Published: April 5, 2023

Manchester’s set to be UK Government’s Civil Service HQ

Written by Amber Furr
Manchester rents soar as supply reaches a new low.
Overview

Manchester City Council are driving forward the redevelopment of the former Central Retail Park – a 10-acre plot to be transformed into a new office scheme, including a headquarters for the UK government’s Civil Service

The Civil Service has chosen Manchester as its new base due to its excellent transport links, extensive infrastructure, and ample supply of skilled workers. The area around Central Retail Park is already bustling with activity, and the new investment will bring even more vibrancy to the Northern Quarter, which was recently voted one of the world’s coolest neighbourhoods by TimeOut.

Delivering up to 8,000 high value jobs over the next 5-7 years, the development will attract a talent pool of young professionals and graduates – the prime rental demographic of the build-to-rent sector.

Great news for Manchester property investors, this increased demand for housing is expected to drive house price and rental growth even higher. Making now a prime opportunity to invest in Manchester, it’s the UK city set to see the strongest house price and rental growth over the next five years.

In their recent Big Six Residential Report, JLL forecast 19.3% house price growth and 21.6% rental growth for Manchester between 2023-2027. The report also revealed that it was the first UK city to surpass double digit growth post pandemic – another sign of the city’s strong economy, thriving job market and high residential demand.

Five-minute walk to One Port Street

Adjacent to our latest and most iconic Manchester development, One Port Street, employees based at the Central Retail Park redevelopment could walk home to One Port Street in just 5 minutes. Both located on Great Ancoats Street in the Northern Quarter, the Central Retail Park plan is another example of large-scale regeneration and improvements to public realm taking place in the area.

Known as Manchester’s creative capital, the Northern Quarter is a thriving hotspot for young professionals, graduates and creatives. Calling for a residential offering to keep pace with the demands of its inhabitants, One Port Street will bring a new standard of urban living to the city’s favourite district.

The local community is sure to benefit from both facilities, with their potential for job creation, economic growth, and a stronger property market. Delivering 477 premium apartments, One Port Street will create over 60 jobs in the construction phase alone and bring £28M of economic impact to the city.

Completing in Q4 2025, One Port Street will be the first development of its kind in the iconic Northern Quarter, bringing first-class amenities such as a luxury swimming pool, rooftop terrace, grand lobby centred around a real fireplace, and a ground-floor urban garden to be enjoyed in all seasons.

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