EMBARGOED UNTIL 6.00am Tuesday 28th October 2014.

X1 MEDIA CITY, the largest residential development in the North West with 1,036 apartments and over 22,700sqft of commercial space, will be launched this month by Salford based property investment company- Knight Knox International, in a joint-venture scheme with X1 Developments.

Transforming the Salford Quays skyline, these four iconic towers will be comprised of a mix of studios, 1, 2 and 3 bed apartments. The first and second floor space will be available for commercial and retail units, in addition to a private gym and cinema, meaning residents will never be short of entertainment. X1 MEDIA CITY has already been granted planning permission by Salford City Council and Vermont CL are expected to start construction from as early as February 2015.  

Once complete, the apartments will be finished to a luxurious standard typically associated with boutique hotels. With breath-taking city-wide views, in addition to two levels of underground parking, the facilities, as well as scale, of X1 MEDIA CITY are simply unparalleled in the North West.  

The £200million development is located in the heart of phase two of MediaCityUK, Europe's first purpose-built business hub and home of the BBC and ITV television studios. The area is thriving thanks to more than £1.4billion worth of public and private investment in the Quays, ensuring it is a bustling centre for like-minded professionals.

Having already successfully launched previous X1 projects in the area, including X1 Salford Quays Phases 1, 2 and 3, Knight Knox International has been preparing this launch with much anticipation, so says Samantha Jones, Head of Marketing at the property investment firm.

“The launch of X1 MEDIA CITY is something we have been planning for many months”, says Jones.  “Investor appetite has grown in line with confidence in the UK buy-to-let market, and we have seen heightened interest in the local market over the past 18 months.  Since launching our first joint venture with X1 Developments back in 2012, we have sold out eight sites and demand for X1 projects is extremely high, mainly due to the quality of the build and the professionalism of the lettings and management team. X1 MEDIA CITY is certain to become an iconic development for Salford Quays and will rival anything located in the city centre”.

Residents of X1 MEDIA CITY will discover that the area is far from self-contained: MediaCityUK has numerous tram stops directly linked to Manchester city centre and Manchester airport, however, the area also prides itself on its sustainability and green spaces; contemporary architecture; and premium physical and digital infrastructure, making it like no other in the region. 

X1 MEDIA CITY is being created in an already flourishing area that shows no signs of slowing down. This is an era of devolution. There are more residential, commercial and infrastructure projects starting in Salford and Manchester than ever before, with thousands of jobs and opportunities being created, encouraging people to move to the North. X1 MEDIA CITY is a lucrative investment for those looking to the future, rather than just relying on traditional, poor yielding investments in the capital.   

- Ends -

Footnotes

Knight Knox International and X1 Developments

Working in joint venture together since 2012, the companies have launched 15 residential and student accommodation developments onto the UK market, totalling more than 1,700 units at a value of more than £152 million. Six of these developments are completed, 100% let and accepting bookings for 2015, with a further four currently in construction.

Previous developments in the Greater Manchester area delivered by the partners are X1 Town Hall (the former Salford Town Hall), X1 Chapel Street and X1 Salford Quays Phases 1, 2 & 3 – all of which are sold out and either tenanted or in construction. X1 The Exchange, also on the Quays, is currently over 80% sold out, and X1 Eastbank has recently been launched on Great Ancoats Street.

X1 MEDIA CITY Prices (Phase 1)

Studios from £94,950

1-bed apartments from £119,950

2-bed apartments from £144,950

Quotes to be used in regards to X1 Media City launch

Quote from X1 Developments

“X1 Developments are thrilled to be working again with Vermont Cl for the X1 MEDIA CITY development.

Drawing on the success of previous partnerships with Vermont CL, X1 MEDIA CITY will fulfill the need for luxurious accommodation within this area of high demand. X1 MEDIA CITY is situated in a prime location for all working professionals within the area.

With Vermont Cl having already been appointed on previous schemes, it is extremely fulfilling for both teams to be sharing the joint vision of bringing luxury accommodation to the highly sought after area of Media City. X1 Developments are proud to be contributing top quality accommodation to this area of rapid expansion. “

Quote from Michael Gardner Regional Director, AHR Architects

“Michael Gardner, AHR Regional Director, is delighted X1 and Vermont CL are breathing new life into this ambitious yet visionary project, saying “Our Client's keen eyes for creating high quality, sustainable urban living spaces, linked with their proven track record for excellence in delivery will be key to driving the project forward and its ultimate success.  AHR is well known for our innovative approach to design and our capability to deal with such challenging, yet highly rewarding, projects and we are extremely proud to be working with the team again.”

Quote from Vermont

"Vermont are delighted to be building on the already successful relationship with the team at X1 with their new X1 MEDIA CITY scheme. The proposal will provide an exciting and iconic residential development alongside the new and vibrant Media City development.

The design and quality of this prestigious project when delivered will provide a fantastic advert for X1 and Vermont, and will further cement the excellent working relationship that Vermont have developed with X1 and their team on the previous developments at X1 The Quarter and X1  Liverpool One.

We look forward to a commencement on site early in 2015, with a phased development of the project which will deliver to the market a quite unique, high quality residential and commercial scheme."

Notes

Please note that this press release was sent directly to property editors on Friday and there was a small mistake in the copy. The sqft of the commercial space is as listed in this press release. The figure in the version sent on Friday quoted the residential space, not commercial. This release is embargoed until 6am tomorrow morning (Tuesday 28th October). Please contact 0161 772 1388 for any media enquiries on this development.