IN DEPTH


CHRIS BERKIN NORTH REPORTER ESTATES GAZETTE


DAY 3 019


England is eager to prove to the rest of the UK that it boasts several dynamic regions with the economic and political strength to run their own affairs. The North has so far proven itself


extremely well-placed to soak up excess investor and occupier demand from the South East.


In Q2 2014, northern cities made up


well over 50% of regional urban take-up in the UK, while investment in Manchester topped £1bn for the first time.


The city achieved a regional first when NFU Mutual cut a deal in September to


WILL RISE AGAIN A


fter a Scottish referendum saga that saw Westminster commit to a string of devolution concessions, northern


pay a 5% yield for the Chancery Place office block, redefining prime in the process. And investors are gaining confidence in


more experimental areas of the North, with the Chinese government backing the £60m New Era development in Sheffield. At MIPIM UK, the Northern cities are


attempting to make a clear show to the world of their newfound spirit of co-operation, with a collection of city regions and partnerships coming together to create unified offerings that can compete with the impressive demographic


The region’s dynamism and growing confidence means more interest and investment in less traditional areas. At MIPIM UK, a number of cities are showcasing some exciting new projects


and economic arguments of the central London boroughs.


Leading the way will be the Manchester at MIPIM partnership, exhibiting alongside Liverpool in another show of unity between the North West’s two economic powerhouses. Supporting the pair will be MIDAS – Manchester’s inward investment agency – Bolton council, Stockport council and Cheshire West, with the Manchester city region again putting on the largest showcase of the North’s property offering.


VISIT US AT STAND J13 AT OLYMPIA, KEEP UP WITH THE LATEST NEWS AT WWW.ESTATESGAZETTE.COM/MIPIM/AND FOLLOW USONTWITTER @ESTATESGAZETTE


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