A Jones Lang LaSalle study has ranked Manchester among the top 50 cities in the world for property investment.
Taking into account the size of its economy in gross domestic product the study placed Manchester 15th globally, ahead of Paris, Beijing and Milan.
David Lathwood, director and head of Jones Lang LaSalle in the North West, said that investment in infrastructure is critical in order to maintain its position as a top international destination for investment. He said “Continual investment in the airport, High Speed 2 and the on-going growth of the city’s universities are absolutely critical to attracting new investment, while key development sites need to be brought forward quickly and regeneration projects accelerated.’
Further good news for Manchester has come this week from Manchester Airport Group, which announced that its Â£650m plans for Airport City will help create 11,400 jobs at its 65 acre development north of the airport terminals on either side of the M56 spur road.
All of this is great news for property investors and businesses alike. Investment in Manchester brings exciting opportunities and this news, along with exciting new projects including the NOMA district, One St Peter’s Square and the growing occupancy at Media City, can only further improve Manchester’s prospects as a global city for business.
Farleys recently expanded our commercial team in the city centre with commercial property partner Ian Liddle moving to our Manchester office at Parsonage Gardens. Our commercial property team work alongside clients in all manner of commercial property transactions from simple leases of office space to the most complex of developments.
To speak to a specialist commercial property solicitor at either our Manchester or Lancashire office, please don’t hesitate to get in touch.
By Stephen Greenwood, Commercial Solicitor in Lancashire