INVEST IN SHEFFIELD
WHY INVEST IN SHEFFIELD?
Commanding a centrally located position within the country, the Sheffield City Region has everything needed to attract serious business investment now and into the future. The region boasts excellent transport links, a high number of graduates resulting in a highly-skilled workforce and a history of world-renowned innovation. With more than two million people within an hour’s commute of the city, business and industry has access to a large, skilled workforce. With a significant presence in sectors as diverse as finance, logistics, digital, manufacturing, engineering and low carbon industries, Sheffield has a modern economy which puts it on the map and drives investment from around the world. Named after the River Sheaf which runs through the city, Sheffield is a city and metropolitan borough in South Yorkshire. The city has grown from its largely industrial roots to encompass a wider economic base.
Sheffield is the home to several hi-tech companies resulting in consistent demand from tenants looking for high-quality long term housing.
The International aerospace giant Boeing opened its first manufacturing site in Europe in 2018 choosing Sheffield as the location for this £40 million facility. The 6,200 square metre factory employs more than 50 staff and uses locally sourced materials.
- McLaren Automotive
In 2018 McLaren Automotive opened a £50 million composite technology centre at the University of Sheffield’s Advanced Manufacturing Research Centre helping to place Sheffield City Region at the forefront of global automotive technology. More than 200 jobs are being created and it is estimated that the centre will provide at least £100 million for the local economy by 2028.
- Heart of the City II
Heart of the City II is delivering Sheffield city centre a commercial, leisure, retail and residential focal point. Building on the success of the original Heart of the City project, the current 1.5 million square foot development will transform this area of the city centre into a dynamic mixed-use district that will help attract more jobs and investment and ultimately make Sheffield an even more rewarding place to live and work. The project is expected to create around 500 construction jobs and the scheme should support between 5,500 and 7,000 jobs once completed.
- New Era Square
New Era Square is a regeneration development project in the city centre funded by inbound Chinese investment and conceived by a UK-Chinese businessman, Jerry Cheung. The development has been dubbed ‘Sheffield’s Chinatown’ and ‘Sheffield’s very own version of New York’s Times Square’ by the local media and has attracted the attention of the National press.
Phase one of the scheme included retail and office space, student accommodation and 2000 square metres of public space with phase two including further student accommodation, retail units, restaurants and a medical centre. The project has created close links with China allowing Sheffield to become a gateway for Chinese businesses looking to invest in the area.
With the continuing growth of high quality industries and an impressive higher education sector, it is not surprising that the population of Sheffield is predicted to grow up to 15% by 2035. The combination of many graduates remaining in the city each year on top of the large number of young people migrating to the city from elsewhere in the UK annually has created a city which feels alive and exciting. Sheﬃeld is a city that has embraced its creativity, cultural heritage, and world-class universities to drive it towards exponential growth.
Meadowhall shopping venue covers 1.4 million square foot of floor space and comprises 290 stores from top independent and international brands, 50 places to eat and drink, and an 11 screen cinema, attracting over 30 million visitors per year. It has also led to the creation of over 1000 jobs and a spike in the local housing demand. Meadowhall has a public transport interchange making it the only shopping centre in the UK that combines a bus, rail and tram interchange allowing the centre to be accessible to both the local region and the rest of the country.
NOW IS THE TIME TO INVEST IN SHEFFIELD
There has never been a better time to invest in Sheffield. Sheﬃeld is a city that has embraced its creativity, cultural heritage, and world-class universities to drive it towards exponential growth.
Major investors are moving in and real estate investment is at an all-time high. According to online property portal Zoopla, house prices in Sheffield have increased by almost 30% in the last 10 years. The average private rent price has shown an increase in over 4% and continues to rise, and the average house price continues to grow by nearly 2% year on year.
HOW DO I INVEST?
This is where we can help you! Located in the heart of Sheffield, Horizon Lets has a wealth of knowledge, love and pride for our beautiful city. We bring a fresh approach to property management and lettings, specialising in all aspects of landlord services. Whether you are looking to invest in the area, have a property to rent or are just after some general advice we are here to help at all times. Don’t hesitate to give us a call.
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