- Warrington highlighted as one of ten future potential growth centres for office space
- Birchwood awarded “Enterprise Zone” status as part of new Cheshire Science Corridor
- The Base – Warrington’s £8.5 million business incubator – completed by Warrington & Co.
- Start on site of construction of 1st Phase of £107 million Time Square regeneration project and Cineworld announced as anchor tenant for the scheme
- Sale of 37,160 sq. m. Winwick Quay Business to LaSalle Investment Managers marks largest investment deal of 2015
Last week Warrington & Co. published its eighteenth annual property review. The review reports on market activity for the previous year and gives an ideal overview of how the commercial and residential property markets are performing in the area. Once again, this year’s report reflects a continued confidence both in the local area and the wider region.
Warrington’s status as the perfect location for new business start-ups has been recognised by a number of independent studies, with the town having been ranked in the top 10 locations for this. This solidifies the town’s status as an important regional hub for both business and continued investment. Warrington is recognised as a successful location for a number of reasons, including its level of employment and of private sector job creation.
Furthermore, The Centre for Cities annual report for 2016 named the town as one of only 14 UK cities classed as “high wage and low welfare”, the only city in the North of England to be included.
The serviced office sector continued to perform strongly in 2015, with Warrington’s office market showing significant growth in the start-up sector. This was reflected in the demand from smaller sized office, which is ideal to fit the needs of these businesses, whilst also allowing them the opportunity to grow within the town’s high quality business centre offerings.
JLL’s “The Geography for Office Demand – Where Next in the UK” 2015 report identified Warrington as one of the ten future potential growth centre for office space, predicting that the area will see high employment growth over the next five years, in part due to the strength of the nuclear cluster within the area.
Sallie Maskrey, Director, Portal Business Centres, commented, “The Warrington Annual Property Review is an excellent indicator of how the region is performing and as a rule we see that reflected in how our business is performing. Start-ups and small business continue to be drawn to Warrington due to the wide choice of properties available here, and the amount of investment that is going into the area, both locally and regionally.”
*The Warrington Annual Property Review is commissioned by Warrington & Co., Warrington’s partnership for driving growth.
Generous sponsors of the 2015 report are AECOM, Muse Developments, Orbit Developments, EWI, Wire Regeneration and Turner & Townsend. The information was compiled by the BE Group.*
The full report can be read here.