x
By using this website, you agree to our use of cookies to enhance your experience.
Graham Awards

TODAY'S OTHER NEWS

Regeneration areas tipped to be good investments for 2021

A property development consultancy is tipping five regeneration areas in England as potential good investments for the coming year.

SevenCapital says they have the common denominator of being relatively modestly priced now, allowing investors in the long term to reap the benefits of high yields and capital growth.

It says the five are:

Advertisement

Sheffield - Having already completed The Heart of the City masterplan, which saw substantial regeneration pre-pandemic, a new £470m Heart of the City II masterplan is underway. 

With planning proposals for 1.5 million sq ft of redevelopment including leisure facilities, apartments, public spaces and retail units, it’s expected this scheme will deliver between 5,000 to 7,000 new local jobs. 

SevenCapital says this is “a bona fide tick in the box of any private landlord looking for an area with increasing tenant demand.”

-

Birmingham - The UK’s second city has undergone a massive transformation over the past 20 years, with a raft of major regeneration projects already under its belt or well underway including the Bullring, New Street Station and Grand Central, the £700m Paradise redevelopment and Arena Central. 

The Midlands Metro expansion, which is underway, is expected to boost property prices nearby by up to six per cent. 

The 2022 Commonwealth Games, HS2 and Birmingham Smithfield Regeneration are all in the pipeline.

-

Leeds - The city has a £3m revamp to the main City station and a £270m facelift for the West End of the city centre underway. 

A further £18.6m is earmarked for three more projects: transformation of City Park in the South Bank, redevelopment of Temple Green Park and Ride and a scheme to renovate older homes in the Holbeck area of the city.

-

Manchester - Although it’s seen vast regeneration in the past 20 years there is still more to come, insists SevenCapital, with the largest plans including the £800m NOMA project in the north of the city, set to transform nearly four million square feet into office, retail and leisure space.

In addition to this there are also plans to renovate three key train stations – Oxford Road, Piccadilly and Victoria, which will mean better, faster connectivity across the city.

Slough: Nearly 46 per cent of home purchases here already are to those leaving London, and the town sites on the Crossrail route which has already boosted prices. 

Development already in place includes The Curve – a public arts and library venue - plus several leisure and sports facilities

In the pipeline are plans which will help transform Slough’s main high street, via a complete redevelopment of the old Queensmere Shopping Centre in the town centre – a site spanning nearly one million square feet of office space and 500,000 square feet of retail units.

Andy Foote, director at SevenCapital, says:“Regeneration is all about placemaking; transforming an area into somewhere that is attractive to the public as a place to enjoy living, working, socialising and relaxing.  

“That includes having the right infrastructure to improve connections to key locations, for commuting in and out. All of this is what helps to attract and increase demand from tenants, which is key to a successful investment.”

Want to comment on this story? If so...if any post is considered to victimise, harass, degrade or intimidate an individual or group of individuals on any basis, then the post may be deleted and the individual immediately banned from posting in future.

  • icon

    All those are too far distant for me, however I did buy a property in Lowestoft a few yrs ago, a regeneration area around 30 miles from me, sitting tenant having lived there since 1958, nice terraced house, close to a modern collage and big leisure centre , little old lady, every one's favorite granny type, rent always paid, even in lock down when her grandson went into the town center once a month to pay it. Lowestoft was lovely in the 50s and 60s and it could be again.

  • Andrew McCausland

    Everyone loves a list in the New Year and we all have our own ideas. I would however point out that this list leaves out Europe's biggest regeneration scheme - Wirral Waters and Muse /Wirral Council regeneration of Birkenhead.

    Just thought I would mention it as it is the largest one in UK by some measure. No doubt just an oversight by the OP!

  • George Dawes

    Old oak common , that's going to explode financially , google it

    That's my big tip !

  • mr seo

    Many thanks

icon

Please login to comment

MovePal MovePal MovePal
sign up