Development Overview.
A brand-new 26-storey tower that will stand proudly over the city centre and create 250 exceptional new homes for the area.
An unmistakable and daring design from Studio Power ensures that Obsidian stands out from the crowd and makes a confident new statement on the skyline with its stepped façade. The building is thoroughly modern, yet rooted in the industrial past of the site, once the home of Salford Iron Works, to create a contemporary home that is animated by urban sensibility and a real sense of place.
The building is in the heart of the city centre, with a sought-after M3 postcode. It is only a few minutes walk from a selection of shops, bars, restaurants, entertainment centres, and more. Obsidian Manchester is a 15 minute walk from Manchester Victoria Station and a 10 minute walk from the AO Arena. It offers unparalleled access to everything this vibrant city has to offer, including strong transport links to the rest of the city and beyond.
Key Highlights.
- Central location - Ideally located in Manchester city centre
- Exceptional interiors - Obsidian will be finished to the highest quality, with no detail left unexamined
- Unrivalled amenities - Residents will access to a onsite gymnasium, cinema room and private dining area
- Work in style - Various co-working spaces will be provided to help tenants work from home
- Industrial history - Inspired by the site’s history, Obsidian is uniquely designed
6%
Estimated Yields.
£251,000
Starting Price
Q4 2026
Estimated Completion
About the Developer.
Salboy is an award-winning property developer and funder with an impressive track record of delivering high quality housing across the UK.
At the forefront of property development in prime locations throughout the United Kingdom, renowned for creating world-class places that leave a lasting impression.
From prestigious branded residences to boutique family homes, their portfolio reflects their commitment to excellence in design and amenity.
By taking a collaborative approach, Salboy assemble the right talent to deliver top-quality projects that revitalise neglected brownfield sites into vibrant, socially led neighbourhoods which support local regeneration and create communities where residents can thrive.
Client Testimonials.
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Investment Case: Why Manchester?
- Manchester recorded the highest GVA growth across the Big Six cities over the last 10 years as the Northern Powerhouse economy grew by 32%. And over the next decade, Manchester is forecast to have the second strongest GVA growth of 23%, only being beaten out by Bristol by 1%.
- Throughout the past 10 years, Manchester has had nearly 10% growth in population. This is above the average for the Big Six cities, which sits at 8.7%, and it also surpasses the UK population growth by some distance, which totalled 6.3%, over the same period.
- Additionally, Manchester is experiencing the highest annual rental growth in the UK with a 19.6% increase in the year to June 2023.
- Findings from the latest JLL Buyers and Tenants Survey (click) show there is a growing appetite for properties, including flats and apartments, in central locations close to key amenities, such as public transport, leisure facilities, shops, restaurants and pubs.
- The University of Manchester is the largest and most applied to university in the UK - Manchester has one of the highest retention rates of students at over 32%. There are other significant Universities in the City too (Manchester Metropolitan, University of Salford, Royal Northern College of Music)