Vast development for property investors with Manchester attracting a £310 million government investment to build a brand new office campus for civil servants in the middle of the city. The top-revenue generating scheme will generate room for more than 7,000 civil servants and will have the power to set in motion the local economy with the creation of thousands of jobs and higher levels of commercial demand and residential house buying.
The Next Phase of Manchester's Regeneration
In Ancoats, one of Manchester's liveliest areas, the new 900,000 sq ft campus of government offices is just one part of a £10 billion city-wide regeneration project. The ambitious scheme is one of several in the pipeline, including the £500 million regeneration of Old Trafford, the famous home of Manchester United. As more and more workers relocate to the city, office space, accommodation, and facilities needs will keep going up, and it will be a thrilling experience for real estate investors.
Rising Demand for Office Space and Accommodation
Savills states that Manchester office take-up reached 1.22 million sq ft in 2024, an increase of 29% compared to 2023. As more professionals opt to stay and work in the city centre, homes are in high demand. The greater the number of workers, the more offices are on the rise in demand, and hence, the rental market also gains from this.
Invest in Manchester: Berkeley Square Development
One of Manchester's top investment properties is the Berkeley Square development. Situated in a central location between Manchester city centre and MediaCityUK, Tranquility House at Berkeley Square provides 1, 2, and 3-bedroom luxury apartments, starting at £223,597 for a 1-bedroom apartment. With a rental yield of 7%, this development provides the perfect chance to take advantage of Manchester's expanding rental market.
Long overdue for completion in 2026, Berkeley Square features stylish interiors, large windows to let in daylight, and luxurious finishes. The development also features green areas, rooftops, and a peaceful retreat from urban living, yet within walking distance of all of Manchester's facilities.
Why Manchester is the Right Place to Invest
With its growing economy, major infrastructure projects, and high demand for both commercial and residential properties, Manchester continues to be one of the top destinations for property investment in the UK. Whether you’re looking for residential or commercial opportunities, the city offers a wealth of prospects for long-term growth and high returns.
Keith Egan, Director of Magnate Assets, said: "Manchester has some of the most vibrant investment opportunities in the UK right now. The continued regeneration and housing demand mean the city is an ideal place for investors to find high returns and future value growth."
Conclusion
Manchester's thriving economy, regeneration schemes, and rising property demand place it at the top of the UK's most popular investment destinations today. With developments such as Berkeley Square and the £310 million government office development, now is the time to take action and make the most of what this thriving city has in store. Phone Magnate Assets today to discover more about Manchester investment opportunities.