Manchester has tbeen named City of the Year in the inaugural Estates Gazette/MIPIM UK Awards for its success in delivering major regeneration projects and attracting international investment.

The award, which was presented at the UK version of the international property and development showcase MIPIM in London on Thursday 16 October, highlights Manchester’s thriving development scene.

Damian Wild, editor of Estates Gazette, said: “Manchester was recognised for its success in attracting international investors, its pragmatism in delivering capital projects and its vibrant occupier market. Under the leadership of Sir Howard Bernstein and Sir Richard Leese it sets the standards by which all UK cities are judged.”

Examples of international investment include the key role which the Beijing Construction Engineering Group is playing in the £800m Airport City project and the city’s constructive relationship with Abu Dhabi United Group, the privately-owned investment company which also owns Manchester City FC, which has this year seen the announcement of Manchester LIfe, a major new regeneration partnership.

Sir Richard Leese, leader of Manchester City Council, said: “Manchester has always been an ambitious, can-do city, and we are grateful that this approach has been recognised by experts within the commercial property industry. While many investors are beginning to find themselves being priced out of London they are looking elsewhere and Manchester has established itself as an attractive option.

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