Oxygen has continued to progress well regardless of the difficult social situations we are all currently facing. COVID-19 has presented each individual who operates within the construction industry various challenges and our team at Oxygen have continued to evolve our process and procedures in order to mitigate its impact.
Whilst there has been unavoidable delay, we have continued to work closely with our construction team, even extending working hours by working weekends and opening up additional work fronts in order to recover for lost time and keep Oxygen on programme.
Cladding to Tower 1 is no progressing from level 26 right through to level 31, and all cladding on Towers 2 and 3 is now complete. Glazing has reached level 15 on Tower 2 and has begun on the 32-storey Tower 1. Additionally, lifts have been installed and commissioned in Towers 2 and 3.
Fit-out works are going well across all 3 towers, with the first tranche of finished apartments now being fully handed over. Furthermore, the show apartment is now completed and will be available in the new year for viewings.
Finally, the mezzanine floor to our reception area has now been installed and we are in the process of putting the finishing touches to the design of our cinema and part room. Both of which will commence in Q1 2021.
Works have continued over the past three months through the COVID-19 pandemic, and the concrete frame works are now complete in Towers 1 and 2. The frame for Tower 3, and the associated tiered concrete frame to the gardens on the southern aspect, is on programme to complete imminently. All concrete cladding to Tower 3 completed in May, with the penthouse level now fully enclosed.
The installation of windows and curtain walling to this tower should be complete on schedule by the beginning of July. These works are also progressing rapidly on Towers 1 and 2.
Internal fit out works continue across all three Towers between levels 1 and 6. This includes partitioning, 1st fix mechanical and electrical works, and all plastering. The show apartment is expected to be ready for final decorations and staging in July.
Photos enclosed show construction progress as of June 2020.
The frame of Towers 2 and 3 are complete and the post-tensioned concrete slab pour is currently at the 27th floor on Tower 1.
Cladding and window systems are being installed across the façades of all three towers, and fit-out works have begun up to the third floor in Towers 1 and 2.
Works to construct both the 16- and 32-storey cores of Oxygen are now complete, making the building a striking presence on the Manchester skyline. The post-tension slab is up to the 17th floor in Tower 1, the 14th floor in Tower 2 and 10th floor in Tower 3.
Pre-cast concrete cladding panels are currently being installed on the Millbank Street façade along with the windows from the ground to the 4th floor. Fit-out works to these floors also began on 25th of November and are progressing well.
Photos enclosed show Oxygen construction as of December 2019.
The Oxygen development has started to dominate the skyline with the core between towers 2 and 3 now at full height, whilst the core between towers 1 and 2 is currently stood at 27-storeys. The floor slabs are currently at floor 10 in tower 1, floor 8 in tower 2 and floor 5 in tower 3. Externally, the façade brickwork to the townhouses has started and is up to first floor height.
Photos enclosed show construction as of September 2019.
Oxygen Towers is an exciting new, high specification development of 360 apartments spread across 3 towers, in Manchester. The biggest of the 3 comprises of 240 apartments, contained within a 31 storey neighbourhood. It hosts a range of amenities such as a concierge, a Pool, a Jacuzzi, a Gym, a Spa, a Cinema room and last but not least, Sky gardens. The site is home to 12 luxury family townhouses at ground level. Then there a 3 spacious penthouses, and the remaining 345 1, 2 and 3 bedroom apartments above and basement car parking below. In this way, Oxygen Towers sets a new benchmark in 5 star city living.
Every apartment and townhouse is finished to exceptionally high standards. Full height windows flood the space with natural daylight. Additionally, balconies offer panoramic views over the city and the Peak District National Park beyond. At the heart of the building is a vibrant social hub; offering residents a wealth of luxury leisure amenities featuring a gymnasium, spa as well as shared outdoor spaces; for example, a garden terrace of stepped allotments on the south corner of the building.
Prices start at just £265,95, the site is located in Manchester’s emerging Piccadilly Basin district. The site also offers yields up to 5.99%. Most of the apartments are now sold, with less than 10% of the properties still on the market, as of July 2019.
Worth £133billion, Manchester’s property market is the third most valuable in the country and is only likely to grow. As of April 2018 there were over 11,000 new homes under construction in the city. This is including large numbers of residential and luxury off plan properties. Leading the way in Manchester’s construction are Alliance Group who are one of the biggest players in the buy-to-let construction market.
So what is the reason for this increasing requirement for new housing? The population is booming but not only because people are heading to Manchester for its excellent career opportunities and vibrant nightlife. But also because people are staying; the city has an excellent graduate retention rate with over 50% of its 105,000 students per year choosing to stay. Demand for investment opportunities is growing too as investors turn towards Manchester; attracted by its strong price growth and residential rental yields. House prices are also much cheaper in Manchester than other cities popular with investors such as London. This means lower stamp duty and higher buying power for investors.
Benefitting from one of the UK’s biggest international airports and excellent motorway links, Manchester is well-situated to serve the rest of the country and beyond. The forthcoming HS2 and Northern Powerhouse Rail projects will further cut travel times between Manchester, London and other key northern cities, thereby helping businesses grow and commuters reach their destinations quicker than ever.
250 years ago Manchester was at the heart of the industrial revolution. Nowadays a diverse range of international businesses like Adidas, Google and Siemens have set up regional, national or international head offices in the city. Due to this large number of successful businesses in Manchester, the local economy is flourishing.
With four top universities in the region Manchester is home to a skilled, ambitious workforce. Young professionals are also moving to Manchester from the South East to take advantage of the innovative, creative atmosphere at a much lower cost of living. All of these people need somewhere to live – often choosing city-centre locations. Making Manchester’s property market a good choice for investors.