Manchesters’ large town Wigan is currently undergoing an astonishing £130m town centre Development with new images released on what civilians can expect.
The £130m development plans aim to revitalise the area and completely modernising it, giving it a breathe of vitality and life from what once was harboured by the Galleries shopping centre – A shopping complex divided into three sections formed with three formally independent schemes. Wigan council had purchased the 3 independent schemes; The Galeries Shopping Centre, Marketgate Shopping Centre and The Makinson Arcade back in 2018 for £8m.
In correlation to market trends, the local authority seek to repurpose the site with the onset of many high street retailers closing and people shifting towards an e-commerce based society.
This £130m regeneration plan will completely transform the town of Wigan and benefit the wider borough within the next 5 years. Proposals for the plan include a hotel, a six-screen cinema, music and e-sports venues, a 10-lane bowling alley, a mini-golf centre, evening entertainment centres and a plethora of restaurants and bars. The site, encompassing 440,000 sq ft plans to build 464 new homes, with the addition of a new market hall, small office spaces, co-working spaces and a re-animated Makinson Arcade.
Further plans encompass a landscaped public square with 460 car parking spaces, creating a wealth of jobs and opportunities for the general public helping to boost the overall economy of the borough. The local council has confirmed that they will be providing a plethora of job opportunities for local workers, youth apprenticeships, construction jobs and local suppliers as an addition to the project. An expected 475 construction jobs are set to be created with an additional 190 job opportunities created upon completion of the redevelopment.
This 5 year regeneration project has a total estimated cost of around £130m cultivated from a mixture of private sector investments, grants and council funds. The local authority hopes this project will help increase footfall whilst providing a better experience of the town for residents, visitors and businesses. The council also hopes this plan will drive economic growth, benefitting the entire borough.
This project is set to improve the overall economy of Manchester and is said to contribute to Manchesters’ increasing rental market prices, overall increasing profit margins for buy-to-let investors and landlords. For a chance to find out how you can benefit from investing in Manchesters’ rental and investment properties and claim your free consultation with one of our highly experienced property sales consultants, please follow the link https://calendly.com/rknight1