Here’s a small selection of what people have said about us.
  • Capital & Centric is close to buying three Greater Manchester sites with a view to rolling out its new housing concept NOWHAUS, with co-founders Adam Higgins and Tim Heatley telling Insider that there is a "great untapped market" for residential developers willing to try something different.

    The Manchester-headquartered property developer is arguably best known for its work transforming old buildings across the North West into modern apartments, workspaces, and commercial space. For example, it is currently redeveloping five former mills – Minto & Turner and Minshull House at Manchester's Kampus scheme which is a joint venture with Henry Boot Developments, London Warehouse on Ducie Street in the Northern Quarter, Crusader near Manchester Piccadilly, and Talbot on Ellesmere Street in Castlefield.

    However, the company is also progressing plans to diversify into the urban housing sector.

    Higgins said: "There's a lot of apartments being built in Manchester and other cities but there's still not a huge amount of housing being developed really. That's because it's very difficult for local authorities to meet their housing targets doing traditional housing because you're building 50 here and 30 there whereas with an apartment scheme you can do 200 in one go.

    "We've got three sites that we're in legals on at the moment to acquire. There'd be about 400 units in total, so if we can get them over the line we're planning to build high-density but low-rise schemes there."

    Each of the three sites are brownfield plots capable of holding 100 to 150 homes each. Higgins declined to confirm their exact locations, although said that all of them involve places on the peripheries of town centres across Greater Manchester.

    These sites have been earmarked for Capital & Centric's new housing concept NOWHAUS.

    According to the official NOWHAUS brochure, the current housing model is broken with only a handful of large housing developers building second homes that are failing to consider what future occupiers really want. Starting with a blank sheet of paper and no preconceptions about what a home should or should not be, NOWHAUS seeks to address this problem. It argues that new houses are still being built with bay windows, chimneys and slate roofs, looking the same as those that were constructed 50 years ago.

    By contrast, NOWHAUS involves building houses back to back and side to side in a modern reinterpretation of a terraced house. The concept removes the alleyways and gardens typical of traditional terraces, adds a garden to the roof, and uses an open-plan layout internally. This design doubles the amount of houses that can be built on an acre of land.

    Higgins said: "I can see a situation where you've had a lot of people over the years who've lived in pretty cool apartments in the city centres and then all of a sudden they're going to have to move out and live in bay-windowed semi-detached houses from the 1930s which is something their grandma lives in…and it just doesn't appeal to them.

    "So I think there's quite a new housing typology really that's starting to emerge and that's certainly what we're pushing. It gives people the opportunity to become house owners as opposed to possibly apartment owners but in a modern contemporary way of living, which I think is very important."

    One notable difference between Capital & Centric's concept and other schemes being brought forward by the UK's largest housebuilders is that NOWHAUS includes some one-bedroom homes.

    Heatley said: "We can do it on scale in the same way that Bellway, Barratt, Taylor Wimpey and so on do, but crucially ours have that contemporary feel that people who are moving out of the city want and we start with a one-bedroom house. People don't build one-bedroom houses.

    "But if you move out of the city centre and you're a single person or you're a couple, you don't really need two bedrooms, not straight away. You might do eventually.

    "Having to buy a bigger house with a second bedroom because that's the only thing available to you, well, it's an expensive place to put your skis, your snowboard or your bike."

    Ultimately, Capital & Centric hope to extend the NOWHAUS model to other local authorities outside Greater Manchester. Higgins believes that there is "a great untapped market" to roll out the concept more widely.

    He added: "There's clearly an undersupply of houses and it doesn't seem to be getting addressed anytime soon by central government as far as we can see so it seems a good place to get into. And actually I think we can do something that's different to the larger PLC-type housing developers who are all building a certain product and all building something fairly similar.

    "There's a great opportunity."

  • Kampus has been granted planning approval for the redevelopment of two listed buildings, Minto & Turner and Minshull House.

    A £250m joint venture between Capital & Centric and Henry Boot Developments, Kampus will be a distinctive new city centre neighbourhood with apartments to rent, independent bars and restaurants and small- scale local retail.

