Newcastle’s tallest ever crane heralds new era for city’s property market

Newcastle’s tallest ever crane heralds new era for city’s property market

United Kingdom ,

 

  • 110m loughing crane believed to be largest ever used in Newcastle (High Street Residential)
  • Development will be visible from most approaches into the city
  • Hadrian’s Tower to be Newcastle’s tallest building (Surrenden Invest)

The installation of a 110m tall loughing crane over the August bank holiday weekend will mark a new era for Newcastle’s residential accommodation, according to leading property investment agency Surrenden Invest. The crane is being installed to enable the next phase in the erection of Hadrian’s Tower, a residential development that will become the city’s tallest building.

At 27-storeys tall, Hadrian’s Tower will be an exciting new addition to the Newcastle skyline. The apartment block is set to usher in a new style of chic, urban homes, with residents benefitting from a range of on-site amenities. These will include a 24/7 hotel-style concierge service, a café and touchdown meeting points. The crowning glory will be the stunning sky lounge, which will offer unsurpassed views across Newcastle.

“Hadrian’s Tower is an incredibly exciting development to bring to Newcastle, as it will mark the start of a new phase for the city’s property market. We’re seeking to raise expectations with accommodation of this standard and to inspire the future of residential accommodation in the city as a result. Using the tallest crane that the city has ever seen plays a big role in that, not just from the physical build perspective but also from the psychological point of marking the start of a new era.”

Jonathan Stephens, MD, Surrenden Invest

With an eight-tonne load capacity, the 110 metre loughing crane, which has a reach of 127 metres, will be used to lift everything from concrete slabs to plasterboard to cladding materials.

“This is a complex operation, due to the size of the crane. Even the mobile crane that is used to install it is enormous. Depending on the weather, we’ll be looking to have the Hadrian’s Tower crane in place by the end of Sunday 26 August. It will then remain on site for a year and the development will be visible from most entry points into the city during that time.

“We believe this will be the tallest crane that has ever been used in Newcastle. The angle of the loughing jib means that the whole structure will have a reach of 127 metres. I can’t see any reason why any of the city’s current buildings would have required a crane of this scale.”

Keith McDougall, Operations Director, High Street Residential Ltd

The crane’s installation marks an exciting stage in the building’s progression and is expected to generate considerable local interest. According to Surrenden Invest, it also signifies the city’s arrival on the global investment map.

“There’s no doubt that Newcastle has ‘arrived’ in terms of its investment credentials. We’re talking to a lot of investors who are keen to be part of the city’s future. There’s already plenty of regeneration work underway in Newcastle and some really exciting schemes, but nothing of this height. That’s why we’re so excited to be part of this step-change for the city’s property market.”

Jonathan Stephens, MD, Surrenden Invest

 

For more information, visit www.surrendeninvest.com or call 0203 3726 499

Why is it that prime property buyers just can’t get enough of Birmingham?

Why is it that prime property buyers just can’t get enough of Birmingham?

United Kingdom ,
  • Prime Birmingham residential values to hit £500 PSF by 2020 (Knight Frank)
  • West Midlands property prices rising at fastest rate in UK (Halifax)
  • Birmingham’s innovation and dynamism, along with HS2, capture attention of overseas investors (Surrenden Invest)

It wasn’t too long ago that those with a passion for property almost took pride in never looking further than the prime London property market. Now, however, it is Birmingham that has captured investors’ imaginations – and for more than purely financial reasons.

“Property investment is fundamentally about making money, but as the buy-to-let market has matured, we’ve seen a shift in investors’ outlook. There’s something compelling about owning a property in Birmingham and investors are keen to be part of the action. It’s a city with a real buzz about it, so while London stagnates, investors are seeking to be a part of the action in Birmingham.”

Jonathan Stephens, MD, Surrenden Invest

The UK’s second city certainly has the right credentials in terms of its numbers. The West Midlands housing market saw annual house price growth of 7% during Q2 2018, according to Halifax, meaning that prices there are rising significantly faster than anywhere else in the UK (the next highest house price increases were in Wales and Scotland, which both recorded growth of 3.7%). Within Birmingham itself, the pace of increase appears to be even faster, with Hometrack’s UK Cities House Price Index reporting a rise of 2.9% in the past year alone.

But price rises are only half of the story when it comes to Birmingham. The city also provides exceptional value in terms of its asking prices. The average Birmingham property costs just £161,100. That’s cheaper than the average for Manchester, Leicester, Leeds and a wide range of other regional cities. It’s also well below the UK average of £218,600, according to Hometrack’s figures.

