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Manchester Investment Guide

Manchester Guide Cover

Welcome To Manchester

THE NORTHERN POWERHOUSE

Manchester’s journey to becoming a global economic powerhouse is second-to-none. From its origins as the world’s first industrial city, Manchester has successfully reinvented itself for the 21st century and is the heart and soul of the UK’s Northern Powerhouse.

A business-friendly environment, a highly trained workforce and a rapidly growing population have created the conditions for Manchester to thrive in the modern world — and a booming economy growing significantly faster than the UK average is the city’s reward.

Huge amounts of investment promise to keep the momentum going and furnish Manchester with a bright future. A skyline filled with cranes and dozens of large building projects serve to illustrate the health of the city and its position at the centre of the UK’s fastest-growing region.

Manchester’s economic strength, growing population, world-class expertise in modern industries and the lack of available housing make this the ideal time to invest in Manchester property and secure the stable, long-term returns which are on offer.

Economy And Investments.

ECONOMIC OVERVIEW

Manchester is the centre of the Northern Powerhouse and one of the most productive and fast-growing cities in Europe. It’s city centre economy alone is projected to be worth more than £6bn a year and directly employ more than 150,000 people by the end of 2025. This makes the city centre responsible for 10% of all jobs in the region and one of the UK’s fastest-growing employment centres.

Manchester’s secret is the diversity of its economy. It is a hotbed for start-ups and small businesses in a whole range of sectors, but can also cater for the three quarters of the UK’s FTSE 100 companies who have a base in city.

The wider city region economy is another notable economic success story which generates more than £62bn of revenue each year and expanding faster than the national average according to figures from the Office for National Statistics. Manchester is the engine at the heart of it all.

SECTOR HIGHLIGHTS

Technology, Creative And Digital

Manchester is a global centre of computer science, software programming and technology development, home to global giants and innovative start-ups. The city’s universities supply a steady stream of world-class graduates in these subjects, making Manchester an incredibly attractive home for companies including Microsoft, Google, Amazon and many more.

MIDAS, Manchester’s inward investment agency, also reports that the city is particularly strong in emerging areas such as cloud computing, cybersecurity and text-mining — all of which are becoming increasingly prominent fields. With operating costs for technology companies

approximately 40% lower than in London, the technology and digital sector is a major growth area for Manchester which will continue to draw people to the city in future.

Advanced Manufacturing

With 25 Nobel prize winners and more than 14,000 students studying STEM subjects at the city’s universities, Manchester has everything needed to support an advanced manufacturing sector which employs approximately 100,000 people.

Global businesses such as Jaguar Land Rover, ARM, AECOM, BAE Systems, Balfour Beatty, Cargill, Heinz, Hitachi, Jacobs Engineering, Kellogg’s, NXP, Siemens, Unilever and WSP Parsons Brinckerhoff all have a presence in the Greater Manchester region, and all provide economic and employment boosts to the region.

MAJOR INVESTMENTS INTO MANCHESTER

Manchester sees an incredible level of inward investment from around the world. The city is in the midst of a transformation thanks to several major investments which are changing the landscape and creating thousands of jobs. The following are just some of the major investments ongoing in Manchester:

ID Manchester

A £1.5bn mixed-use neighbourhood in the heart of the city centre which covers 4m sqft and will bring a world-class scientific and research community into Manchester, alongside the University of Manchester.

ID Manchester will also include offices, hotels and the city’s largest public space, all minutes from Piccadilly Station. This 15-year plan is projected to create 10,000 jobs and encourage further collaboration between Manchester’s businesses and its highly trained graduates.

Mayfield

Mayfield is a 24-acre site opposite Piccadilly Station which is being transformed, reviving this former industrial heartland and turning it into a stunning, modern city centre neighbourhood unlike anything else in Manchester.

Overall, the Mayfield Partnership will provide over 2.3m sqft of office space, 56,000 sqft of retail and leisure, a new 300-bed hotel and

Great Ducie Street

Great Ducie Street is a commercial district which was traditionally a focal point for the textile industry. Now, a 20-year masterplan is underway to regenerate the whole area and deliver a new economic centre for Manchester, as well as new educational and residential opportunities.

