Article Summary

Work has finally begun on Gary Neville’s long-awaited £200million Manchester property investment project in Jackson’s Row. The city centre scheme has been beset by difficulties ahead of its launch, but with preliminary work having now started the development is finally getting off the ground.

Improving Manchester’s attractiveness

The redevelopment of the former Bootle Street police station will include a mix of commercial and residential investment properties. The first phase of the project will include a nine-story office block with a ‘high-end’ rooftop restaurant and terrace bar. This initial part of the development scheme is due to complete in June 2024.

The second phase will build a 41-storey tower comprising a public piazza, a hotel on the lower floors with residential apartments on the floors above.

Once complete, this new Manchester property investment project will create new outdoor space and upmarket entertainment venues, adding to Manchester’s attractiveness as a destination to visit and live.

Economic boost to the city

The city centre project will bring further economic investment to the city centre. £120m of investment is expected to come into Manchester thanks to the Jackson’s Row development, with 1,800 jobs created during its first phase alone.

The scheme is being spearheaded by former Manchester United player and football pundit, Gary Neville. Speaking of his investment property project, he said: “This is such an important project for Manchester. We are really pleased to be announcing the start-on-site in what is another major step forward for this legacy scheme. The aim is to deliver a world class development for our city and the UK.

“Our team has worked tirelessly with our joint venture partner KKR, along with contractor B&K and Manchester City Council, and it is the dedication of these teams that has enabled the first phase to come to fruition in the new year.”

What is property investment?

Put simply, property investment is property purchased with the intention of generating financial returns for its buyer. These returns could be in the form of rental income through buy-to-let properties, house price growth through the future sale of the property or both. Individuals or organisations can invest in property, and the investments can be short, long or medium term.

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There’s no need to wait until the This City development is ready to invest in property in Manchester. Find out what property investments in Manchester are available right now by getting in touch with North Property Group today.