The Negotiator Feature: Fuel crisis creating huge demand for ‘low-energy’ rented property, says agency

Manchester based Beech is gobsmacked after one of its sustainable PRS development was rented within hours of being launched.

A property firm in Manchester says it is gobsmacked after a former commercial building it redeveloped into 25 low-energy apartments to rent were snapped up within minutes of being put on the market.

Beech Holdings, which operates as a PRS property developer but also trades as letting agency Manchester Apartments, says the building is now fully let well into 2024. Stephen Beech, CEO of Beech Holdings, said: “The speed in which this building was let has been incredibly fast, even for our usual demand.

“Yet again, its proving to us that Greater Manchester is in desperate need of quality, high specification apartments for its burgeoning population.

“This area of Media City, with its close proximity to multiple large employers and the universities, is screaming out for more accommodation.

Beech is also relieved after it sunk £4.2 million into the redevelopment of Brookland House from commercial to residential including one-bed and duplex sustainable apartments.

Stephen Beech, CEO of Beech Holdings adds: “We’ve created a building that’s passive to emissions, which supports peoples’ desire to live more sustainably – potentially a further reason that this building was in such high demand.

Beech Holdings now has some 1,000 apartments under management in the city with a further 1,000 under construction in Manchester and Newcastle, all within former and careworn commercial premises.