The area will include 2.8m sqft of new commercial space which will provide Manchester with yet another significant economic boost, as well as expanding the city centre outwards and open up more of the River Irwell.

MediaCityUK

TMediaCityUK is one of the most important investment areas in the UK and is a communications, digital and technology hub that is globally significant. It is home to the likes of the BBC, ITV, Ericsson, dock10 and Kellogg’s, as well as being a hotbed for more than 250 smaller media and digital businesses. This makes it a key focus point for nurturing some of the UK’s best talent, and adds to Manchester’s technology sector strength.

Recognising this strength, a further £1bn investment is being made into MediaCityUK which will double its size and magnify its impact on Manchester. This investment will include 10 new development plots totalling 210,000 sqm and 50,000 sqm of office space, as well as new restaurants; a square pocket park and associated public realm improvements.

Population Growth.

The outstanding employment opportunities on offer attract more and more young professionals to Manchester every year, and consequently the city’s population is increasing rapidly.

The latest Greater Manchester Forecasting Model from Manchester City Council shows that we should expect the population of Manchester to grow from its current level of approximately 553,000 to more than 625,000 in the next five years. This means that at least 70,000 additional people are due to make Manchester their home in the near future, and all of them will need accommodation.

This high level of population growth means that competition for the best rental properties in the city is stronger than ever, and rents are increasing in line with this — even the Coronavirus pandemic could not slow the Manchester rental market down, with rents in the city increasing almost across the board, and especially for larger 2- and 3-bedroom properties.

The picture shows no signs of changing in the future due to supply lagging far behind demand — a gap that is going to keep growing every year. The Deloitte Manchester Crane Survey 2021 shows that approximately 12,000 homes are scheduled to complete in the city centre by the end of 2025, a number far below what will be required to cover the aforementioned Council population projections. It is for this reason that JLL have estimated a rise in rents of at least 13% over that time frame.

Connectivity.

The heart of the country

Few cities enjoy such impressive connectivity as Manchester. High quality public transport, outstanding rail and road links across the country and a world-class international airport combine to make Manchester a natural global hub for tourism, commerce and culture.

From its early days as the home of the first inter-city passenger railway and an unprecedented shipping canal, Manchester has understood that having the best transport infrastructure is the key to prosperity. That remains the case today, and further investments underway ensure it will remain so for a long time to come.

Manchester’s Metrolink is the finest city- wide tram network in the UK and provides easy, affordable transport across the city centre and out to the rest of the region. No matter where you are in Manchester, you will never be far from a tram stop, and desirable locations including the city centre, Altrincham, Didsbury, Chorlton and Manchester Airport will only ever be a short journey away.

Nowhere else outside London has a public transport network like Manchester, and the ease of the Metrolink is a huge draw when people are businesses are considering a move to the city. With further expansions planned shortly, the tram network is a major advantage for Manchester.

TRAINS

Manchester is home to three major train stations — Piccadilly, Victoria and Oxford Road. Between them, they provide access to the rest of the UK, from Edinburgh to London and everywhere in between.

Manchester Piccadilly in particular is one of the largest, busiest stations in the UK and offers direct access to London and Birmingham, the UK’s other main economic hubs. Additionally, the rail network opens up some of the finest leisure options in the UK such as the Peak District and the Lake District, both of which are only a short train journey out of Manchester.

HS2

The HS2 high speed rail line is under construction and will cut journey times to London and Birmingham in half when it arrives in Manchester.

HS2 is the most significant infrastructure development the UK has seen in decades and will boost Manchester’s appeal to business even more so thanks to tighter links with the capital. This huge economic boost will come alongside a significant number of new jobs, further boosting Manchester’s long-term prospects.

MANCHESTER AIRPORT

Manchester Airport is in the middle of a huge £1bn expansion plan and is the UK’s only twin-runway airport outside London. You can reach the airport from the city centre within half an hour by road, rail or tram, and from there you can fly to hundreds of destinations around the world including New York, Shanghai, Mumbai and more.

