As the four days of networking at the world’s leading property market expo MIPIM draw to a close, we round up the week’s biggest announcements set to drive economic development and regeneration across our regional markets.
In a week that saw Lancashire’s delegates team up with their Manchester counterparts to promote the North West as an international investment destination, this year’s MIPIM expo has had a clear focus on building strong partnerships to drive forward major schemes. With the UK having sent its largest ever delegation out to the annual exhibition based in Cannes, and with the likes of Greater Manchester, Greater Birmingham and Leeds City Region pouring all efforts into attracting the attention of international investors to their cities, the key message was that despite the extended uncertainty around Brexit, Britain’s property and development market is “open for business”.
Building on the foundations of the Northern Powerhouse and Midlands Engine and with talk of how the upcoming mayoral elections in the North West could deliver a step-change in the balance of regional power, development partners are pressing forward with a series of ambitious regeneration projects with a clear focus on forming strong partnerships with all avenues of political power. Collaboration has been the driving force of a number of announcements made at MIPIM this year, not least some major new schemes announced in the regions:
Meanwhile, residential development featured prominently at this week’s expo with the UK’s Housing Minister Gavin Barwell’s attempting to entice the world’s real estate investors to the UK with a personal pledge to see him personally if they face trouble identifying land to build new homes in the country. This rhetoric demonstrates the openness of the Government to inward investment in the UK housing market to support growth and development. Top of the residential development list at MIPIM were announcements on Manchester’s Circle Square, St. John’s Neighbourhood and Bauer Millet showroom sites, Liverpool’s Festival Gardens and Central Docks developments, and Leeds’ International Pool development site among others.
Regional transport transformations were also highlighted at the event – with city representatives for Greater Manchester and Greater Birmingham showcasing a series of transformational transport schemes to international delegates. References to national transport schemes also received a nod – with Cheshire delegates promoting the transformational potential that the advent of HS2 could have on its home turf and Greater Birmingham delegates showcasing the wider development potential of the planned HS2 Curzon Station and Solihull Interchange.
At his final MIPIM as chief executive of Manchester City Council, Sir Howard Bernstein left one piece of advice for other cities looking to emulate the success achieved so far in his city – “collaborate”.
Alderley Park Life Science Campus, Manchester Science Partnerships
Mayfield Partnership urban neighbourhood sketch perspective, U and I Group plc