The housing development boom in Manchester is gathering pace. Skyscrapers are rearing up across the city, with many more in the pipeline, while a housing crisis continues for many. An increasing number of these luxury high rise apartments are being snapped up by overseas companies, the ultimate owners of which are often shrouded in the […]
The men behind Manchester City: the dark side
Guest article from Nicholas McGeehan. Second part to an investigation into the background of the owners of Manchester City Football Club: The trailer for the forthcoming Amazon Prime documentary ‘All or Nothing: Manchester City’ is out and it’s hard to escape the feeling that they came mighty close to calling it ‘Death or Glory: Manchester […]
Cities are recognising the dangers of speculation and big capital: what will Manchester’s politicians do next?
With thousands of housing units being built in across wards including Deansgate, Piccadilly and Ancoats, central areas of Manchester have now become a key investment ‘hot-spot’ for profit-seeking finance that cares little for local communities. This rampant speculation, surge in international investment and links to rising rents, displacement, homelessness and destruction of heritage and culture […]
Tax haven company owns £27m of Manchester property, but who owns the company?
One company registered in the British Virgin Islands tax haven owns property in Manchester with a value of around £27 million. The company name is Wisdom Max Group Limited, but who is the ultimate owner of this company and how did they make their money? These are questions that commonly go unanswered due to the […]
Dramatic rise in tax haven companies owning property in Manchester mimics the city’s growing skyline
Property in Manchester is not only reaching for the sky: its ownership is extending across the globe. With investors keen to cash in on the lucrative high rise luxury housing boom in Manchester city centre, the number of properties owned by companies registered overseas has risen by 8.8% in just eight months. Tower blocks are […]
No social rent housing built in Salford and just 15 Section 106 houses gained
Guest article from The Salford Star: Latest figures published by the Government for 2016/17 show that no social rent housing was built in Salford, while just 15 houses were gained through Section 106 agreements – all of which were either for the more expensive ‘affordable’ rent or shared ownership. This is just more proof of […]
Manchester’s first Mindful Art Centre opens in Levenshulme
Manchester’s first Mindful Art Centre is launching in Levenshulme Old Library on 27 April, 4pm-9pm. Local social enterprise The Owl and The Coconut are behind the centre, which opens with a community crowd-sourced exhibition and offers of free places on their Mindfulness and Mindful Art courses. The ‘Levy Life’ exhibition, a partnership between Levenshulme Old […]
Endemic avoidance of payments to councils by property developers revealed, while affordable housing is sacrificed for profit
A comprehensive report on the huge sums of money fuelling the housing development boom in the city centre has revealed the scale of non-payment of development funding to the council: only 8% of housing development in Manchester City Centre included in the study had any Section 106 agreement at all. The lack of money collected […]
Andy Burnham to hear of tenants’ struggles at Manchester Renters’ Forum
The ever increasing number of renters fed up with poor housing conditions, rising rents and bad landlords will have a chance to vent their frustrations at a Manchester Renters Forum on the 1 March. Two people with the power to influence the housing situation – Andy Burnham, Mayor of Greater Manchester, and Paul Dennett, City […]
Why is the Labour Party falling out over Haringey?
Haringey council leader Claire Kober announced she would stand down last week, following an intervention by Labour’s National Executive Committee (NEC) into the dispute within the Haringey Labour party over a controversial regeneration plan with Lendlease, a private developer with a dubious history. Kober was determined to press ahead with a plan that had been […]