The story so far as prime city centre property is concerned is even more compelling. In London, prime sales volumes have plummeted by 16.9% over the past year, according to the Q2 2018 Coutts London Prime Property Index, while prices have fallen by 1.7%. This is in stark contrast to Birmingham, where Knight Frank has projected that prime residential values will continue rising, hitting £500 per square foot by 2020.

“The numbers stack up so well in Birmingham that it’s easy to see why the city’s prime residential market has captured such attention both within the UK and overseas. A range of other factors come into play too. Birmingham is known for its striking, modern architecture and has an outstanding reputation as a shopping and leisure destination. Cultural pursuits and economic opportunities abound and the city has become a magnet for big businesses looking to relocate away from the expense and congestion of London.”

Jonathan Stephens, MD, Surrenden Invest

HSBC, Barclays, Deutsche Bank and HMRC are among those to have been drawn to Birmingham in recent years. Now, the city is also among the top three options for the location of Channel 4’s new headquarters. And still property prices remain well below the UK average.

HS2 has played an important role in elevating Birmingham in the eyes of investors in recent years. The high speed network has pushed forward a number of regeneration schemes within the city, with enhanced connectivity to London and Europe seen as a key driver for Birmingham’s rising reputation overseas. Regeneration work is widespread, with areas such as Digbeth and Smithfield benefitting particularly.

“One of the most notable things we’re seeing about the investment that is pouring into Birmingham is the focus on city centre living. Residences in the vicinity of iconic buildings, such as the Bullring or the Mailbox, are commanding attention from investors looking for premium properties in top locations.”

Jonathan Stephens, MD, Surrenden Invest

Interest in the city is so strong that leading property investment agency Surrenden Invest has been taken aback at the speed with which homes at its Westminster Works development are selling. Priced from £165,000, the properties provide investors with a 5% NET yield and plenty of scope for capital growth. The Surrenden Invest team is now poised to unveil a further Birmingham development, in close proximity to the Mailbox, although further details of this are currently being kept under wraps. One thing is for certain though – in this dynamic and fast-paced city, the next innovation is just around the corner.

 

For more information, visit www.surrendeninvest.com or call 0203 3726 499

Regional property markets race to catch the capital

Regional property markets race to catch the capital

United Kingdom ,
  • Property price gap between London and other cities to narrow over next 1-2 years (Hometrack)
  • Tax changes driving shift in regular market cycles (Surrenden Invest)
  • Edinburgh, Manchester and Birmingham enjoying annual price rises of 6.5% and above

 

The latest Hometrack UK Cities House Price Index projects a narrowing of the property price gap between London and the UK’s other cities over the next year or two. For investors, the choice is clear – regional cities are the place to be if they wish to profit from property. But are we at risk of completing the same cycle as we saw just over a decade ago, or has the market learned from its previous mistakes?

“While many factors mirror the housing market’s performance back in the early 2000s, there are some substantial differences that look set to bring about different outcomes from this state in the cycle. Tax changes are playing a key role in this, as are the rising quality and security standards of regional city developments.”

Jonathan Stephens, MD, Surrenden Invest

At present, house price inflation stands at 4.3% for the UK as a whole over the past year. For London, the figure drops to just 0.4% over the same period. Edinburgh has seen the highest increase in values, at 7.1% over the year to April 2018, closely followed by Manchester, at 7.0%.  Birmingham also fared far better than average, at 6.5%, as did Liverpool, at 5.9%.

The regional success stories stand in stark contrast to the price falls seen in 20 of London’s 33 local authorities. Developments such as Westminster Works in Birmingham are thus offering investors far more potential for capital growth, as well as healthy yields. Ideally positioned to benefit from the HS2 Curzon Street station scheme, as well as the redevelopment taking place as part of the Smithfield masterplan, the premium apartments are raising the bar for rental accommodation in Birmingham. The luxurious apartments come with a range of top facilities, including a concierge service, secure on-site parking and smart home, eco-friendly technology in every home.

The same trend of the regions racing to catch up with London’s prices occurred between 2002 and 2005, when London saw weak growth after a period of strong performance from 1996 to 2000. Regional markets had lagged behind, but began reporting strong performance from 2001 onwards, thus narrowing the price gap.

However, leading property investment agency Surrenden Invest is quick to point out that the current market has a number of significant differences to that of the early to mid 2000s. While the cycle appears similar, secondary cities may actually stand a more realistic chance of catching up to London’s prices than they did previously.

“People have been saying that London is too expensive since before Black Monday in 1987, yet over the last 30 years property prices there have grown enormously. Still, there comes a point when a market becomes too expensive to bounce back quickly, even when there are chronic underlying supply issues, as is the case with London. The city remains one of the world’s most significant and sophisticated property markets, but that doesn’t mean that it can’t suffer a sharp, swift price correction – or that it could quickly recover from such an occurrence.”

