Prime Centrum Blog

A City in the process of transformation and regeneration that is unparalleled anywhere else in the UK with £1billion of direct investment

December 22, 2017

Published by: Izzet Olcusenler

True to our market leading values, we identify key strategic cities, sourcing exclusive properties in city centre locations that have the right fundamentals for investment. Our mission is to provide our clients with maximum yields and strong capital growth by sourcing high quality buy-to-let investments, with sustainable rental demand, imperatively, by doing so at the beginning of urban growth phases. This exact purpose is why we now want to focus our investors’ attention on the opportunity presented by the city of Hull.

Hull, a city in the process of transformation and regeneration that is unparalleled anywhere else in the UK, is undergoing a 10 year action plan to develop the city further with over £1billion of investment, attracting both government and private funding. Having been selected as part of a UK master plan to make it the renewable energy capital of the UK, the government has recognised the unique role that Hull is playing in strengthening the UK’s economic growth.

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Operating costs in Hull can be 20% lower than the UK average and the city has recently attracted investment from some of the world’s biggest, globally significant brands including BP, E-ON and Siemens; who have just invested £310million with Associated British Ports into their only UK wind turbine blade production facility, generating 10,000 jobs. Home to the UK’s largest port complex, the 4th busiest in Europe, generating over 47,000 jobs Hull’s economy is thriving, including its digital economy adding £254m annually, having been listed in the ‘UK’s Hottest Digital Centres’ by the Tech Nation 2017 survey.

“10 year action plan to develop the city further with over £1billion of investment”

Featured at the top of HSBC’s UK Buy-to-Let Hotspot list thanks to low average property prices and strong rental demand, Hull is currently experiencing a 70% undersupply of required housing stock set out by Hull City Council. The investment that Hull is seeing, coupled with the legacy of winning the global accolade ‘UK City of Culture 2017’ means confidence in the area and the city’s international profile is the highest it has ever been. Most importantly, and the reason we are presenting this information to our investors, the city is on the cusp on an explosive growth cycle and has all the fundamentals required to bring maximum returns and they can be the first to capitalise on this.

As we prepare to launch our first property development in the City of Hull next year, we have outlined above the key drivers behind the city’s growth.

 


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