£1.5bn Sheffield Regeneration attracts Property Investors

Heart of the City II

As a result of the pandemic, plans to extend the Meadowhall Shopping Centre have been revised. The amended proposal reflects the surge in online shopping over the year. In place of the initial £300m extension, the centre will see a smaller £150m revitalised leisure hall. The redevelopment will welcome new shops and food courts, supporting around 1,560 new jobs. Property investors and developers will benefit greatly from the new centre. The scheme will attract a pool of workers and increase the demand for accommodation. An influx of workers will also result in low vacancy rates in developments.

Of course, exciting times lie ahead for property investors as the city progresses through phase 2 of the incredible £470 million projects. The Steel City will witness 1.5million sq ft of redevelopment in the area. Aiming to revive the city centre landscape. The phased approach will provide maximum flexibility to adapt to any sudden market demands. The Peace Gardens and Winter Gardens have been successfully restored along with the city’s tallest building, St Pauls Tower.

For investors looking to secure a profitable asset in an area with increasing rental demand – look no further. This master plan, set to complete in 2024, will deliver around 7000 new jobs. Consequently, increasing employment rates and boosting the local economy. As a result, capital growth in the city will accelerate upwards. The already flourishing property market is set to prosper with the surging demands.

A Boost in Confidence for

Investors

The ever-evolving property market of Sheffield is a direct reflection of its booming economy. Sheffield is a growing business hub allowing people to connect and collaborate. Successful regeneration schemes in the centre have boosted the confidence of regional and international investors. As a result, the city attracts huge funds and is home to world-renowned brands, including the largest aircraft manufacturer, Boeing and the McLaren Automotive factory. It is also home to Rolls Royce, a business giant contributing £12.2bn to the UK economy.

The bustling city is constantly generating exciting opportunities for workers. Research-led facilities, listed below, employ professionals across the divisions of aerospace, transportation and healthcare.

• The University of Sheffield’s Advanced Manufacturing Research Centre (AMRC)
• Advanced Wellbeing Research Centre (AWRC)
• Advanced Manufacturing Park (AMP)
• Sheffield City Innovation District
• Research Campus
• Sheffield Business Park

Now as we all know, speedy internet is all-important. Homebuyers search for properties in areas with fast, affordable and reliable broadband. Superfast South Yorkshire (SFSY), is delivering a brand-new broadband infrastructure to South Yorkshire. The installation will no doubt continue to attract masses of businesses, from start-ups to established brands.

Economic activity is expected to increase to £3.7bn in the next decade. Great news for developers and investors alike, who are looking to delve into a prime investment location. Furthermore, purchasing a property amid the regeneration of Sheffield will result in a higher ROI in the coming years. As a result of a growing economy and increasing property prices.