At Qualis Developments we are proud to work in some of the most exciting and dynamic areas in the North of England. Our markets are hotbeds of innovation, and our homes are designed to appeal perfectly to the type of young professional worker who wants to be a part of it. Recent news from MediaCityUK and Sheffield underlines the potential of these areas.
As the home of the BBC and ITV, MediaCityUK needs no introduction. This quayside destination is both a great place to live and home to hundreds of businesses – and it is about to double in size. Phase 2 will be made up of a further 10 developments including 50,000 sqm of office space, a public square, a pocket park and more restaurants for the area.
News this week confirmed that Peel Land and Property, the group behind MediaCityUK, has secured £292.5m of funding which will ensure development can go ahead over the next decade. More than 8,000 people live, work and study at the site currently and, when the expansion is complete, this will be one of the busiest and most impressive sites in the UK.
The managing director of MediaCityUK, Stephen Wild, said: “We are delighted to have such strong support from our lenders and this arrangement helps support our aspirations for future development. Our phase two plans will focus on driving forward the already established residential community at MediaCityUK, as well as acting as a magnet for even more digital and tech businesses. It promises to be an exciting next 10 years.”
Want to invest here? The Interchange is our first development in Greater Manchester and is located just minutes from MediaCityUK, either by walking or Metrolink tram. When the site expands in the coming years, residents of The Interchange will be even closer and the demand for high quality rental accommodation is likely to increase significantly.
For more information about The Interchange, please click here.
Sheffield is considered by many to be in the same position Manchester was five years ago – bursting with potential and on the verge of a major economic boom. The property market is set to follow suit and investors from around the world are showing strong interest in Sheffield buy to let properties.
A good example of Sheffield’s potential for future growth emerged this week. Research from Payment Sense shows that Sheffield is the number one city in the UK in which to start a business, with the 5-year survival rate of start-ups being as high as 44.9%. With a whole range of initiatives coming to fruition in the city it is likely that Sheffield will continue to improve in this area and, in turn, will continue to attract new businesses and workers.
Additionally, research from Yorkshire Bank shows that Sheffield is the joint-best city for female entrepreneurs, sharing the honour with Bristol. 38% of female business leaders in Sheffield reported growth for their enterprises over the last year which is an impressively high number. The research also revealed that almost two thirds of female entrepreneurs operate on a local scale, meaning that there is potential for Sheffield to keep growing in this regard.
Great Central is our first development in Sheffield and it is located in the heart of the city’s most in-demand rental market, adjacent to Kelham Island. As Sheffield’s economy and population continue to grow, an increasing amount of rental accommodation will be required. Great Central is in construction and perfectly placed to fill that gap.
If you are looking for your next UK buy to let property investment, click here today for more information.