#United Kingdom #Starlight Investments #Salford #Spectra

Starlight Investments Celebrates Topping Out of Spectra

Starlight Investments proudly announced a significant milestone in the construction of its flagship build-to-rent (BTR) development, Spectra, located in Salford, Greater Manchester. The topping out ceremony, which took place recently, signifies the completion of the building’s highest structural point and the transition into the final phases of construction. Once completed, Spectra will provide a total of 393 premium rental apartments to cater to the needs of the region.

Spectra is designed to offer a wide range of living options, featuring studio, one, two, and three-bedroom apartments, as well as townhouses, all created with the flexibility to accommodate various lifestyles. Future residents can look forward to a suite of first-class amenities, including an amenity lounge, landscaped green spaces, a fitness center, co-working spaces, a private dining area, and a media and games room. Located at the intersection of Broadway and South Langworthy Road, in proximity to MediaCity, the project promises excellent connectivity throughout Greater Manchester while fostering a vibrant, community-oriented atmosphere.

The name “Spectra” reflects the diversity and vibrancy of the media and creative industries for which Salford is renowned, aligning beautifully with the light rose-gold façade of the building and symbolizing the dynamic activities occurring in the nearby MediaCity. Constructed by X1, a leading UK developer, this project not only represents modern living but is also a vital step in addressing the increasing demand for quality housing in the area.

Jonnie Milich, the head of Starlight Investments’ UK residential real estate department, expressed his pride during the ceremony: “The topping out of Spectra marks a proud moment for our UK residential team. This development underscores our continued investment in the growing rental market in Greater Manchester and our commitment to creating a premier living community for future residents. We extend our gratitude to our partners and teams for their dedication in realizing this vision.”

Nick Sweeney, CEO of X1, echoed these sentiments, stating, “We are excited to celebrate this important milestone for the Spectra project. We are proud to collaborate with Starlight Investments in creating a thoughtfully designed residential scheme endowed with many amenities that contribute positively to the housing market and the long-term growth of the region.”

Spectra is just one of several developments currently underway in Starlight’s UK portfolio. This milestone further demonstrates Starlight's growing presence in the UK rental market and its commitment to building modern, professionally managed rental housing in key urban centers where demand for living space is at its peak. This topping out ceremony marks Starlight's second within Greater Manchester in just a month, showcasing its robust expansion momentum in the area.

In total, Starlight has cultivated a UK portfolio of 4,000 rental units and manages over £1.1 billion in assets. The company's expansion efforts continue to thrive in key markets across the UK.

About Starlight Investments

Starlight Investments is a prominent global real estate investment and asset management firm headquartered in Toronto, Ontario, Canada. As a private owner, developer, and manager of over 70,000 multifamily housing units and more than 7 million square feet of commercial space, with approximately CAD $30 billion in assets under management, Starlight offers a range of investment vehicles tailored for various real estate strategies. The firm prides itself on pairing its mandate with visionary curiosity to generate meaningful impacts for both investors and communities alike. At Starlight, we invest with purpose.

For further information, visit www.starlightinvest.com or connect with us on LinkedIn.