The Airport is the international gateway to the North West and puts Manchester in a unique position as a midpoint for business across the world, increasing its attractiveness an bringing massive economic benefits to the region and the city.

Education.

Manchester boasts a world-class higher education sector that has a global impact and draws students from across the world. The specialist expertise of its universities is particularly attractive to international students who value what Manchester has to offer and add significant demand for housing to the city in particular, these students create a huge demand for luxury city centre accommodation.

In total, more than 100,000 students are enrolled across the city region’s five universities: The University of Manchester, Manchester Metropolitan University, University of Salford, University of Bolton and University Academy 92 — and between them they produce 36,000 highly-trained graduates each year.

Manchester retains more than half of all its graduates, a figure far higher than other comparable cities such as Leeds (31%) and Liverpool (29%). Furthermore, Manchester gains more outside graduates than any other city in the UK outside London according to the Centre for Cities’ ‘Great British Brain Drain’ report. The same report goes on to cite Manchester’s employment and career opportunities as the main reason for this, demonstrating how a strong education sector ties into the overall economic picture of the city.

THE UNIVERSITY OF MANCHESTER

The University of Manchester is the leading institution in the city and was recently named the world’s 27th best university, according to the latest edition of the QS World University Rankings. It is the largest single-site university in the UK and is a member of the prestigious Russell Group.

This means Manchester maintains its highest ever position in the rankings for a third consecutive year, and it has maintained its position as a top 6 university in the UK. Furthermore, the University is spending £1bn on its 10-year master plan to expand its city centre campus and create an institution which will keep Manchester at the top of the global rankings with a progressive, 21st century educational environment.

MANCHESTER METROPOLITAN UNIVERSITY

Manchester Metropolitan University is a modern university in the city centre which works closely with business, the community and other universities — locally, nationally and internationally — to be inventive and creative, give people the skills they need to succeed and have a real impact on Manchester and the world.

The Sunday Times named Manchester Metropolitan as the University of the Year for Student Retention 2021, and the same newspaper noted that it is home to one of the largest student creative communities in Britain. Substantial investments have been made recently to provide a new student’s union building, new laboratories, a £10m Exercise and Sport Science Centre, and a £6 contemporary arts centre on its Cheshire campus.

UNIVERSITY ACADEMY 92

University Academy 92 is a brand-new university concept in Manchester which is focussed on working with local businesses which co-develop the curriculum, offer placements, industry insight days, guest lectures and masterclasses. While some offer part-time work and scholarships to UA92 students.

It has been developed in partnership with Lancaster University, one of the UK’s most renowned educational institutions which has achieved a top 10 ranking in three separate national tables. This partnership brings something unique to the city of Manchester and attracts students from around the world.

Why Invest In Manchester?

Manchester’s ongoing development, its growing population and its bright future have created a huge demand for city centre living which cannot be met by the current supply. Indeed, there is no indication that demand can be met anytime soon despite the huge amount of construction underway.

Estimates from Manchester City Council show that the city centre population alone could reach 100,000 by 2025, and the city as a whole will see an additional 70,000 people in the same time frame. With employment figures also on the rise, along with a steady stream of graduates and major investments, it is easy to see why Manchester makes such an enticing investment proposition.

The market has proven itself to be resilient throughout the Coronavirus pandemic, continuing to grow. The groundwork for future growth is well demonstrated and all indications show that investing in Manchester property is both reliable and profitable in the long term.

Why Invest With Opulent?

At Opulent, we manage your property investments and portfolios as if they were our own. This dedication and attention to detail guarantee a personal service with tailored investment advice built to your exacting requirements.

Our team of experienced property investment advisors work tirelessly to identify and present the very best investment opportunities to maximise the return on your investment.

Whether it be identifying new property and off-plan developments for future resale or attractive rental properties with regular returns, we have complete confidence and proven expertise in delivering exceptional returns.

