Delph has been investing in the UK’s regions for almost 70 years, and in that time, we’ve worked in fantastic places up and down the country. But I’d like to share my 5 most exciting regions right now.
Nicholas Belkin is Head of Acquisitions at Delph
Manchester was always going to top any list of the most exciting regional cities.
So what makes it an exciting place? The City is buzzing with new tech start-ups, helped by £327m invested in northern tech businesses last year, up from just £20m in 2007. The city has also become a haven for media jobs following the creation of MediaCityUk, which is home to big brands such as the BBC and ITV.
However, Manchester’s regeneration looks set to continue and the £1bn plan to create a world-class sports and leisure complex is just one exciting facet of revitalisation taking place on a scale virtually unprecedented in any other English city.
Consequently, the city has experienced some of the strongest house price growth in the country, increasing some 6.4% in 2016, far outstripping that of London. Delph will shortly launch our new development, the Hallmark, in the city’s Green Quarter and it’s fantastic to be working in an area that has a real buzz about it.
Another of the North West’s great cities, Liverpool, has been undergoing a facelift in recent years. Notable successes include the £920m Liverpool ONE complex, which redeveloped 42 acres of underutilised land in Liverpool’s centre to create the largest open air shopping centre in the UK.
As a result of long term investment, Liverpool’s rate of job growth exploded to 38.1% in 2016. Liverpool is home to the highest number of fast growing firms in the UK and the city is a hive of young professionals. Major employers relocating to the region include Barclays, Jaguar, Land Rover, Sony Santander, Halifax, CBRE and KPMG.
We had great success back in 2013 with our development West Tower, still Liverpool’s tallest building, and our new development, Orleans House, is testament to the change that the city has undergone. The high specification apartments located in the city’s financial district are perfectly suited to the growing number of high-skilled jobs in the city.
What’s more, the recently announced £5 billion regeneration of Liverpool’s historic docklands is one of a number of schemes that take the city to the next level.
Leicester is undergoing a big transformation. Infrastructure schemes like the creation of Jubilee Square and the Cultural Quarter have already enhanced the area and the recently announced £80 million development to regenerate Leicester’s rundown waterside will continue this.
Leicester is one of the great upcoming places to live and, for those with a business mind, to invest. We have been working in Leicester for some time and have seen impressive capital growth in our last three developments in the city.
Birmingham today is a nod to its brilliant past; one of the UK’s vital centres for business and innovation. Anyone who suggests that this city is lagging in its regeneration is undervaluing its evolution.
HS2 has spurred a huge amount of investment into the region. The station and surrounding area’s development plans alone will create more than 77,000 jobs and add over £4 billion to the region’s economy over the next 20 years.
In addition, the super speedy train line is prompting employers to re-consider their London obsession, with HSBC announcing it plans to move 1,000 jobs from its Canary Wharf headquarters to Birmingham.
On the residential side, Birmingham’s sales growth is predicted to out-perform the national average and also far outstrip London in 2017. Delph has accomplished a lot with our Birmingham projects The Foundry and Metalworks and is looking forward to investing further in this exciting region.
Sheffield is perhaps the unsung hero on this list. But all of that could be about to change.
Regeneration is very much on the table and plans include a £175m scheme to regenerate Sheffield city centre, bringing offices, apartments, hotels, restaurants, shops and public spaces.
Sheffield is even attracting interest from overseas, with Chinese Sichuan Guodong Construction Group pledging to invest £220m in the next three years and is the biggest Chinese investment deal outside of London.
The residential market is also looking incredibly strong in Sheffield, over the last 12 months house prices increases by 4.1 percent, the highest rise in the whole of Yorkshire.
So there you have it. This provides just a small insight into some of the UK’s great regional cities, but there are definitely more out there and we plan to visit them soon.
If you have a city centre development you’d like to sell, if you’d like to de-risk your development from the start, if you want to find out the many ways Delph can work with you; drop us an email to arrange a chat on how we can help you get building.
Tel: +44(0) 20 7907 5555