Education and Office Space Fuels Manchester City Centre Construction Boom
4 Oct 2012
A new survey has revealed a boost to property development in Manchester city centre. The latest Drivers Jonas Deloitte Crane Survey showed a significant increase in construction work in educational establishments, hotels and the office sector from July 2011 to July 2012.
Researchers found that there had been a particularly large rise in investment in education facilities, with Drivers Jonas Deloitte director Michele Steel adding that the public sector was one of the major drivers for the “ongoing regeneration of Manchester city centre.”
Ms Steel noted that at the time of the survey – which also analysed construction work taking place in Birmingham, Leeds, Edinburgh and Glasgow – work on Manchester’s two universities alone had delivered a third of the total work that year on non-residential floorspace.
“With the council’s ongoing work at the Town Hall and Central Library, more than half of the activity has been public sector led,” she added.
“This is nothing new in Manchester and is demonstrative of the proactive development approach of the city’s key institutions.”
When it came to office space construction, Drivers Jonas Deloitte assistant director Adam Robson said that three new office schemes had begun in Manchester city centre in the past year