Stockport is changing

Welcome to week 2 of the Blog Posts.

If you have been following the investment in Stockport in recent years, you will have noticed a wealth of cranes popping up alongside new build developments and mill conversions. Something that Stockport has long been crying out for.

With the re-development of Stockport Interchange, significant works are ongoing to improve the Bus & Train Station in Stockport. This particular project will bring about new green space for residents to enjoy and commercial units & office space under construction, allowing more businesses to move into the area. As part of this project at Stockport Interchange, there are also two high-rise apartment blocks under construction. Providing the opportunity for tenants to move out of the City Centre and into the suburbs of Stockport.

Some other notable developments in the area are the re-development of Weir Mill by Capital Centric, the old Sainsburys site in Stockport, Springmount Mill under construction in SK3, and a new development at St. Marys Gate on The Underbank.

Weir Mill will bring along a new community to the area, offering Stockport the chance to compete with what Ancoats and Northern Quarter have in Manchester City Centre. A high-end mill conversion with communal working spaces, commercial units, and event space will bring a different element to Stockport’s rental market. With more tenants flocking to the area, landlords want to be best positioned to take these in and secure their rental.

All of the above is a positive for landlords (and future landlords) of Stockport. The more the area is re-developed, with more green spaces, and more office space, bars and restaurants opening up, the more tenants will move into it. If you did not invest in 2022, don’t leave it too late in 2023 to capitalise on this changing market.

 

Many thanks,

Liam Foster – Lettings & Investment Manager – Stockport