Jonathan Stephens, MD, Surrenden Invest

In previous property market cycles, the regions have narrowed the price gap between their cities and London, only for London’s prices to race ahead once more. This time, though, the quality, security and corporate governance of nationwide developers are far stronger than they were even ten years ago. Previously a concern for risk-averse buyers, these strong credentials – and the attractive yields on offer – mean that regional cities stand a good chance of catching up to London’s prices outside of the standard cycles that we’ve seen over the past 20 years.

Another contributing factor is the new Stamp Duty regime. Many of London’s properties are located in prime and super prime locations, costing upwards of £1 million. The sale of those properties has been significantly hampered by the higher tax rates, as well as the additional 3% charge on second homes. With regional properties available for significantly less money, the tax burden is reduced sufficiently to make regional property purchases more attractive than London ones in the eyes of many investors.

“Are we likely to see the regions catch up relative to London in terms of their property prices? Probably not, as London remains a uniquely appealing market. However, what we are likely to see is a sustained and significant narrowing of the price gap, as regional cities hold fast in the wake of London’s price correction.”

 Jonathan Stephens, MD, Surrenden Invest

 

For more information, visit www.surrendeninvest.com or call 0203 3726 499

Apartment prices rising faster than any other property type, new data reveals

Apartment prices rising faster than any other property type, new data reveals

United Kingdom ,
  • Average UK apartment price up by £1,251 per month over last 5 years (Halifax)
  • Regional cities such as Liverpool and Newcastle currently exciting investors (Surrenden Invest)
  • Strength of labour market continues to support house prices (Halifax)

Newly released data from Halifax has shown that the average UK apartment has increased in value by £1,251 per month over the past five years, rising by £75,074 over the period.

Although apartments make up just 15% of all home sales, their relevance to urban labour markets is increasingly important. This is borne out by the Halifax data, which shows an increase of 48% in apartment values between 2013 and 2018, compared with an increase of just 42% for terraced houses and 27% for detached homes.

“The sustained level of demand for apartments in regional city centres has shown solid credentials, even in the wake of the Brexit referendum. With dynamic local economies and solid labour markets, regional cities are an enticing prospect for those looking to make capital gains, whether as owner-occupiers or investors. In fact, the majority of investors we work with now come to us with a regional city firmly in mind – London has lost its shine as a residential investment prospect as the UK’s other cities are producing better returns.”

Jonathan Stephens, MD, Surrenden Invest

Liverpool is one city that has benefitted from this new breed of regionally focused property investors. Developments such as The Tannery, which offers bright, contemporary residences with beautifully presented interiors, are drawing in both domestic and international investors. Hadrian’s Tower, in Newcastle, is another such example. Its blend of exceptional apartments and innovative social spaces is precisely what investors are looking for.

Halifax’s latest House Price Index shows a monthly rise in home values of 1.5% during May, following a brief wobble in April. The lender flags up the labour market’s performance, along with low interest rates, as two of the reasons behind this.

“The continuing strength of the labour market is supporting house prices. In the three months to March the number of full-time employees increased by 202,000, the biggest rise in three years. We are also seeing pay growth edging up and consumer price inflation falling, and as a result the squeeze on real earnings has started to ease. With interest rates still very low we see mortgage affordability at very manageable levels providing a further underpinning to prices.”

Russell Galley, Managing Director, Halifax

With the UK population expected to pass 70 million by mid-2029, and urbanisation increasing steadily (from 80.2% in 2006 to 82.84% in 2016, according to Statista), demand for city centre apartments looks likely to remain strong over the years ahead. And with apartment prices increasing at a faster rate than any other kind of accommodation, they are sure to remain the property of choice for investors looking to make the most of their money.

 

For more information, visit www.surrendeninvest.com or call 0203 3726 499

Westminster Works – Latest housing jewel in Digbeth’s crown

Westminster Works – Latest housing jewel in Digbeth’s crown

United Kingdom ,
  • Westminster Works to provide 220 elegant apartments in strategic Digbeth location
  • Digbeth continuing to build reputation as the place to live, eat and work in Birmingham
  • Extensive regeneration plans to ensure that Birmingham benefits fully from HS2

 

Whichever way you look at it, Digbeth is the place to be in Birmingham.

