Undoubtedly, Manchester is seen by many as the leading contender for UK’s second city, something that can be attributed to the strong leadership that has continued to drive forward regeneration relentlessly over a distinctive 20+ year period.During this period, city centre living has certifiably returned to Manchester and this has been underpinned by strategic investment and positioning of land, diversification of employment markets, harnessing Manchester’s strength in key sectors, creating partnerships to drive delivery and perseverance through difficult times. Sir Howard Bernstein had a key role to play in all of the above and those responsible for continuing his legacy must ensure the city continues to deliver on its key priorities.
It is this continued renaissance that fills the Liverpool delegation with confidence as we return to MIPIM, the international property festival in Cannes, with our largest delegation, a real energy in the public-private sector collaboration, and involvement from the wider City Region in the form of Wirral MBC and the Liverpool LEP. Collaboration and confidence, a great partnership.
The value of international market transactions rose by 60 per cent in 2016. The statistics, in partnership with Experian Corpfin, show that despite the marked increase in spend, the number of transactions dipped 30 per cent from 44 to 31 over the year, giving an average deal size of £20m, more than double the £9m seen in 2015.
Construction is a high cost, high risk, long-term activity and is routinely looked to as a marker for the economic health of a city or region. Our Real Estate Regional Crane Surveys highlight this link between development and prosperity, examining the external influences and key market drivers of city centre construction.
This week saw the UK launch of Deloitte’s technology, media and telecommunications predictions hosted in Manchester. In its 16th year the annual report reveals the perspectives gained from hundreds of conversations with industry leaders and tens of thousands of consumer interviews across the globe.
Deloitte joins other leading businesses in signing up to the new government scheme, the Northern Powerhouse Partnership. By signing up we have committed to join forces with government to help the North achieve its full potential - and attract new jobs and investment into the region.
Over 1,000 companies in the north of England are ripe for private equity investment, according to a new study.
Commissioned by the British Private Equity & Venture Capital Association (BVCA), Deloitte and NorthEdge Capital, the study examines the role private equity can play in unlocking the potential of the north, which lags behind London and the South East in economic growth and productivity.
The news that the staple of the High Street, Marks & Spencer are potentially going to close some of their worst performing high street stores may have sent a shiver through the market on Friday – but is it as bad as we might think? Possibly not. Whilst no one would doubt the importance to the health and vitality of a town centre than someone like M&S or indeed BHS, perhaps it is time to recognise that there is life after a shop closure.
The newly published Greater Manchester Spatial Framework is already making headlines, principally because it suggests making the first substantial changes to the green belt that we have seen in a generation.
However whilst we are sure there will be a lively debate about green belts and new housing allocations, from our perspective there are other matters bound within the plan that are perhaps even more worthy of note.
The Northern Powerhouse is real and is a genuine attempt to develop a programme capable of achieving sustained growth across the North to address the productivity gap and contribute more to UK PLC.
But we need to be honest about that fact that the history of pan-northern collaboration is patchy at best and there is no guarantee of success with the Northern Powerhouse, even backed by Government support. It needs to align the political objectives of the different parts of the North, while securing the buy-in of business, HE sectors and others, in order to sustain it over the long term, sufficient to make the step changes needed.
Northern Powerhouse: Why big businesses should be supporting start-ups in order to strengthen their prospects
The Northern Powerhouse is a fantastic opportunity for the growth of businesses throughout the north.
The government’s appointment of a new Northern Powerhouse minister, Andrew Percy, is a step towards making this idea a reality. But to ensure its long-term success, there needs to be supportive interaction between big businesses and innovative start-ups. This collaboration will form the final part of an equation that will enable businesses to evolve from an idea into a global success.