    Green space is a focal point of the scheme with a 'secret garden’ and a south-facing square to relax and socialise.

    Minto & Turner and Minshull House are both derelict nineteenth century former warehouse buildings.

    Many original features have survived intact and will be retained as part of the sensitive refurbishment of the buildings into 59 characterful loft apartments and circa. 14,000 sq ft flexible commercial space.

    Work on the listed buildings will begin in the coming months with the commercial units ready for fit-out and occupation in Spring 2019 and the apartments available to occupy from August 2019.

    The scheme includes the re-opening of Little David Street, thought to be one of the only untouched cobbled streets in Manchester.

    Adam Higgins of Capital and Centric, said: “We’ve had tons of amazing feedback on our plans for Kampus to date, and getting planning on the two mills is the final piece of the jigsaw.

    "Minto & Turner and Minshull House are an important part of the neighbourhood we’re building; they’re central to our ability to intertwine old and new to create a really interesting mix of spaces and streets, and, with planning now approved, we can continue on site to deliver these buildings at the same time as the works that have already started on the main site.

    “I guess Kampus is a bit different to most other development schemes happening, and this lovely narrow route along the cobbled street between the two listed buildings is a really important entrance into Kampus from the main centre of the city, and an important link to Canal Street.

    "We want to attract cafes and encourage the tables and chairs to spill out onto this space, a little like those beautiful old towns that we all enjoy abroad.”

    Planning is being handled by Deloitte, and Shed KM is the architect.

  • A Manchester regeneration specialist has swerved into the city centre office market with a pledge to "do something cool."

    Regeneration specialist, Capital&Centric, better known for large-scale residential schemes like Kampus, paid more than £5.5m for the 22,000 sq ft block at 15 Quay Street.

    The swerve comes as brokers predict a busy autumn quarter for the city centre office market, with good second-hand floorspace facing growing demand but shrinking supply.

    The off-market deal from a private individual reflects a net initial yield of 5.75%. The move represents a change of direction from Capital & Centric, which has so far steered clear of traditional city centre offices.

    The building is partially let to Jelf Insurance and Uniregistry, a web services provider. One floor of 3,949 sq ft remains vacant. C&C purchased the building in just five working days. The building was acquired with cash funds.

    Tim Heatley, founder director at Capital&Centric, said: “We have a diverse appetite when it comes to new opportunities. Essentially, our only parameters are whether there is value to add and if there is an opportunity to do something cool.”

    Heatley says the move into traditional city centre offices completes a full-house of property projects for the developer behind the £250m Kampus apartment scheme at Aytoun Street.

    “We have delivered, or are currently on site with, every major property use; hotel, residential, office, leisure and industrial. In many respects the acquisition of 15 Quay Street is unsurprising, it’s a building in a fantastic location, with potential for C&C to add value though our approach to design and knowledge of the Manchester office market,” he says.

    “As a regeneration focused developer this isn’t the sort of opportunity that you’d usually associate with Capital&Centric but we can apply our skill set in diverse investment and development scenarios plus we are always looking for opportunities to expand our portfolio.

    "By pro-actively managing the building through a number of initiatives, we are confident that we will further enhance the offering at 15 Quay Street.”

    Commercial Properties acted on behalf of Capital&Centric. Goodall Investments acted on behalf of the private investor.

    The buy comes as Cushman & Wakefield publish data suggesting a strong end to the year for city centre office deals.

    In central Manchester, second quarter take-up was 284,497 sq ft taking the first half total take-up to 492,730 sq ft, a 17% increase on the first half of 2016.

    There were 68 transactions in the city centre in the second quarter with five transactions at over 10,000 sq ft. High profile lettings were concluded to Weightmans and WeWork, both at No 1 Spinningfields and Distrelec at Two St Peter’s Square.

    Rob Yates, partner and head of office agency at Cushman & Wakefield in Manchester, said: “Looking ahead, there are a number of potential larger transactions in the pipeline which suggest total take-up for 2017 will exceed 1m sq ft for the fourth consecutive year.

    “Manchester is continuing to see strong levels of demand across the city centre from both existing occupiers and inward investors.”

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