Not a week goes by when there isn’t a rumour circulating as to the latest hip venue that’s about to pop up. The last month alone has brought the news that a vast new live music venue – The Mill – is to open in the heart of Digbeth, complete with mezzanine level and rooftop garden. Also planned is a giant late-night food and drink market, featuring three bars, four kitchens and regular DJ slots. Meanwhile, Digbeth Dining Club has gained such a reputation for its gourmet credentials that its touring neighbouring cities!

There’s also much more to Digbeth than leisure pursuits, exciting though the area’s cultural credentials may be. The £5 million STEAMhouse project has just launched to provide a co-working space that brings together businesses, artists and academics. Fostering economic growth and innovation are top of the agenda for the Digbeth High Street-based initiative.

 

“Digbeth has an incredible energy and sense of purpose about it. If you stand behind the Bullring and look out over the area, the potential is evident. Everywhere you look there are new projects being developed, from entertainment venues and cultural hubs to business premises and superb new residential buildings.”

Jonathan Stephens, MD, Surrenden Invest

 

One of the most exciting residential projects in Digbeth is the newly launched Westminster Works. Home to 220 elegant, loft-style apartments, complete with rooftop terrace, concierge service, secure on-site parking and smart home, eco-friendly technology in every home, the development plans to take Birmingham city living to the next level.

Bespoke David Phillips furniture packs complement the warehouse-inspired design of the building’s exterior, ensuring that Westminster Works has a contemporary, luxurious feel all of its own, while high end fixtures and fittings reinforce the superior standard of the accommodation.

Those investing in apartments such as the homes at Westminster Works, which are available from £168,000 through leading property investment agency Surrenden Invest, are also set to benefit from the extensive regeneration work that is transforming several areas of Birmingham city centre. The master-planned regeneration includes the multi-billion pound residential and retail Smithfield area, a £770 million redevelopment of New Street Station and the integration of Curzon Street Station in Digbeth into the city centre, to ensure that the whole of Birmingham reaps the benefits of the HS2 high speed rail network.

With so much on offer in a world-class urban setting, it’s no wonder that investments such as Westminster Works are so popular with investors from the UK and overseas alike.

 

For more information, visit www.surrendeninvest.com or call 0203 3726 499

Liverpool, European Capital of Culture: 2008 – 2018

Liverpool, European Capital of Culture: 2008 – 2018

United Kingdom

On 4th June 2003, Liverpool was announced as the European Capital of Culture for 2008.  The award represented an opportunity for urban regeneration, as well as a revival of the cultural, social and economic image of the city.

Liverpool saw enormous advantages from the win. Research programme, Impact 08, found that the city had seen 9.7 million visitors during its festival year of 2008, – an increase of a third – generating an extra £753.8m for the economy and the city’s transformation in the lead-up to the award year gave Liverpool a huge boost as regeneration led to a surge of people wanting to live in the city.

Having just chosen Liverpool as the location for its first non-London office, specialist end-to-end property investment company Surrenden Invest’s Sales Director and Liverpool resident, Joanne McCormack reflects on the impact of the flow of new residents:

“Hosting European Capital of Culture resulted in Liverpool’s population increasing from 435,500 in 2001 to nearer 600,000. Over the same period, 22 to 29-year-olds in the city centre increased fourfold, while the overall city centre population increase stood at 160%.
This new trend for living in the city centre has been increasing ever since and has led to a huge rise in demand for rental properties meaning developers are racing to keep up with regeneration and the supply of new homes.”
 

Some of the developments that have already changed the face of the city include the Ten Streets regeneration project, the new Liverpool One shopping centre, regeneration of the Albert Docks and Lime Street, and the Liverpool Waters and Anfield projects, all of which have created huge boosts to the local area.  Future town plans include expansion of the port of Liverpool for cruise liners, a potential new football stadium located in the docks and an all-new University hospital.

Research from academics at Liverpool University found that 85% of the city’s residents agreed that Liverpool is a better place to live in than before.  The city is now packed with attractions and during 2018 a year-long programme of culture, music and sporting events will mark the anniversary since the city hosted European Capital of Culture.

Ten years on from the win, Liverpool is now regularly noted as one of the world’s top places to visit and is a notable property investment hotspot in the UK.  The city has enjoyed sustained property price rises, with data from Zoopla showing an increase in home values of 5.52% over the past year and of 28.35% over the past five years.

Property investment experts Surrenden Invest which has just opened an office in the heart of the city, predicts that Liverpool will continue to go from strength to strength offering low price points and strong growth potential, making it an ideal option for investors.

“The city has a thriving, service-based economy, which was worth £29.5 billion in 2015 and is leading the UK’s Northern Powerhouse region in terms of its overall GVA growth and its growth of GVA per capita. A growing population, backed by strong economic credentials and a buoyant housing market make Liverpool an ideal environment for opportunity pushing it up on the list of UK cities to watch.”

