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Regeneration Projects to look out for in Manchester – Part 2

June 30, 2023

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Article Summary

Manchester
  • Manchester is experiencing a remarkable wave of regeneration projects that are set to transform the cityscape and create a host of opportunities for property investors.

  • The area around Victoria Station just north of the city centre is host to a number of exciting and ambitious regeneration projects that aims to breathe new life into the area.

  • The NOMA regeneration project in Manchester is a bold and visionary endeavour aimed at transforming a 20-acre area in the city centre into a thriving business district.

Introduction

Manchester, the thriving metropolis in the North West of England, is experiencing a remarkable wave of regeneration projects that are set to transform the cityscape and create a host of opportunities for property investors. With a focus on urban renewal, enhanced infrastructure, and job creation, these regeneration schemes offer an enticing prospect for investors looking to capitalise on rental yields, capital appreciation, and the burgeoning job market in Manchester.

 

Northern Gateway

The Northern Gateway regeneration project in Manchester represents one of the city’s most significant and expansive transformational endeavours. Encompassing approximately 300 acres of land in the northern part of Manchester, this ambitious project is set to redefine urban living and create a dynamic mixed-use district with an estimated investment of £1 billion.

The Northern Gateway project aims to revitalise previously underdeveloped areas and establish a vibrant community that combines residential, commercial, and leisure spaces. The regeneration will provide a diverse range of housing options, catering to various lifestyles and demographics, thereby meeting the increasing demand for quality accommodation in the city. The addition of modern office spaces and commercial units will attract businesses and drive economic growth, creating job opportunities and bolstering the area’s appeal as a desirable destination for living and working.

As the Northern Gateway takes shape, property investors can anticipate a surge in rental yields and capital appreciation. The project’s scale and strategic location close to Manchester’s city centre make it an attractive prospect for those seeking long-term growth potential. Furthermore, the Northern Gateway’s emphasis on community integration and green spaces ensures a sustainable and attractive environment for residents and businesses alike, making it an exciting investment opportunity in Manchester’s dynamic property market.

Mayfield

The Mayfield regeneration project in Manchester is a transformative initiative set to rejuvenate a vast 24-acre site adjacent to Manchester Piccadilly Station. With an estimated investment of £1.4 billion, Mayfield aims to create a vibrant mixed-use neighbourhood that seamlessly blends residential, commercial, and leisure spaces.

The Mayfield project presents an exciting opportunity for property investors due to its strategic location and comprehensive development plans. The redevelopment will include a diverse range of offerings such as modern office spaces, retail outlets, hotels, cultural venues, and public spaces. This integration of various elements will not only drive economic growth and job creation but also create a dynamic environment that attracts residents, businesses, and visitors.

Property investors can expect significant rental yields and capital appreciation as Mayfield becomes a sought-after destination for living and working. Its proximity to Manchester Piccadilly Station, one of the city’s major transportation hubs, ensures excellent connectivity and accessibility.

 

Victoria Station area

The area around Victoria Station just north of the city centre is host to a number of exciting and ambitious regeneration projects that aims to breathe new life into the area. This redevelopment project is set to transform the area into a vibrant mixed-use thriving area of the city.

This regeneration scheme is expected to have a profound impact on the surrounding area, significantly enhancing its desirability. The infusion of new residential properties will meet the growing demand for high-quality housing in the city centre. The inclusion of commercial spaces and retail outlets will attract businesses and contribute to the area’s economic growth, generating job opportunities and stimulating the local economy.

NPG have an upcoming development in this area, called One Victoria. It is set over two blocks and is finished to the very highest standards. Its modern and stylish collection of one, two and three bedroom apartments are the embodiment of contemporary city living. The development is situated in one of the most desirable locations north of Manchester city centre. Boasting a close proximity to the Central Retail District and Northern Quarter, its nearby transport links make all the hotspots of Greater Manchester extremely accessible.

With a focus on creating a vibrant and inclusive community, the Victoria Station area has the potential to become a sought-after destination for living, working, and leisure activities in Manchester. Property investors can look forward to attractive rental yields and capital appreciation as the area undergoes this transformative regeneration.

Upcoming One Victoria regeneration

NOMA

The NOMA regeneration project in Manchester is a bold and visionary endeavour aimed at transforming a 20-acre area in the city centre into a thriving business district. With an estimated investment of over £800 million, NOMA is set to redefine the urban landscape and shape the future of Manchester’s commercial sector.

The project focuses not only on creating state-of-the-art office spaces but also on fostering a sustainable and inclusive community. The development will feature a mix of commercial buildings, retail units, and residential accommodations. Green spaces, pedestrian-friendly zones, and modern infrastructure will enhance the overall appeal and functionality of the district.

NOMA aligns with Manchester’s aspiration to become a leading sustainable city, prioritising environmentally conscious design and practices. The project aims to attract forward-thinking businesses and entrepreneurs who value sustainability and innovation. The introduction of new commercial spaces will create job opportunities and contribute to Manchester’s economic growth, while the availability of residential accommodations within the district will ensure a vibrant live-work-play environment.

Property investors can anticipate significant rental demand and capital appreciation as NOMA takes shape. The project’s strategic location in the city centre, combined with its emphasis on sustainability and community development, positions NOMA as an enticing investment opportunity.

 

Airport City

The Airport City regeneration project in Manchester is an ambitious endeavour that aims to create a thriving global business destination adjacent to Manchester Airport. With an investment exceeding £1 billion, Airport City is set to transform the surrounding area into a vibrant hub of commerce, innovation, and connectivity.

The project offers a range of opportunities for property investors due to its strategic location and its potential to attract international businesses. Airport City will provide a mix of office spaces, logistics facilities, hotels, and leisure amenities. Its proximity to the airport makes it an attractive proposition for companies looking for efficient transport links and international connectivity.

Property investors can expect strong rental demand and capital appreciation as Airport City becomes a focal point for business activity and economic growth. The development is expected to generate a multitude of job opportunities, further fuelling demand for residential properties in the surrounding areas.

Manchester Airport

Conclusion

Manchester’s regeneration projects present a wealth of opportunities for property investors seeking attractive rental yields, capital appreciation, and exposure to a thriving job market. The city’s commitment to urban renewal, enhanced infrastructure, and economic growth make it an attractive investment destination.

As Manchester undergoes a transformational journey, property investors who recognise the potential of these regeneration projects can position themselves for success. By capitalising on the rising rental demand, increasing property values, and the influx of job opportunities, investors can unlock the full potential of their real estate portfolios.

With a diverse range of regeneration projects such as the Northern Gateway, Mayfield, the Victoria Station area, NOMA, and Airport City, Manchester is poised to continue its upward trajectory as a prime destination for property investment. As the city evolves, property investors stand to benefit from the city’s vibrant economy, strong rental market, and the long-term rewards associated with these transformative regeneration projects. To find out about more of Manchester’s new-build and regeneration projects, click here.

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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