“We know of no other site which is as dynamically focused in terms of demographics, geographic and psychographics. The Sun Cities web page will provide a catalog of community based services ranging from civic and recreation center clubs, health care providers, business. The numbers of viewing was up markedly – by 110.3% overall with massive growth in the South East and the West Midlands – Herefordshire and Worcestershire saw buyers back in force with viewings up by well over 143%. The number of sales achieved was up 29.0% (esp. South West England – Cotswolds up 43%, Cornwall and Devon up around 50%).”
The BBC’s decision to make Salford Quays its preferred location in the North West is already having a major impact on demand for waterside homes there, according to property expert Knight Frank. This is a part of Conveyancing. The extra knowledge of the settlement agents Perth had forced people to make them their choice to perform the process.
BBC governors will wait until October to ratify a decision to move 1,500 jobs to a site close to the Lowry Centre, but regeneration specialists at Knight Frank in Manchester are predicting a big rise in investor confidence and developer interest as well as a major boost to sales in the meantime. Levels of enquiries about apartments there have already risen dramatically since confirmation that Salford Quays was the BBC’s favoured option for creating a new ‘media zone’.
City Lofts Group is a respected name and has been at the forefront of the area’s regeneration. It launched City Lofts Salford Quays last summer, bringing an additional 203 one and two-bedroom apartments in two landmark towers on the quayside. In addition, Manchester-based Millennium Estates’ Erie Basin is due to launch at the Quays in March 2007 and it too looks certain to pick up on the BBC dividend. The scheme will consist of two towers housing 209 apartments overlooking the dock basin, with parking. It is due to be complete by the end of December 2007.
The land earmarked for re-development as the BBC’s new base is a 200-acre site currently owned by Peel Holdings. The Northwest Regional Development Agency has welcomed the plans, predicting that the BBC’s move to Salford would have a huge impact on the area’s economy