’ll be welcoming residents into our new community. The focus for The Castings has been to create much more than just apartments; it’s a whole new lifestyle, with the best service and living experience that Manchester has to offer.”
Evans added: “Piccadilly East is a really exciting area to be part of which already contains some of the most exciting venues within the city, it’s the next generation of Manchester, and following on from the footsteps of Ancoats we hope to continue to create the next bustling creative hub in the city.”
Prices for The Castings start from £1150 per month for a studio apartment, £1250 for a one-bed apartment, £1525 per month for a two-bed, and £2175 for a three-bed apartment.
Move-in dates are expected from June 2024.
CDL Hospitality Trusts has around S$3.3 billion assets under management as of 31 December 2023. In addition to The Lowry, hotels within its UK portfolio according to CDL’s website include Hotel Brooklyn in Manchester (due to be rebranded as voco under IHG) and Hilton Cambridge City Centre.
