Manchester’s Upcoming Hotspots and their positives – Part 1

May 19, 2023

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manchester property investment

Article Summary

Manchester
  • From the highly anticipated Co-op Live Arena to the potential regeneration of Old Trafford, and the innovative Factory International, these projects promise to transform the city's landscape.

  • The Co-op Live Arena, set to become the largest indoor arena in the UK with a capacity of 23,500, is a major development that will redefine Manchester's entertainment scene.

  • Factory International is a ground-breaking £210m cultural institution that aims to provide a space for artists, designers, and innovators to collaborate and showcase their talents.

Introduction

Manchester, a city known for its vibrant culture and thriving economy, is set to welcome exciting new hotspots that will shape its future. From the highly anticipated Co-op Live Arena to the potential regeneration of Old Trafford Stadium and the innovative Factory International, these projects promise to transform the city’s landscape. In this article, we will explore these upcoming hotspots in Manchester and delve into the ways they can benefit the surrounding communities while presenting lucrative opportunities for property investors.

 

Co-op Live Arena

The Co-op Live Arena, set to become the largest indoor arena in the UK with a capacity of 23,500, is a major development that will redefine Manchester’s entertainment scene. This state-of-the-art venue will host concerts, sporting events, and cultural performances, drawing visitors from near and far. Beyond the entertainment aspect, the Co-op Live Arena has the potential to greatly benefit the communities around it.

Firstly, the project will create numerous job opportunities, both during its construction and once operational. These employment prospects will provide an economic boost to the local community, fostering growth and prosperity. Additionally, the arena’s presence will attract visitors and increase footfall in the surrounding areas, potentially leading to the development of new businesses, restaurants, and shops. This, in turn, will contribute to the vibrancy and vitality of the community.

The surrounding East Manchester area will become more attractive to buyers, as another hotspot is set to open, and it is just minutes from Manchester City’s impressive Etihad Stadium, home to the Premier League champions.

 

Regeneration of Old Trafford Stadium

Old Trafford Stadium, the iconic home of Manchester United Football Club, has long been a symbol of the city’s sporting legacy. The potential regeneration of this historic venue presents an opportunity to breathe new life into the area and create a dynamic community space. With an expected change of ownership at the club this summer, fans are braced for a revamping of the club’s infamous ‘Theatre of Dreams’ as facilities at the stadium have started to fall behind rivals’ stadiums.

Rain leaking through the roof of the stadium, toilets flooding and the absence of a big screen at the stadium puts it behind 18 of its Premier League counterparts. Only Liverpool’s Anfield Stadium is absent of a big screen, putting these stadiums behind modern stadiums such as Man City’s Etihad stadium, Tottenham Hotspur’s stadium and Arsenal’s Emirates stadium. Despite Old Trafford being iconic, fans feel that a redevelopment of the stadium at least would improve matchday experience and get the arena up to speed.

The redevelopment of Old Trafford Stadium could include a mix of commercial, residential, and recreational facilities, transforming it into a multi-purpose destination. This regeneration project has the potential to generate employment opportunities, invigorate local businesses, and provide much-needed housing options for the community.

Moreover, the regeneration efforts will preserve the stadium’s heritage while modernizing the facilities to cater to the evolving needs of the community. This balance between preserving history and embracing progress will create a sense of pride and identity for residents, bolstering community cohesion.

Old Trafford Manchester regeneration

Factory International

Factory International, a ground-breaking £210m cultural institution, is set to become a major creative hub in Manchester. This ambitious project aims to provide a space for artists, designers, and innovators to collaborate and showcase their talents. With a diverse range of facilities, including theatres, galleries, and studios, Factory International has the potential to foster cultural growth and economic development.

The presence of Factory International will stimulate the local community by creating job opportunities in the creative sector and attracting tourists interested in experiencing Manchester’s thriving arts scene. The project will also provide educational and training programs, allowing residents to acquire new skills and participate in the city’s cultural landscape.

Factory International also recently announced a food and drink partnership with a company that has links to YES, Parklife and Creamfields. Super Serve will be in control of the look after the ground floor foyer café and public bar at the venue, in addition to two auditorium bars, providing a range of daytime and night-time offers.

 

Property Investment Opportunities

The emergence of these hotspots in Manchester creates enticing opportunities for property investors. The development of Co-op Live Arena, the regeneration of Old Trafford Stadium, and the establishment of Factory International are likely to increase property values in their respective areas. These hotspots will attract visitors, residents, and businesses, making them desirable locations for property investment.

Furthermore, the potential for mixed-use developments, such as residential properties, commercial spaces, and entertainment venues, opens up diverse investment possibilities. The increased footfall and demand for accommodation in these areas can lead to attractive rental yields and potential capital appreciation.

Manchester property investment opportunities

Conclusion

Manchester’s upcoming hotspots, including the Co-op Live Arena, the potential regeneration of Old Trafford Stadium, and the establishment of Factory International, hold great promise for the city’s communities and property investors alike. These projects bring economic growth, employment opportunities, cultural enrichment, and enhanced amenities to the surrounding areas. At the same time, property investors can capitalize on the increasing demand for housing and commercial spaces in these burgeoning hotspots. As Manchester continues to evolve, these transformative developments ensure that the city remains a vibrant and attractive destination for residents, visitors, and investors.

To learn about the property investment opportunities above, or to find out more about how property investment works, get in touch with the experts at North Property Group today.

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