A look at Manchester – £26 Billion Development Market Towards 2025

As a potential or current home owner it is important to keep up to date on  progress and milestones in different regions.  In so doing, the current and future decisions made by an incumbent homeowner will be the right – well hopefully. My First Home

 

One of the UK’s largest urban economies and a key infrastructural hub – both in the North West, and in Europe, Manchester is a major growth area in the UK.

 

Forecasts project a yearly increase in the population of Manchester between 4,700 and 5,700 over the next two decades. The population of Greater Manchester will increase with approximately 13,000 annually, creating demand for around 5.7m sq ft of residential development and 3.6m sq ft of commercial property development equivalent to around £2Bn a year in terms of money.

 

The conference on Manchester looks at the future development plans, the status of the planning applications and the planning process, specific projects and prices for office, retail, housing and other segments on the short term of 2-3 years and in the long 10-15 years scope. We look at investment potential, timelines and opportunities.

 

For developers, investors and advisors the current plans offer a rich possibility for activity and good opportunities for business. The current projects in pipeline totals £3bn and especially for professionals with a focus on retail development there will be possible ventures in the medium and long term.

 

Commercial estate agents, developers, investors, city planners, contractors, advisors, architects, engineers and other property professionals with an interest in Manchester.

 

Participant list, including contact information, programme and slide packages as pdf files will be forwarded in a digital format after the conference (slide packages subject to speaker approval) – 80

Programme

09.00

 

Registration & Morning Coffee

 

09.30

 

Welcome & Conference begins

 

09.35

 

Opening speech: Manchester 2012-2016

Manchester has welcomed much investment throughout recent years. This has resulted in the creation of major sport and cultural facilities, the regeneration of declining neighbourhoods, the refurbishment and development of notable buildings and open spaces. The transformation from a former manufacturing capital to the modern knowledge economy capital is well underway. What is the grand vision for the development over the next 15-20 years and how will Manchester get there?

Stephen Kinsey, Partner, Addleshaw Goddard

 

10.00

 

Manchester housing market: 2013-2016

How is the residential market developing? Where are the lucrative areas and which ones are on their way up or down? What types of housing will be needed towards 2020 and who are the tenants and buyers now and in the future? Prices, turnover times and vacancy rates.

Ian Perry, Executive Director, Member of the RICS Management Board, Your Housing Group, RICS Management Board

 

10.25

 

Concrete projects & planning overview

What are the primary zones of development in Manchester? How is City Planning translating the visions of the city into actual developments? Overview, timeline and progress of key projects in the City now and in the future.

Sir Howard Bernstein, Chief Executive, Manchester City Council

 

10.50

 

Coffee break

 

11.20

 

Manchester commercial property market: 2013-2016

How is the market for offices, retail, and industry/logistics performing? What type of investors are looking at Manchester and what kind of deals get financed? Prices, turnover times and vacancy rates for prime and sub-prime locations now and 2013-2016.

 

11.40

 

First Street North: 2.25m sq ft in Manchester City Centre

This 20-acre scheme is a private-public partnership in multiple phases. The renovation of the former BT building is completed, but the pipeline for the area still holds two hotels (208 and 110 rooms), several small scale retail facilities, and a multi storey car park with 700 spaces. In addition, Manchester City Council is submitting a planning application for a cultural building supposed to house theatres, a gallery, cinema spaces and a new home for Cornerhouse and the Library Theatre Company. The total end value of the scheme is expected to be £750m. Overview, timeline, bidding plans and funding.

Ken Knott, Chief Executive, Ask Property Developments

 

12.00

 

MediaCityUK: Further development of 5m sq ft

The Peel Group, who developed MediaCityUK, is planning to commit itself further to the process of renewing Salford Quays. Having announced the next phases of MediaCityUK in January, 2012 The Peel Group is seeking outline approval for mixed use development, contining among other things 2.3m sq ft of offices, 1m sq ft residential and 280,000 sq ft of hotel development. The site at the heart of the application lies immediately to the east of the existing MediaCityUK complex and is bound by South Langworthy Road, Broadway and The Quays, extending to a total of just over 24.9 acres. Overview, timeline and coming tenders.

 

12.20

 

Salford Central: 3.4m sq ft of development

Developer English Cities Fund, a joint venture between Muse Developments, Legal & General and The Homes & Communities Agency, is working with Salford City Council to transform this area of the city. A first enabling phase of work, funded by the Northwest Regional Development Agency and European Regional Development Fund, included junction and highway improvements as well as improvements to the public spaces was completed in March. This is to unlock 2.4m sq ft of commercial space for office, retail, and leisure development, as well as 849 new homes and 390 hotel rooms. Planning application is set to be submitted later this year, with work likely to commence early in 2013. Timeline of process, tenders and planning applications and an overview of the project.

Derek Antrobus, Assistant Mayor, Salford City Council

 

12.40

 

Questions & Closing remarks

 

12.50

 

Conference ends & lunch

 

Companies and Establishments Attending

  • Addleshaw Goddard
  • Bennetts Associates
  • BLP Insurance
  • Buro Four Project Services Ltd
  • Carillion Construction Limited
  • Creswell Estates
  • Curtins Consulting Limited
  • ISG Construction
  • Kier Construction Major Projects
  • Lovell Partnerships Limited
  • MediaCo Limited
  • National Car Parks
  • NG Bailey
  • Overbury plc
  • Ramboll UK Ltd.
  • Ryder Architecture
  • SKV Communications
  • URS
  • WHR Property Consultants LLP
  • commercial developers

A little more on this matter once we have completed our ongoing research.


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