Jonathan Stephens, Founder & MD, Surrenden Invest

One opportunity attracting a great deal of investor attention enjoys a prime position in Liverpool’s L3 postcode area to the north of the city centre.  The Tannery, exclusively available through Surrenden Invest, is just 1.1 miles from the 125-acre Ten Streets regeneration project, which is set to create some 2,500 jobs, as well as being close to the £150m Jennifer Project regeneration scheme with its flagship new Sainsbury’s superstore and extensive retail offering.  There are also plans for a new police headquarters to be built on nearby Scotland Road, bringing an additional 850 workers to the area 10 minutes walking distance from The Tannery.

This historic, once industrial part of town is rapidly becoming one of the most desirable and trendy investment locations in Liverpool, with The Tannery standing out as an iconic building on one of the most covetable roads in the city.

The building’s design draws from the site’s history as a tannery. Folded aluminium panels resemble the hanged leather that the site’s original building once housed, while horizontal breaks in the façade represent the leather press.

Facilities such as 24hr concierge, on-site gym, laundry facilities, a private gated courtyard, and underground secure parking are just some of the comforts which come as standard. Impressive views over the city centre complement modern interiors, designed to offer both comfort and contemporary appeal to urban residents.

Prices at The Tannery start from £85,000 with net rental yields estimated at 6.0%.

Surrenden Invest
London office: 0203 3726 499
Liverpool office: 0151 3477 459
www.surrendeninvest.com

Manchester Middlewood Locks welcomes new residents

Manchester Middlewood Locks welcomes new residents

United Kingdom
  • Manchester flagged as one of UKs best places to live with houses prices up by 4.3%
  • Salford’s Middlewood Locks regeneration area connects growing population with new homes and city centre living
  • Surrenden Invest launch superb new development Middlewood Plaza

Things are going well for the city of Manchester, in North West England. The Sunday Times flagged Manchester up as being one of the best places to live in the UK, citing its funky atmosphere, green space and excellent schools as offering the complete package.

Manchester’s strong talent pool (fed by its top tier universities), workforce catchment area, employer costs, employee quality of life and economic output all consistently contribute to it getting ranked high for working, living and visiting alike.

Your Move’s latest house price data shows a rise in house prices in the North West of England, despite falls in many other areas of the country. While house prices in London fell by 2.6% in the year to January 2018, they rose by 4.3% in Manchester.

For those considering a property purchase around Manchester, Salford should be at the top of their list of locations to consider.  Offering swish new places to live and work, Salford is undergoing a renaissance and a population boom.

After decades of being Manchester’s poor relative, Salford is on the up with a bold ambition to become a modern urban hub with a string of developments planned west of the Irwell covering the likes of Salford Quays, Greengate & Port Salford.

Salford’s most exciting regeneration zone is Middlewood, conveniently situated between Manchester city centre and central Salford.  The area is undergoing rapid transformation with 5000 homes, new commercial premises and the amenity zone of Middlewood Locks, which is being built around existing retail parks and set to become Salford’s most desirable residential location thanks to its routes in and out of the centre.  The £1 billion regeneration project encompasses a gym, hotel, bars, restaurants, nursery and medical centre, as well as residential accommodation.

April sees the launch of a superb new residential development in this area; – Middlewood Plaza. Exclusively available through Surrenden Invest, the new development is just ten minutes’ walk from Manchester city centre, providing residents with access to the amenities of both Manchester and Salford. Featuring impressive, split-height blocks of six and nine storeys, the development is home to 125 beautifully designed homes, complemented by an extensive roof terrace with views over the city.

Designed to meet the diverse housing needs of Manchester’s urban professionals, Middlewood Plaza offers a mix of apartments, townhouses and duplexes. Secure underground parking and cycle bays are available for residents’ use. In addition, the properties feature smart technology, including whole-house ventilation and sprinkler system protection. The homes are also all fully wheelchair accessible.

For investors, Middlewood Plaza presents an opportunity to be part of one of Manchester’s most exciting regeneration areas, packed with potential for capital growth.

Homes can be purchased with the optional convenience of tailored furniture packs and interior design solutions, courtesy of established furnishings specialist, David Phillips.

A mixture of 1, 2 & 3-bedroom apartments, townhouses and penthouses are available.

Prices start from £153,500 – £393,500 with projected net yields of 5% net.

For further information contact www.surrendeninvest.com email info@surrendeninvest.com or call 0203 3726 499.

Surrenden Invest begins exciting partnership with The High Street Group

Surrenden Invest begins exciting partnership with The High Street Group

United Kingdom

Established property investment agency, Surrenden Invest is delighted to have been chosen as the preferred sales and marketing partner of The High Street Group.

