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Landmark 36-storey PRC towers Nickel & Dime receive planning consent at St. John’s Neighbourhood

Nickel & Dime, two new towers at St. John’s designed exclusively as PRC (private rented communities), will set a new standard of urban living after receiving planning consent earlier today. These landmark buildings will provide residents with unrivaled service in tech-enabled, city-centre homes, as well as incredible panoramic views of the city.

James Sidlow, Project Director at Allied London, commented “Nickel & Dime are all about the design and construction, but crucial to their appeal is the definition and brand philosophy of the product. Nickel and Dime are a unique lifestyle choice, the choice to rent your home and live within a highly managed and cared for environment, with in-built and service and amenity”.

A state of the art building app will allow residents of Nickel & Dime access to a digital concierge, making everything from changing bed linen to booking the best table in St. John’s, effortless and efficient.

Both Towers will contain collaborative, resident-run commercial spaces, such as rooftop wellness classes, barbers and bicycle repairs shops, forging a truly, interconnected community. Residents will also benefit from a neighbourhood food market affording them the convenience of grabbing a coffee & croissant in the morning, to a swift bottle of red wine or gourmet meal in the evening.

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As well as a mix of resident lounges, co-work space and stylish pantry kitchen on the first floors, residents will be able to enjoy private outdoor space, fronting Festival Square and along the restored canal basin.

Michael Ingall, Chief Executive of Allied London, said “Nickel and Dime will be a wonderful place to call home in the St. John’s Neighbourhood. This is very much a research led development; we believe in this City, in this location and with this design we are creating something very special. ‎We believe people need living options, and Private Rented Communities are very much part of those lifestyle choices.

We also believe that is once established, PRC will be the prime form of a new property investment asset class, and Nickel & Dime will be best in class, setting the bar for this type of asset”.

PRC is a rapidly growing sector and vital part of the city’s housing offer according to Savills, demand for rented homes will rise by more than one million households over the next five years. Manchester has 60% more young professionals than the UK average, driving demand for PRS up by 85%, with a further investment of 40% expected by 2025.

Nickel and Dime will each provide over 300 one and two bedroom apartments, with spacious open plan living and stunning city views. Both towers will have outdoor space that residents will be able to reserve for private use, but also a place to read, meet friends and unwind.

Construction will start in September 2017.

If you would like to know more about our plans for servicing Private Rented Communities, please contact james.sidlow@alliedlonodn.com and follow @StJohnsMCR on Twitter

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