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We take a look at the key facts and figures behind the inspirational city of Manchester.
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Ken Bishop / 25 April 2017
As Joanne Roney takes the helm at the City Council, ensuring that Manchester can continue to evolve into a European business destination must be a key objective.
Manchester has changed dramatically over the past 20 years. Developments like Spinningfields, Mayfield, St John’s and NOMA, as well as a wealth of smaller developments, have been crucial in priming the city for increased inward investment and economic growth.
Many of these successes can be attributed to Sir Howard Bernstein’s focus and vision to support property development in the city, which has quite literally laid the foundation for expansion. Handing over to Joanne Roney, who has previous form on social infrastructure and skills development, comes at an important time.
To continue the upward trajectory, the Council now needs to focus on the city’s talent pool. This means investing in further education, the universities and our science, technology, and professional and financial services sectors.
While London is a far more expensive place to base an office, Manchester’s cheaper rents will only go so far in attracting new businesses to the City. Broadening the talent pool is a necessity. This creates a virtuous cycle as it makes the City more attractive to graduates and new businesses who each need one another.
The pipeline of stock coming forward in the next few years will only go so far in satisfying some of the larger requirements in the market, and demand is still dramatically outstripping supply. However, the key to building sustainable growth is to drive it from the bottom up, through the talent pool.
Given the strength of the market and the many regeneration initiatives already in place, there may be more gains made from this less glamorous area of the Council’s agenda than new flagship property schemes. These announcements may be less scene-stealing but they will be a crucial part of the city’s continued growth.
Ken Bishop is development director with JLL in ManchesterT: +44 (0)161 238 6275Ken.Bishop@eu.jll.com
Andrew Lynn / 17 May, 2017
MANCHESTER, 17 May 2017 - JLL has won Industrial Agency Team of the Year at the 2017 North West Insider Property Awards, held last week in Manchester.The awards celebrate excellence in commercial property across the North West, with JLL completing a very strong year.Andrew Lynn, Director in JLL's industrial and logistics team in Manchester, said: "Receiving this high profile recognition, reinforces our reputation to deliver market leading results for our clients. We are proud to be involved in some impressive deals, including the leasehold disposal of the two largest speculatively developed buildings within the UK, at Prime, Omega Warrington and Logistics North.”David Lathwood, Lead Director for JLL in the North West added: "I’d like to add my congratulations to the team - to be recognised as the best in the highly competitive industrial agency category is testament to the hard work and dedication of the entire team.”
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