Business parks receive further investment as local growth continues

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Commercial property experts Magnus comment on Manchester’s business park office investment as more companies seek to take advantage of their prime locations and facilities.

Manchester’s business parks are experiencing a boom in investment as more companies seek to take advantage of their prime locations and facilities.

According to the Manchester Office Agents Forum, south Manchester’s market performed strongly in 2012, recording 660,000 sq of lettings – not far short of the total recorded in the city centre.

This latest investment in local property follows the announcement of plans to construct a new international business park at Manchester Airport made last month at the MIPIM property conference in Cannes.

Airport city is a four million square foot scheme that will aim to make the airport an even more attractive location for global companies to do business. The area has seen significant investment over the past 10 years and Airport City is one of several Enterprise Zones created by the government in an attempt to stimulate more growth in the economy. Companies that choose to locate in the zones will receive business rates relief and other benefits.

The growth in development around Manchester Airport shows no signs of stopping as deals such as this give further indication that the area is an increasingly sought after location for a range of businesses.

Steve Widdowson, Director of North West property specialist and management firm Magnus, commented:

” This investment is good news for Greater Manchester, this kind of positive growth will help stimulate the local economy by attracting other businesses to the area. Bringing in reputable occupiers reinforces the regions potential as a hub for other companies.

“Whilst some people may suggest that development such as that planned at Airport City may draw businesses away from the city centre, we believe that it will help the area become more significant internationally and bring more global companies to Manchester.

Having high quality commercial property and infrastructure available will encourage successful businesses to locate here, creating jobs and reinforcing Manchester’s status as an attractive alternative to London.”

Magnus UK specialises in office space across the north west. For more information about the firm and to view their latest vacancies in Manchester city centre and the surrounding area visit http://www.magnusuk.com/.

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Laura Kavanagh
Magnus
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