Recent collaborative projects include Hotel 52 Whitley Bay in Tyne & Wear, and Hadrian’s Tower in Newcastle.

Since their launch this year, both developments have seen exceptionally strong investor interest and unit sales. Sales of the rooms are progressing really well, with a third sold within the first two weeks.

Surrenden Invest is now gearing up to introduce the latest addition to this string of successful ventures, Middlewood Plaza in Manchester, which forms part of the wider regeneration scheme at Middlewood Locks.

In addition to this, a new site has just been secured at Westminster Works in central Birmingham with a view of launching this exciting project at the end of March 2018.

“The High Street Group is the ideal partner for Surrenden Invest and bring with them true professionalism, security and the ability to build a national portfolio of developments.  We are very much looking forward to the year ahead with many more planned projects already in the pipeline.”

Jonathan Stephens, Founder & MD, Surrenden Invest

 “We are delighted to confirm our partnership with Surrenden Invest, who have already proven many synergies between our two companies in terms of their dynamism and professionalism. They have the exact routes to market we were seeking in a long term relationship for selling our projects. Early sales on Hotel 52 has been impressive and we look forward to the success of their launch of Middlewood Plaza.”

Gary Forrest, Chairman, The High Street Group

————————ENDS———————–

 About The High Street Group

The High Street Group is one of the UK’s most successful privately-owned businesses and a leading financial and property group. We operate multiple companies in property development and construction, hospitality and leisure, offering expertise and opportunities across multiple sectors. The Group’s management team have decades of experience in the financial, development and construction industries.

Since its inception in 2006 by Chairman Gary Forrest, The High Street Group of Companies has successfully developed businesses covering Financial Claims and Business & Developer Finance. We are now focusing on the growth of our large-scale building and property portfolio and the long term opportunities and potential of this sector.

Delivered through our property development company All Saints Living we specialise in four fundamental development sectors: Private Rental Sector schemes, traditional development, rooftop extensions and hotels.

The High Street Group has expanded rapidly with unparalleled growth, now employing more than 100 people in the Head Office in Newcastle upon Tyne and across development sites in the UK. Reported profits for 2016 were £26 million. A combination of the Group’s financial strength, sector expertise and relationships create a strong position from which we can explore opportunities and create value across various sectors.

https://thehighstreetgroup.com/

About Surrenden Invest

Surrenden Invest is an established end-to-end property portfolio management consultancy. Surrenden Invest opens new markets to investors by sourcing exclusive developments in key UK locations including London, Birmingham, Manchester, Liverpool and Newcastle.

The expert team works closely with some of the largest developers and housebuilders in the UK to source opportunities to which clients would not ordinarily have access.

The Surrenden Invest team consists of hand-picked property and finance professionals, who work together to provide the services that their clients need. They are based in the company’s headquarters in London, as well as in regional offices in Liverpool and Manchester.

Surrenden Invest doesn’t believe in a ‘one size fits all approach’ but work hard to get under the skin of regional markets allowing them to deliver unique opportunities to their clients to better meet their investment needs.

https://www.surrendeninvest.com/

 

The sky’s the limit in Newcastle

The sky’s the limit in Newcastle

United Kingdom
  • Newly launched 26-storey luxury development Hadrian’s Tower is a game-changer for urban living in Newcastle
  • The city’s tallest building will showcase at MIPIM, Cannes in March 2018
  • Luxury apartments available through Surrenden Invest
Newcastle is the cultural and commercial capital of the North East; something which is evident from its ever-growing population of urban and professional residents.
The new generation of city dwellers are demanding more and more from their residences, aiming to seamlessly blend their working and social lives, as well as incorporate leisure activities from one convenient base.
In response to this demand, Surrenden Invest is proud to present the brand-new development, Hadrian’s Tower which showcases the very best in contemporary residential accommodation available today in Newcastle.
Designed and built by respected financial and property group The High Street Group, it is set to become the most sought after residential address in Newcastle.
Hadrian’s Tower will offer world-class living, of a standard not previously seen in the North East of England; that’s 26 storeys of prime, luxurious living right in the heart of the city, just off St. James’ Boulevard.

With such a superb location and quality build, Hadrian’s Tower shows that the sky’s the limit for residential accommodation in Newcastle!

The tower has been designed with residents’ every convenience in mind. The 165 one-and two-bedroom apartments are complemented by outstanding shared facilities and social areas. There is a launderette and a cafe with adjacent meeting spaces and a Sky Lounge offering a laid-back venue for rest, relaxation and entertaining with panoramic sights over the city centre.

