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Liverpool: Hotspot for Economic & Population Growth

A new survey on the UK’s 24 leading urban economies saw Liverpool rated as one of the top four hotspots in the UK for economic growth potential.

Liverpool’s economic growth rate, coupled with investments into the city’s development and infrastructure, is poised to create more jobs, further driving demand for housing and cementing its reputation as one the best-performing property investment locations for landlords.

The results of a survey on the UK’s 24 leading urban economies saw Liverpool rated as one of the top four hotspots in the UK for economic growth potential.

The study was executed by a global design and infrastructure consultancy known as Arcadis. To achieve the rankings, six key features of a prospering city were calculated and compared: workforce and skills, infrastructure, business environment, place, city brand and housing. Liverpool was ranked within the top four economic hotspots together with Edinburgh, Oxford, and Cambridge.

The report was welcomed by both City Region Metro Mayor Steve Rotheram and managing director of the Liverpool City Region LEP, Mark Basnett.

Mr Rotheram said: “This is an encouraging report but, in a sense, it tells what we already know. External validation is always useful and helps to signal to UK and international investors the huge opportunities that exist within the city and wider city region. Devolution gives us a huge opportunity to realise that potential by prioritising the areas identified in this report.”

The report revealed that Liverpool’s strengths were its brand, infrastructure, positive business environment and quality and affordability of housing supply — the latter has earned Liverpool a considerable number of titles as one of the UK’s best buy-to-let areas.

 

Not the First Time

A look at Liverpool’s economic history reveals that its position at the top of a list on economic growth is not some newfangled occurrence. In 2015, figures by the Office for National Statistics (ONS), revealed that Merseyside, a metropolitan county that comprises Liverpool among other cities, experienced an economic growth rate faster than London, Manchester and any other major British city.  Just last year, Liverpool was voted as ‘The UK’s Buy-To-Let Hotspot’ for property investment returns and capital growth. With this positive trend extending into 2018 along with major regeneration schemes, Liverpool and economic growth are set to be well-acquainted in the years to come.

Liverpool’s strengths were its brand, infrastructure, positive business environment and quality and affordability of housing supply.

 

 

Liverpool’s Knowledge Quarter: Catalyst of Economic & Student Population Growth

What will further catapult Liverpool’s economic progress is the Knowledge Quarter, a £2bn vision to establish  the city as one of the world’s leading districts for science, technology, innovation and education.

For this goal to be actualized, it is crucial for well-resourced and world-leading universities to take the lead due to their resources and conducive environment. What is usually forgotten is that labs and classrooms are the birthplace of pretty much all the latest technology. AI and deep learning, automation and predictive analytics have all, in some form, started in an educational institution and not a traditional software development environment. The Knowledge Quarter is a perfect example of the UK’s progress towards this major goal, marking its transition into the next digital revolution and cementing Liverpool’s position as one of UK’s core cities taking part in it.

With several universities already residing in Liverpool’s Knowledge Quarter, a growing student population is bound to follow — Liverpool is home to a whopping 67,000 students!

Worth noting is the rising demand for proper accommodation  in the undersupplied student property market. Found below are figures that illustrate the dire shortage of purpose-built student accommodation (PBSA) in Liverpool as of late 2017:


Student Population: 67,000

Amount of Housing Available Through University: 4,500
Amount of Total Student Housing Available: 17,857
Potential Yields: Approx. 8% per annum

 

This shortage, a burgeoning student population and the relevance of the Knowledge Quarter as a one-stop education and technology centre, make PBSA in Liverpool the ideal investment.

Opportunities for investment are also found in the residential property sector as high house rental values have given Liverpool’s city centre some of the highest rental yields in the UK. According to latest research, Liverpool and Nottingham were the best performing property investment locations for landlords with average nett rental yields of 6.2%, no doubt greatly credited to the education sector. With Paddington Village, a massive regeneration scheme within the Knowledge Quarter, poised to create up to 10,000 jobs and fuel demand for housing, we see this trend continuing into the future.  

With Liverpool’s Knowledge Quarter and education centres in mind, it would be a good idea to dip your toes into the pool of Liverpool’s looming success as soon as possible! 

Feel free to contact the team at CSI Prop for more information about how to get involved with Natex and how to build an impressive property portfolio.

By Nimue Wafiya 
Additions & edits by Vivienne Pal

Sources:

http://lbndaily.co.uk/liverpool-one-top-four-hotspots-growth-potential-new-report-says/

http://www.finsmes.com/2018/03/new-report-reveals-liverpool-is-one-of-the-top-hotspots-for-growth.html

https://www.timeshighereducation.com/blog/uk-cannot-compete-digital-age-without-top-universities

http://www.primesite-developments.com/5-best-student-towns-invest/

www.movecommercial.com/12439-2/

https://www.propertywire.com/news/uk/liverpool-nottingham-top-buy-let-investment-rankings-uk/

www.csiprop.com/uk-property-outlook-2018/

www.resolutionfoundation.org/media/press-releases/merseyside-grew-fastest-in-a-strong-year-for-britains-major-city-economies/

www.csiprop.com/liverpools-knowledge-quarter-world-class-innovation-district/

www.csiprop.com/properties/natex/


CSI Prop proudly promotes international investment property with high yields at low risk. Our portfolio comprises residential and purpose-built student property in cities across the United Kingdom (London, Luton, Manchester, Liverpool, Newcastle, York, Glasgow, Scotland; Sheffield, etc); Australia (Melbourne, Perth, Brisbane) and Thailand (Bangkok). Our projects are concentrated in high-growth areas with great educational, infrastructural and job growth potentials. We aspire to make a difference in the lives of our clients by helping them achieve their investment goals through strong market research backed by third party experts and due diligence. 

