Preston - perhaps Lancashire's best kept secret in the property investment world?
THE CITY OF PRESTON in the heart of Lancashire UK is a hive of activity, with regeneration work and infrastructure developments attracting £434 Million worth of public funding and £2.3 billion of Private Investment.
Thanks to a package of private and public sector deals, the city is experiencing a ‘once-in-a-lifetime transformation’ that’s set to level-up its social and business infrastructure with a total forecasted growth of £1bn over the next decade.
Preston has been a leading force for business in the UK and the wider European and global markets since the Industrial Revolution. Today, it is home to the highest number of registered enterprises in Lancashire (5,165) and continues to attract new talent every year, including many from the University of Central Lancashire and beyond looking to put down permanent roots.
With the more well-trodden cities of Manchester, Leeds and Sheffield dominating the pre-covid headlines for property investment opportunities, this new city kid on the block is quietly taking the stage for the next property growth phenomenon of the North.
Preston has been identified by local and national government as an area of great potential. So much so, the city has received considerable recent investment, resulting in a rapidly developing cultural and economic landscape.
A number of schemes are already in place to upgrade Preston…
The Infrastructure Delivery Programme
This programme focuses on better connecting the area through the development and enhancement of local transport links, with a core focus on four road schemes. Its purpose is to unlock opportunities for new development, open the door to 17,420 new homes and create more than 20,000 jobs for new and existing residents.
The City Deal Investment Fund
This package is a £100m grant from the Lancashire Pension Fund which has been earmarked for co-investment into commercial housing and development projects.
The UCLAN Masterplan
The University of Central Lancashire (UCLAN) is one of Preston’s largest and most prestigious employers, with a student and staff community of almost 38,000 making it the fifth largest University in the UK based on undergraduate intake.
The UCLAN Masterplan is a £200m investment scheme that’s turning Preston’s already vibrant university into a world-class education facility. Plans for a fully integrated city centre campus will support university staff, enhance the learning experience for current and future student cohorts, and contribute to the city’s reputation as a metropolitan place to live and visit.
Proudly Introducing The Exchange, Preston
OUR FLAGSHIP new development has been carefully selected as representing possibly the best new-build residential investment opportunity for ahead-of-the-curve property investors.
The Exchange comprises high-specification 1, 2, and 3-bedroom apartments.
A fine addition to city-centre residential living in this happening city, perfectly positioned to meet the growing city-centre demand, and an excellent growth opportunity for investors.
Download the guide for pricing and further details.