Individual homes will be spacious, bright and airy, with twin-aspect views from almost all apartments.

The service offering is just as premium as the accommodation; with an on-site concierge, cleaning services, maintenance, resident support, Wi-Fi and high-speed broadband.

 

“Hadrian’s Tower offers a capital-city lifestyle in an outstanding Newcastle location, making it one of the most exciting living and investment propositions available in the UK this year.”
Jonathan Stephens, MD, Surrenden Invest
The structure, which is set to become Newcastle’s tallest building is to be showcased at one of the world’s largest property events, MIPIM in Cannes next month (March 2018). The 28th annual conference attracts the most influential players from all sectors of the international property industry.
“This is a fantastic opportunity for the North East, Newcastle, and our group to demonstrate the quality of property development projects taking place here and what attractive investment opportunities there are to be had.”
 
Gary Forrest, Chairman, The High Street Group
 
Hadrian’s Tower enjoys not only a premium city centre location but proximity to Newcastle’s Regeneration Zone, meaning that residents have direct access to the business and leisure facilities of this thriving city.
Chinatown, St James’ Park and the O2 Academy are just a short walk away, while The Gate entertainment complex, Intu Eldon Square shopping mall and the Theatre Royal are all easily reachable.
Central Station is just 10 minutes’ walk from Hadrian’s Tower, ensuring that residents can benefit from superb connectivity via a primary rail connection.

Regeneration work in Newcastle is adding to the city’s already-impressive residential, commercial and cultural offering and the region is recognised as the commercial and educational focus of North East England – along with Gateshead, which sits opposite it across the River Tyne.

Newcastle enjoys one of the fastest economic growth rates of any city in the UK.  In the five years to 2015, Newcastle’s total GVA grew by 18.5% – the third fastest rate in the UK and property values in the city have risen by 24.78% over the past five years.

Hadrian’s Tower offers an exceptional investment opportunity, with 5% interest on all exchange money throughout the 18-month build phase. Hadrian’s Tower provides 7% NET RG after five years, with completion scheduled for Q4 2019/Q1 2020.

This unique offering means that investors can benefit from a superb financial structure, as well as an outstanding development.

For more information and prices on application please contact:

 

Surrenden Invest
info@surrendeninvest.com
London office: 0203 3726 499
Liverpool office: 0151 3477 459
www.surrendeninvest.com
Liverpool holds firm in investors’ hearts – and wallets

Liverpool holds firm in investors’ hearts – and wallets

United Kingdom

Liverpool has been on the radar as a city for property investment for many years. So, what is the secret to the city’s lasting investment credentials?  Having just chosen Liverpool as the location for its first non-London office, specialist end-to-end property investment company Surrenden Invest, was keen to share its knowledge of the local market.

Sales Director Joanne McCormack reveals all…

Where is the Liverpool property investment market at today?
Liverpool has a buoyant market right now when it comes to residential investment opportunities. Government figures show that the city built an average of 713 homes per year between April 2009 and March 2016. However, the Home Builders Federation has estimated that the city needs to build 3,000 homes annually to keep up with demand. This has led to demand far outstripping supply, particularly considering the trend over the past decade for people to move into the city centre.
One consequence of this is rising rents. Rents rose by 4.4% across the North West in 2016. Home values have also been rising, with an increase of 22.7% across Liverpool over the past five years. Apartment prices have risen even more – by 25.2% over the same period.

What makes Liverpool an investment-grade destination?
Liverpool has an incredible amount going for it. As well as a thriving property investment market, the Liverpool City Region economy is performing well. It is leading the Northern Powerhouse area in terms of GVA growth per capita, as well as overall GVA growth. The city has a largely service-based economy, which was worth £29.5 billion in 2015. Added to that is the fact that Liverpool enjoyed a 56% growth rate for its fast-growing businesses between 2009 and 2015 – the highest rate in the UK.
The city is also investing a great deal in its future, with £900 million available to the city’s metro mayor over next 30 years. The SuperPort Action Plan alone, which covers the period from 2011 to 2020, will add £18.3 billion of additional GVA by 2030.

There has been talk of Liverpool becoming oversupplied with property, from your experience on the ground, do you feel this is the case?
Definitely not – we wouldn’t have opened an office here if that was the case!
Liverpool’s population increased from 435,500 in 2001 to 466,400 in 2011. Over the same period, 22 to 29-year-olds in the city centre increased fourfold, while the overall city centre population increase stood at 160%. This new trend for living in the city centre has led to a huge increase in demand for rental properties. Developers are racing to keep up, rather than creating an oversupply.

