Manchester duo launch new residential venture Picture This

Manchester duo launch a new residential development venture, Picture This, initially focused on building rental communities.

L-R: Mike Nicholson and Shannon Conway, Co-founders at Picture This | BTR News
L-R: Mike Nicholson and Shannon Conway, Co-founders at Picture This.

Manchester duo Shannon Conway and Mike Nicholson have announced today (10 January 2023) that they have launched Picture This – new purpose-led, residential development venture.

Over the next decade, the pair have a national ambition of creating ten Picture This communities, initially focused on building a network of rental communities. The Manchester based company has also secured its first joint venture partner and has 250 homes in the pipeline.

“We are thrilled to be launching Picture This. We have a clear vision for our business – it is all about supporting the things that matter to people; low carbon design, delivering welcoming age-inclusive homes designed to promote health and happiness, and standing beside local businesses and creatives, bringing community to the fore.

“We plan to retain and operate Picture This developments, ensuring we are invested in the long-term success of the communities we help create. Initially Picture This will be focused on building a network of rental communities, but we are also exploring some different models for mixed tenure schemes in the future.”

Shannon Conway, Co-founder, Picture This

Formerly the Residential Director at Build to Rent property developer Glenbrook, Shannon worked with the team to build a pipeline of over 4,000 apartments. She is a well-known figure in the Build to Rent sector since its emergence in the UK in 2013.

Since 2005, Mike has worked across the residential development sector. Previously a Director at JLL, Mike headed up their Residential Consultancy team in Manchester. He worked in development management – delivering mixed tenure apartment schemes in the UK and Australia.

Combined, the pair have 35 years experience in the urban residential market.

“Shannon and I share the same values and vision, and we are looking forward to putting them into action with Picture This. We have exciting and ambitious growth plans, so as well as taking the lead on our own sites and opportunities, we are keen to partner with like-minded developers and land owners on larger scale, mixed use developments.

“We will be able to share more details about the first Picture This community in the next few months as we gear up to making a planning submission later this year.”

Mike Nicholson, Co-founder, Picture This