A Superior Investment Proposition

There is no shortage of investment advisors in the UK but, sadly, not every one of these will place your needs above their own desire to turn a profit. This is the precise reason that we set up our business in 2014.

It is witnessing poorly researched property investments lacking a strategic framework and companies willing to recommend developers without thorough due diligence checks, that led us to the comprehensive property investment service we are so proud of today. We call it ‘the Opulent Way’.

Adding Value, Creating Wealth

The ‘Opulent Way’ means adding tangible value based on a number of critical variables. It includes a research process second to none that allows us to make informed recommendations rooted in facts and figures and presented in a no-nonsense, easy-to-understand format.

It involves working with hand-selected, reputable developers with unblemished track records right from the very start. This ensures that property investment plans can be shaped to your needs and delivered with a confidence that we are prepared to stake our brand on.

Our primary goal is to create wealth and long-term financial security for you, and we are proud to do so transparently and ethically.

Total Management

We set out to create turnkey opportunities that are fully managed and require minimal input. There’s no corner-cutting, but by acting decisively we can circumvent the most decisively we can circumvent the most challenging part of the property investment process for you.

An aftersales team will guide you through your property investment purchases, absorbing most of the administrative burden. Forget time- consuming legal paperwork or preparing your property for rental. We’ll take care of it while you sit back and contemplate your next investment.

Available Investment Opportunities.

FIFTY5IVE

Fifty5ive is a quality, contemporary building in Salford, minutes from Manchester city centre, which provides an exceptional lifestyle and puts residents minutes away from everything that both cities have to offer — the perfect work-hard-play-hard home in the city centre.

iFifty5ive is far more than a place to rest your head, it is the ideal modern home where the extraordinary comes as standard. Each and every apartment at Fifty5ive has been conceived and built to reflect how you want to live. Bespoke designs and a commitment to the highest quality set these homes apart from the competition.

The needs of the resident are at the heart of each home. Open plan layouts, floor-to-ceiling windows and the highest level of luxury combine to create a living environment where health and wellbeing come first.

All fixtures, fittings and furnishings are carefully selected by the developer’s expert interior design team to create a sophisticated, stylish home which inspires, excites and works seamlessly. Every feature has been maximised so that the final apartment is more than the sum of its parts.

The Amenities

It’s not just the apartments at Fifty5ive which exceed expectations — the amenities are just as desirable, providing a 5-star living experience that turns Fifty5ive from a home into a real community. The state-of-the-art private gymnasium is fully-equipped with the sort of high-end kit that puts a regular high street gym to shame. Open to residents 24 hours a day, it’s perfect for people who value a healthy lifestyle.

Furthermore, Fifty5ive features communal areas including a roof terrace which provides stunning, unique views over the city, and communal lounges inside. However you want to relax, you can find the perfect spot at Fifty5ive.

X1 MICHIGAN TOWERS

X1 Michigan Towers is an exciting new flagship development which is set to change the Manchester skyline. Our new development features four iconic towers, each with unique façades and a stunning architectural design.

Each tower is set within a modern landscaped public realm which features cafe spaces, restaurants, retail and office space alongside the residential offer. With heights ranging between 14 and 35 floors, the towers provide both sweeping views of MediaCityUK, Salford Quays and central Manchester which can’t be found anywhere else.

This mixed-use scheme is an ideal investment opportunity and is truly unique in its contemporary design and perfect quayside location. Situated in the heart of MediaCityUK in the iconic Salford Quays, home to Coronation Street as well as the likes of the BBC, ITV, Ericsson and Kellogg’s, this new phase of development complements the existing towers, and fits perfectly within the bustling business and leisure community.

This is an exclusive opportunity to invest in a luxury property that is set to become the most in-demand building in one of the country’s busiest rental markets.

Start Your Investment Journey Today

Property investment is an astute choice for many and includes retirement fund planning, nest eggs to finance university education and experienced property investors seeking portfolio contraction or expansion. Get in touch today to find out more about our latest investment opportunities in Manchester.

Click here to download our Manchester Investment Guide in PDF format.

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