Invest in MediaCityUK’s exciting new Lightbox development
It was once the case that when property investors looked to the UK, London was the only city on their minds.
That all changed with the arrival of Manchester’s MediaCityUK, a multi-billion-pound regeneration scheme that changed the face of a city and tipped the power pendulum to the north.
MediaCityUK is a hive of creative industry and investment, providing stylish urban spaces for the city’s elite to live, work and socialise.
It is home to one of the country’s biggest employers, the BBC, as well as independent broadcaster ITV, the University of Salford and BUPA, one of the world’s biggest healthcare companies.
Lightbox, a stunning new residential development, is set to rise above this dynamic area, offering studios, one-, two- and three-bedroom apartments.
According to Ray Hogan, managing director of Oryx World Portfolio, Lightbox is the development investors would be keen to purchase as it offers incredible net yields.
“Since the BBC moved to Greater Manchester in 2010, the demand for high-quality housing in the city has soared,” he says. “The redevelopment of the area known as Salford Quays has created opportunities for developers to build chic homes that will be a magnet to professionals.”
MediaCityUK is connected to Manchester City Centre by its own Metrolink station, with trams going direct to Manchester Piccadilly, the mainline railway station.
The development is built along Manchester Ship Canal offering waterfront views across Old Trafford, home of the world-renowned Manchester United Football Club.
Increasing numbers of international companies now have a presence in the city, meaning while house prices across the UK are set to increase cumulatively by more than 22 per cent over the next five years, in Manchester, they are set to outstrip that – at a staggering 24.6 per cent.
The city’s rental prices are also set to increase dramatically, outrunning the national average of a cumulative rise of 19.9 per cent at 22.8 per cent over the next five years.
To be part of the Manchester momentum, contact Oryx World Portfolio today on +971 4 4462000.
Download the brochure here