Which parts of the city are seeing greatest investor interest at present and why?
Investors are keen to be involved in several areas of central Liverpool. The waterfront Albert Dock area remains popular, while the Ten Streets area is one of the latest locations to capture investors’ interest. Ten Streets is particularly exciting as it’s undergoing a 15-20-year strategic overhaul that is focusing on building a new ‘creativity district.’ This will bring lasting, long-term benefits to Liverpool and investors are keen to be a part of that.

What is the typical property that buy-to-let investors are looking for?
There are a number of general characteristics that buy to let investors in Liverpool are seeking. Off-plan homes remain popular, though there is also a market for completed properties. Location-wise, the city centre and key regeneration areas are top of the list. Investors are also looking for a good blend of reasonable entry point in terms of price, but high end in terms of design and finish – there’s definitely a ‘Liverpool look’ that is winning investors over.

Liverpool has traditionally seen many overseas investors buying property in the city, is this trend still occurring today?
Yes, Liverpool remains popular with overseas investors. The Liverpool LEP is second in England for its foreign direct investment strategy according to fDi Magazine. It also ranks joint second in the list of top ten mid-sized European cities of the future 2016/17 and fourth out of all mid-sized European cities for its business friendliness. Combined with the city’s bustling property market and growing population, these factors mean that Liverpool remains popular with overseas investors.

Where are these overseas investors from and where and what are they buying?
We’re seeing significant interest from overseas buyers into Liverpool from Hong Kong and China together with the Middle East.  City Centre locations aside, typically for end users we are seeing the greatest interest from an investment standpoint around the Ten Streets regeneration area to the North and the Baltic Triangle area to the south of the City Centre

Tens of millions of pounds have been pumped into the regeneration of Liverpool. As a local resident, do you feel this has had an overall positive effect?
The money pouring into Liverpool has benefited residents. As well as infrastructure development projects, the city has benefited from enhanced cultural attractions and new business/leisure areas. These have not only created new jobs for residents, but also added to the city’s entertainment options.

How do you feel the Ten Streets regeneration project will benefit Liverpool?
The Ten Streets regeneration is a ambitious project covering 125 acres of former docklands. It’s going to benefit the city in several ways. The scheme is due to create around 2,500 job opportunities, which is obviously good news for residents. The aim to create a ‘creativity district’ will also give this part of the city its own distinctive character and create a legacy that will benefit future generations of Liverpool residents and workers through a diverse range of facilities. It’s a exciting project.

In terms of Liverpool’s economy, as part of the Northern Powerhouse, the city’s success is strategically important to the overall UK economy. Do you feel that the local economy has picked up?
As I mentioned earlier, the Liverpool City Region economy is at the forefront of the Northern Powerhouse area in terms of both GVA growth per capita and overall GVA growth. The economic pickup has been most clearly notable in terms of job growth.
Liverpool is reviving after years of decline with the city’s population growing as it gains a reputation as an economic magnet that can attract investors. Over the past decade some £5bn of investment has transformed the centre of Liverpool leading to excellent growth prospects as one of the UK’s best performing markets. The private sector is creating jobs at a faster rate than before the recession with big companies such as Deutsche Bank, Jaguar Land Rover & Unilever all moving large parts of their operation into the area

Do you feel that there are enough new jobs being created in the city?
In the five years to 2015, Liverpool reported the largest job growth in the UK, at 55% (alongside Manchester). Meanwhile, job vacancies in the city surged by 34.8% in Q1 2016, which meant that Liverpool had the strongest year-on-year job growth in the country. With schemes like the Ten Street regeneration and the SuperPort Action Plan adding thousands more jobs, there are plenty of new jobs being created here!

There has been much talk of late of people, especially young professionals, moving out from London to other parts of the UK. Why do you feel Liverpool is an attractive destination for migrants from London?
Liverpool offers a vast array of cultural attractions and leisure pursuits, as well as business opportunities. It does all this at a fraction of the cost of living in London, which is why so many people are trading life in the capital for a future in Liverpool. Liverpool’s fabulous night life and outstanding restaurant scene add to its superb arts scene and thriving property market. The affordability of property here – certainly when compared with London property prices and rents – is a huge draw.

What is your outlook on the Liverpool property market in 2018?
I’m excited about the future of the Liverpool property market, particularly as we move into 2018. JLL has projected house price rises of 2.5% per annum across the UK for the next five years and Liverpool tends to be ahead of the curve when it comes to increases in value, so the city’s housing market looks to have a very promising ahead!

For further details and property investment opportunities, visit www.surrendeninvest.com, email info@surrendeninvest.com or call 0203 3726 499.