04 Mar 2019 - Peter
York Central is one of the largest brownfield regeneration projects in England, with aspirations to transform a disused 178-acre site into a new neighborhood, with huge residential and commercial opportunities for property investors and landlords.
The current masterplan for the site includes:
The York Central Partnership predicts a 20% growth in the York economy as a result of the York Central project, adding over £1.16 billion in York’s GVA. Yet, we believe the benefits of the York Central project will also bring significant benefits to landlords and property owners across the whole of York.
York has one of the strongest knowledge-driven economies in the UK, with innovative companies in science and technology creating significant demand for commercial and residential space - which York city center is currently unable to meet.
As these businesses leave York to find suitable commercial space in neighboring cities, the number of suitable job opportunities for graduates decreases. The result? Thousands of talented graduates each year leave York to find suitable job opportunities elsewhere.
York Central will add significant Grade A office space to York city center, with world-class transport connections and internet connectivity, attracting innovative businesses in growing sectors, helping to retain graduates and attracting further professionals to the area.
With this increased commercial supply, we expect to see an increase in demand for rental accommodation. With this increase in demand, opportunities for landlords and property investors increases.
We believe property values across York will increase as a result of the York Central development:
We’re excited to see how York Central develops over the next 15 years - and how it benefits the city and landlords.
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