Starlight Investments Celebrates Key Milestone in Build-to-Rent Project in Greater Manchester

Starlight Investments Marks Major Milestone in Spectra Development

Starlight Investments has recently reached a significant milestone in the construction of its flagship build-to-rent (BTR) project, Spectra, located in Salford, Greater Manchester. The topping out ceremony, which marked the completion of the highest structural point of the 34-storey building, was celebrated alongside project partners and team members, signifying a pivotal moment as the project transitions into its final construction phases.

Upon completion, Spectra is set to offer an impressive collection of 393 high-quality rental homes, which will include a mix of studio apartments, one-, two-, and three-bedroom units, along with some townhouses. This diverse assortment is designed to cater to a variety of lifestyles, emphasizing flexibility and community living.

Future residents can look forward to a wealth of amenities within the building, which will encompass a resident lounge, landscaped green spaces, a state-of-the-art fitness studio, co-working areas, a private dining facility, and a media and games room. The development is strategically located near Broadway and South Langworthy Road, close to MediaCity, thus providing excellent connectivity to the wider Manchester area and promoting a community-oriented living experience.

The name 'Spectra' reflects the vibrant diversity and dynamic energy of the media and creative industries in the region, aligning seamlessly with the building's eye-catching rose-gold facade. It is a fitting tribute to the area's lively activities, particularly tied to MediaCity.

Jonnie Milich, Head of UK Residential at Starlight Investments, expressed pride in the topping out of Spectra, stating, "This development symbolizes our continued investment in the growing rental market of Greater Manchester. We are committed to creating a world-class residential community for future residents and are grateful to our partners and teams for making this vision a reality."

Nick Sweeney, CEO of X1, the leading UK property developer overseeing the construction, echoed this sentiment, mentioning, "We are thrilled to celebrate this significant achievement for the Spectra project. Our collaboration with Starlight Investments is aimed at delivering a well-designed and amenity-filled build-to-rent community that will improve the housing landscape and support long-term growth in the region."

Spectra represents just one of several projects currently in development under Starlight's UK portfolio. This achievement underscores Starlight's growing footprint in the UK's build-to-rent sector, demonstrating their commitment to delivering modern, professionally managed rental communities in crucial urban centers. It's noteworthy that this topping out ceremony marks Starlight's second such occasion in Greater Manchester within just a month, signifying the company's increasing momentum in the area.

With a total portfolio of approximately 4,000 rental units and assets exceeding £1.1 billion under management across the UK, Starlight Investments is dedicated to its ongoing expansion in key markets where housing is in high demand.

About Starlight Investments
Starlight Investments is a premier global real estate investment and asset management firm based in Toronto, Ontario, Canada. A privately held entity, Starlight manages over 70,000 multi-residential suites and over 7 million square feet of commercial property, boasting an asset valuation of CAD $30 billion. The firm is committed to balancing visionary curiosity with measurable impact, ensuring positive outcomes for both investors and communities. To learn more about Starlight Investments, visit their website at www.starlightinvest.com or connect with them on LinkedIn.