Disclaimer: CSI Prop does not provide tax & legal advice and accepts no liability. Readers are encouraged to consult a qualified tax or legal advisor for a thorough review.

Need advice or clarification? Call us for more information and/or to find out about our projects! Hotline: 03-2162 2260

 

 

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Liverpool’s Knowledge Quarter is World-Class Innovation District

Liverpool’s Knowlegdge Quarter: here’s a partial location map to provide perspective to the project. Image credit: http://bit.ly/2y9YbGi

Liverpool is on the cusp of becoming a world-class destination for science, innovation, education, technology and the creative and performing arts. The city’s £2bn vision to establish Liverpool’s 450-acre Knowledge Quarter as one of the world’s leading innovation districts, will further reinforce its status as one of the best student cities in the world.

The Knowledge Quarter is one of five mayoral development zones in Liverpool. It spans a huge area mostly to the east of the city centre behind Lime Street Station, encompassing the University of Liverpool, Liverpool John Moores University, the Liverpool School of Tropical Medicine, the new Royal Liverpool University Hospital, Sensor City, and the Liverpool Institute for Performing Arts.

The Knowledge Quarter in Liverpool is around 450 acres and Paddington and KQ Gateway are each around 30 acres. Image credit: http://bit.ly/2ylVlPm

Within the Knowledge Quarter are two major development sites: the £1bn Paddington Village and Knowledge Quarter Gateway. Another key development is the Knowledge Quarter Liverpool (KQ Liverpool) railway station, connected to the city’s underground network.

Paddington Village

The Paddington Village project occupies a massive a 1.8m sq ft behind the Royal Liverpool Hospital, and is earmarked for health, education, science and residential development. Construction giant Morgan Sindall has already won the contract to design and build the £35m new Northern base for the Royal College of Physicians (RCP).

The RCP is one of the world’s most renowned medical institutions and the Liverpool project, its first centre of excellence outside London, will create 100 jobs. Completion is targeted at 2019.

Also committed to the site are Liverpool International College and The Rutherford Cancer Centre. The RCP and Liverpool International College are the anchor tenants of the site.

Work has already begun at the new Royal Liverpool Hospital, which is perhaps the biggest project in the Knowledge Quarter. Here is Aidan Kehoe, chief executive, Royal Liverpool and Broadgreen University Hospitals NHS Trust, on the site of the new Royal. Image credit: http://bit.ly/2xe8Bp1

KQ Gateway

KQ Gateway sits at the other end of the Knowledge Quarter, between Mount Pleasant, the old Lewis’s store, Copperas Hill and Lime Street Station. The area, with the support of the mayor of Liverpool and collaboration with other parties, will be transformed into a vibrant space – new shops, offices, galleries, bars, restaurants, gyms and university space.

Only 2 hours from London by train, KQ Gateway will offer a new commercial space for tech and digital businesses, alongside futuristic educational space. Regeneration of KQ Gateway is already underway — the Ion scheme on Lime Street and the Liverpool John Moores University’s demolition of the former sorting office on Copperas Hill, to name a few.

Work Underway

The new Sensor City in Liverpool’s Knowledge Quarter is cladded with stunning gold circuit boards, marking a £15m high-tech hub that could create 1,000 jobs and help make Liverpool a global technology leader. Image credit: http://bit.ly/2yawoWk

The biggest project so far in the Knowledge Quarter is the massive new Royal Liverpool Hospital.

But several other projects are already well under way, including the £15m Sensor City scheme and the Materials Innovation Factory where Unilever and the University of Liverpool are working together to create innovative products and materials.

Existing schemes in the Knowledge Quarter include Liverpool Science Park, whose three buildings are already 90% full.

Liverpool mayor Joe Anderson said: “With £1bn of investment already underway and a potential further £1bn at Paddington Village alone, these are really exciting times for Liverpool and the wider city region’s knowledge economy.

Mayor Anderson agrees: “KQ Gateway not only presents an opportunity for significant future investment and regeneration but will ultimately create more highly skilled jobs in Liverpool and strengthen the city’s position as a world-leading innovation district. By attracting investment and creating jobs, I believe that we can improve people’s lives.

“Ordinary cities lead to ordinary lives but Liverpool is no ordinary city – we are exceptional and exceptional cities foster exceptional lives”.

What’s clear at the end of the day is that the Knowledge Quarter scheme could bring THOUSANDS of new jobs to the city in addition to increasing demand for housing.

Knowledge Quarter chief executive Colin Sinclair said: “We’re not just banding big figures around. What we’re trying to say is this is a landmark, a historic moment in the future of Liverpool .

“And there’s a really bright future for Liverpool. When that kind of investment is being made you can really say to any investor from around the globe, America, India, China, that Liverpool is a city of opportunity.

“It’s a step change. We’re not dabbling around the edges here. We’re trying to create something that is lasting for the city.”

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CSI Prop proudly promotes international investment property with high yields at low risk. Our portfolio comprises residential and purpose-built student property in cities across the United Kingdom (London, Luton, Manchester, Liverpool, Newcastle, York, Glasgow, Scotland; Sheffield, etc); Australia (Melbourne, Perth, Brisbane) and Thailand (Bangkok). Our projects are concentrated in high-growth areas with great educational, infrastructural and job growth potentials. We aspire to make a difference in the lives of our clients by helping them achieve their investment goals through strong market research backed by third party experts and due diligence. 

Disclaimer: CSI Prop does not provide tax & legal advice and accepts no liability. Readers are encouraged to consult a qualified tax or legal advisor for a thorough review.

Need advice or clarification? Call us for more information and/or to find out about our projects! Hotline: 03-2162 2260