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Cities to Invest : Manchester

Greater Manchester is the largest UK economic area outside of London with £56 billion gross value added (GVA).

More than 80 of the FTSE 100 have a presence in Manchester, and the number of the world’s biggest companies making the city their home is growing. Fuelled by a 70% graduate retention rate, the city consistently generates new jobs across the digital and creative sector, engineering, and professional services. The business and professional services sector alone is expected to create upwards of 70,000 jobs in the next 10 years.

Manchester has seen the fastest and strongest house price growth of anywhere else in the UK, rising by 8.8% in the last year. There is more demand for quality accommodation than ever before, with over 60% more 25 to 29-year olds living in Manchester, than any other UK city.

A key driver of the city’s success has been its place at the heart of the Northern Powerhouse, as one of the project’s most prominent cities. Devolution of powers to the city’s local authorities have excelled at a pace unreached by the North’s other regions. The government, also, recently invested £1 billion to further boost Manchester’s economic growth.

The city has enjoyed a period of exceptional growth, that shows no sign of halting, as its skyline continues to change and expand.

Deansgate’s Great Northern Warehouse redevelopment, will welcome the addition of premier retail brands, refurbished commercial units, new high-quality apartments, a raised public garden, and an additional shopping terrace. With the aim of revamping and expanding the space to better fit and adapt to city’s landscape.

The iconic former Boddington’s brewery site on the border of Strangeways, is also set to be redeveloped as part of a multi-phase project. Phase One will transform the site into 500+ homes, offices, public spaces, commercial units, and add better pedestrian routes to the city centre.

A unique addition to Manchester will be the ‘Tower of Light’, a sculptural landmark to be illuminated at night by LED lights. Neither housing residential accommodation nor commercial units, the construct will contain a ‘civic heat network’ to power nearby buildings; actively embracing and utilising renewable energy.

Manchester is a city of exceptional opportunities for savvy investors looking to invest in: a growing economy, job growth, and climbing population of 2.73 million in search of quality accommodation.

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