MediaCityUK Phase II: A Place to Live, Work, Study & Play
MediaCityUK is the place to be. Over 7,000 people live, work and study on-site and over 250 businesses including BBC, ITV and Kellogg’s call MediaCityUK home. ITV’s multi-million-pound entertainment attraction, celebrating TV blockbuster I’m A Celebrity… Get Me Out Of Here! will open at The Watergardens development at MediaCityUK this year, adding to the rich leisure scene that already includes an award-winning and internationally recognised arts centre, restaurants, cinema and lifestyle outlet.
Since the first phase of development in 2006, Salford Quays has boomed. MediaCityUK has become the heart of Salford Quays, attracting millions of tourists per year, creating new jobs and become a home to hundreds of residents. MediaCityUK has become a community of employees, residents, students and tourists that populate the large walkways and tall buildings. Due to the success of the retail, leisure and residential facilities, it was no surprise that the Peel Group and Legal & General decided to inject a further £1bn into expanding the area in 2016. Since then, the next phase has also received an additional cash injection of £292m to further along the development.
MediaCityUK Phase II will see more businesses, residents and tourists flock to the area with increased retail and leisure offerings, adding to the mass of bars and restaurants already populating the centre. The development is expected to span across 10 years and will provide the 5 acres of public space with more apartments, hotels, offices and even a new metro-link station; set to open over the next year adjacent to the Imperial War Museum North and the Coronation Street studios. This connection will connect Manchester City Centre, MediaCityUK and to the Trafford Centre, opening up the travel options for residents and tourists of the area which will make Christmas shopping and navigating the Outlet Mall significantly easier.
As MediaCityUK grows into its next phase it will also cater for and be considerate of many different lifestyles, including the opening of its first entirely vegan restaurant. The backdrop of Salford Quays welcomes this new expansion and even more so the community that it will be expanding. Living in proximity to MediaCityUK is an extremely sought-after market with rental demand in the area consistently staying high. In 2019 alone a further 238 residential apartments opened on the premises, adding to the already large number of 378 apartments, featured in The Heart @ MediaCityUK and the Lightbox. If you decided to invest in MediaCityUK's residential properties the chances that you would see your property on TV around the world would be likely, as many of the UK’s most popular TV shows such as Coronation Street is filmed on-site and favourites like The Voice, Who Wants to Be a Millionaire, Blue Peter and even Naked Attraction are all filmed in dock10's HD studio with live audiences.
This building boom for Salford is a great opportunity that should be capitalised on as early as possible. The highly sought-after area offers a portfolio of stunning residential offers with community and ambition at its heart. MediaCityUK is adding value and a bit of sparkle to the Northern Powerhouse and as we said, really is the place to be.
If you are interested in investing in the area, why not check out our latest developments in the area and be sure to catch them whilst they are still available or ring us directly on 0161 713 3883.
Original post can be found @ https://www.lpcinvest.com/post/mediacityuk-phase-2-a-place-to-live-work-study-play