The growth of Manchester’s commercial property investment

 

Manchester saw an incredible total of £1.2bn invested in commercial property in 2015, a 3% increase on the £992m recorded in 2014.

According to research recently published by CoStar Group, Britain’s leading commercial property information provider a total of £67.5bn was invested in UK commercial real estate in 2015, making it the second strongest year on record, 46% above the 10-year average.

Marianne Fitzpatrick, Real Estate Analyst, CoStar, said: “Manchester is now leading the way for office investment in the ‘Big Six’ regional UK cities, accounting for over a third of total expenditure into the office market in 2015.”

“Office sales accounted for a whopping 97 per cent of total investment volumes, as £1.12 billion was invested in 46 deals.”

“Manchester is at the centre of the Government’s Northern Powerhouse initiative and was first to receive ‘City Deal’ funding and regional devolution.”

“Massive infrastructure improvements, such as the Metrolink tramline and airport expansions, have played a significant part in attracting investment into the city alongside the desire of international investors seeking deals outside of London.”

The top deals of 2015 include Legal & General’s acquisition of a 50% stake in MediaCityUK, Singaporean REIT Mapletree’s purchase of 3 Hardman Street for £100m, Deutsche Asset & Wealth’s forward funding of 2 St Peter’s Square for £100m and M&G’s purchase of 3 Hardman Square in Spinningfields at a 5.79% yield.

Marianne added: “The Big Six regional cities are attracting more and more attention, suggesting that investors have the money to spend and are seeing value outside of Central London.”

“The political will behind regional devolution has given the regions an additional shot in the arm as £3.2bn, a rise of 16 per cent year on year, has been invested in the ‘Big Six’ office market in the last 12 months.”

“Manchester offices are firmly leading the way for Big Six office investment, and with the city as the nucleus of the Northern Powerhouse initiative, Manchester commercial property should continue to attract investment.”

Source: Manchester Evening News

Highgrove Mews

High Net Yield Freehold Houses

  • Commutable to London (27 mins to central Paddington station)
  • Rental demand extremely strong with large industry presence in Reading
  • Freehold with 4% net yield

£284,955 - £457,000

St Petersgate – Stockport Manchester

New Launch - Stockport Manchester, apartments from £160,000

  • Discounted launch prices from £160,000
  • Excellent transport links with 3 trains per hour to London Euston and only 9 mins journey to Manchester Piccadilly
  • Experienced development team

Assured Rent Housing Association Leases

Assured Rent Housing Association Leases

  • Assured rent & no rental voids
  • Tenant damage cover & newly refurbished inline with requirements of a corporate sitting tenant
  • Free property and lettings management

From £62,000

Emerging Birmingham Commuter Town With Properties From Just £104,000

The emerging Birmingham commuter town where properties are selling in an average of just 24 days

  • A collection of 62 two bedroom apartments and 28 one bedroom apartments.
  • DE14 is one of the fastest selling postcodes in the West Midlands.
  • 23 minute train journey into Birmingham New Street Station.

Properties from £104,000

Mill, Stockport

The Northwest's emerging property hotspot

  • Discounted off-plan 2-bed prices from £162,000
  • Completion date - Q4 2021
  • Rental yields - 6% plus

Discounted off-plan 2-bed prices from £162,000

South Central – Birmingham City Centre Apartments

Highly anticipated 28 storey launch in Birmingham City Centre with an impressive roof garden and communal facilities.

  • 154 units across 28 storeys
  • Residential multi-media community room, gym, roof garden and sky cinema
  • Excellent future connectivity via the metro system to other key transport hubs and locations around the city

from £205,800

ba-

Talk to us

Speak to our UK property experts today: 

+44 (0) 333 123 0320

Open from 9am-6pm GMT

+852 9865 4446

Open from 9am-6pm HKT

Stamp Duty Calculator

.

Unlock members only investment opportunities and full development details. Join now – it’s free, quick and easy.

Login

Not a member? Sign up for free

The growth of Manchester’s commercial property investment

The growth of Manchester’s commercial property investment

Example

By submitting your details via this online form you agree to be contacted via email/phone/SMS by Direct Marketplace Ltd t/a BuyAssociation in relation to property investment and property developments . We do not share your personal details with third parties.  To view our full Privacy Policy click here.