MANCHESTERS' PROFESSIONAL BOOM
Throughout the Manchester area there is a large demand from young professional, graduates, medical undergraduates etc. There are huge companies such as the BBC and three large hospitals. There is a rapidly expanding banking, accountancy & legal district all of which are targeting this type of recruit for their operations. Many of these people are relocating to Manchester areas to take advantage of the lower cost of living, especially in the property rental market.
These graduates are for the most part ex London based and are more familiar with the rental market based on the multi let situation. They look for good quality finish, reasonable common room areas and adequate facilities within the property (bathrooms, kitchens etc)
One of the prime features we look for in our units is that they are within striking distance of all the major employment areas, we look for walking distance to the BBC, Media city business zone and campus and or walking distance to one of the largest hospitals in the country, Salford Royal Hospital.
Ten minute tram links take you into the heart of Manchester and therefore to the other hospitals and commercial business areas. New companies are opening all the time in Manchester, we have regional offices for RBS, HSBC, Coutts Bank on the tram line from our houses. The BBC media city houses ITV with Coronation Street and X factor, all the BBC studios and with hundreds of sound stages that surround the area. Also many other ancillary companies and hotels.
Central Manchester also hosts large professional groups regional offices such as KPMG, Deloitte and Pricewaterhouse in accountancy and of course in the legal profession we have Eversheads, Pannoni, Irwin Mitchell and the first ever office of "Magic Circle" solicitors to be outside London occupied by Freshfields Bruckhaus.
All these companies house whole streets of office blocks and tens of thousands of employees, thousands of which are young mobile ex graduates. None of this takes into account the large medium size companies that are thriving in the Manchester area. This creates a wealth of employment and the need for rental property, much of it contract and short term 12 month lets.
Add these to the other two large hospitals, Manchester Royal & Manchester Medical School which is a teaching hospital and you have a Manchester Boom in demand for quality, individually let rooms, the location of which is absolutely paramount within our model