Over the years, Preston has transformed itself into becoming the UK’s most improved city. Rivalling the huge cities such as Manchester and Liverpool, Preston is becoming a powerful city in its own right, making it a prime location for property development and investment.
Preston is a fantastic city to work in within the North West, and with further advancements underway, the rise is set to continue.
Preston Markets Transformation
Preston Markets is currently under construction with £50 million used to transform the city. This will see seven restaurants, a brand new 11 screen cinema and a multi-storey car park brought to the exciting city centre. With the market itself revamped, this addition will have a hugely positive effect for both locals and tourists.
More improvements are set to come to Preston’s Guild Hall. Recently, Level, the new multi-floor attraction was introduced, boasting a bowling alley, crazy golf, an assault course and a restaurant, offering entertainment to the city.
The 780-seat Guild Hall hosts concerts, shows and major sporting events, such as snooker, has received a £10 million investment to further improve the huge property, offering an exciting future for Preston.
Preston was the first location picked to continue the phenomenal hospitality experience the famous Shankly Hotel provides. Costing £15 million, the stunning new hotel located in Preston City Centre will provide a luxury experience for up to 350 guests.
The 65 room hotel will feature a first-class restaurant for fine dining, a high-class bar and even a luxurious spa! It is already filling up with bookings and weddings as far ahead as 2023!
The Next Investment Hotspot
A staggering £434 million of new investments will continue to lead the expansion and improvement of the transport infrastructure in Preston and South Ribble; enabling 20,000 new jobs and 17,420 new homes to be created. This huge boost is expected to help the economy grow by £1 billion over the next 10 years.
With these great improvements coming to Preston more investors are spotting opportunities in the city.
If you’re looking for a property to buy, sell or let Preston, Click Estate Agents can help. With our vast experience in the ever-changing property market, we can help find the right property for you. To find out more about our services, get in touch with us today.