Manchester is undergoing significant urban regeneration – boosted by an ambitious agreement between the government and Manchester City Council to unlock 27,000 hectares of post-industrial brownfield land over the next three years using £51.6 million of public money. Here’s an overview of the new urban regeneration investment hotspots to look out for.
Upper Brook Street
The £450 million Upper Brook Street scheme will provide almost 2,000 students beds and over 500,000 square feet of life sciences workspace. Construction works are expected to start this summer.
Holt Town
Nestled strategically between the city centre and burgeoning investment hubs such as Sportcity and Co-op Live music venue, Holt Town assumes a pivotal spot in Manchester’s landscape. Forthcoming developments will breathe new life into 30 hectares of land, with the creation of 4,500 sustainable homes. Holt Town will also have its own new Metrolink Station, opening the area to businesses and the work opportunities that come with it.
Ancoats
Coming soon to Ancoats is ‘This City’, providing 129 new residences, including apartments and townhouses, 30% of which will be available on the Manchester Living Rent scheme; Ancoats Green providing new and enhanced green spaces; and Ancoats Mobility Hub, enabling visitors and residents to leave their cars for more sustainable transport options such a bicycles and electric vehicles.
Withington Village
Withington Village will receive £2.1 million from the Manchester City Council for two flagship projects: Rutherford Place and Copson Street. Rutherford Place will provide a new public square at the gateway to Withington Village to create an improved setting for the library and other heritage buildings; while Copson Street will be pedestrianised and include a rain garden and more greenery.
The perpetual regeneration and boundless opportunity in Brownfield Land has been infusing Manchester’s economic landscape with renewed vitality. The council has been prioritizing on developing inner-city brownfield sites with existing infrastructure to meet high demand for housing. Despite significant regeneration, the city still requires more construction for residential, retail, leisure, and commercial purposes.
For property investors seeking to add to their portfolios, the allure of Manchester’s new and improved destinations beckons. Contacting us today to explore investment opportunities within Manchester.
