Published: 6th November 2014
A new report released last week has shown that the past twelve months have witnessed a significant increase in the overall levels of commercial property investment in the North West of the United Kingdom. The report, which was released by Lambert Smith Hampton, the commercial property consultants, showed an increase over over 130% in commercial property investment in the North West over the course of the past year. Focused predominantly around the major cities of Manchester and Liverpool, in excess of £2.1 billion was invested into commercial property over the period.
The North West was not the only location to have benefitted from the increase in commercial property investment, with over £6 billion being invested in commercial property projects throughout the UK in the last quarter. Most notably, these are the highest levels for the sector since the pre-recession period. With regional investment becoming a more politically sensitive issue in recent months, it is widely expected that the higher levels of investment into the major northern cities is likely to continue for the foreseeable future. A number of high profile large scale infrastructure projects have been discussed, including the potential HS3 project which would seek to improve links between the major Northern cities.