£280 million property investment boost in North West

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North West commercial property specialists Magnus UK buoyed by £280 million of investment in sector over last three months of 2012.

More than £280 million was invested in the north west commercial property sector in the final quarter of 2012, according to the results of a new study reported in the Manchester Evening News (MEN) - http://www.manchestereveningnews.co.uk/business/property/lambert-smith-hamptons-study-showed-1310656.

This figure, from the MEN, is a significant boost compared to the level of investment in the previous quarter – around £215 million – and is another indicator showing that Manchester, and the north west, are growing hubs for property investment.

The article also reported a total of £881.64 million in transactions were made in the north west commercial property sector over 2012.

Another similar study reported on TheBusinessDesk.com - http://bit.ly/ZbG0gW - recently revealed Manchester has experienced a boost in rental growth, reporting rental rates in 2012 increased by three per cent. According to the survey, rental levels are expected to see a further increase in 2013, due to an expected limit of the availability of new space next year.

TheBusinessDesk.com also reported Net stock absorption in Manchester increased sharply during the final six months of 2012, which the article said was due to the completion of the new Co-operative Group headquarters at One Angel Square.

Commenting on the results of both studies, director of north west commercial property specialist Magnus, Steve Widdowson, believes the statistics are an indication of the many positives which businesses can benefit from when buying or renting property in Manchester and the north west;

                 “There are many reasons why so many businesses, of all kinds and in all sectors, choose Manchester as their base. Its location means other cities and towns are within easy reach – Liverpool, Birmingham, Leeds and Preston are all accessible by road or train within two hours, and London is just a couple of hours away by train too.

                    Considering its great location and the opportunities offered by Manchester the rental and buying rates in the city are very reasonable.

                    Another bonus for companies choosing Manchester for their base is the regular influx of employable people – the city is home to two universities, and many graduates from UCLAN and other north west universities head to Manchester at the end of their degree course.

                    The economic climate is still tough for many sectors but all the signs show that Manchester and the north west are areas set for great success.”

Notes to editor:
Magnus is a leading provider of commercial property and office space to rent in the North West. For more information about the firm's services, visit its dedicated website: http://www.magnusuk.com.

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Steve Widdowson
Magnus
01625 422 065
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