Manchester's position as a leading European business city reinforced - MIDAS

Manchester's position as a leading European business city reinforced

23 October, 2008 – Manchester's position as a leading European business city reinforced

A report published last week by real estate specialists Cushman & Wakefield has seen Manchester climb even further up the list of leading European business locations from 18th to 14th, placing it above every UK city outside London and moving above Dublin.

The research, based on responses from senior executives from 500 top European companies, indicates that Manchester is increasingly being recognised as a city region in which to establish and grow a successful global business.

Manchester, ranked 2nd in Europe for availability of office space, continues to demonstrate the breadth of its property offer, and listed as the 10th best city in terms of value for money office space, is able to provide a genuine cost-effective & sustainable alternative to some of the more overheated markets.

The city region’s connectivity – and the ease of access to markets this affords – has always been a key driver for inward investors. Manchester’s commitment to continually developing routes in, out of and around the city region has seen it feature in the top 10 European cities for both internal and external transport links in this year’s report, supported by a significant rise in rankings in terms of ease of access to markets.

The release of the European report follows the publication of Cushman & Wakefield’s UK Cities Monitor in September in which Manchester was listed as the best UK city outside London for international and internal transport links.

Manchester’s strengths at a European level served to further reinforce the findings of the UK report in which Manchester was ranked best UK city for a new headquarters and best UK city for a new back office function, for the second year running.

Now recognised in this index as the top UK city doing the most to improve itself, it can be expected that the Manchester City Region won’t rest until it is firmly positioned in Europe’s top ten business locations.

Tony Bray, Head of Cushman & Wakefield in Manchester, commented “We are very pleased that Manchester has further strengthened its position as the UK’s second city and has continued to boost its profile on the national and international stage.
In the current market it is imperative for cities to distinguish themselves and Manchester’s ability to respond to key business relocation decisions is demonstrated by its status within the business community. 
Manchester is aiming to complement rather than compete with London and will continue to attract UK and international corporates.  Whilst the city region should not rest on its laurels it is as well placed as possible to perform through the economic uncertainty which we now face.”

Colin Sinclair, Chief Executive of MIDAS, Manchester City Region’s investment and development agency, said “the European and UK Cities Monitors are highly respected indices and we are pleased with our progress, but we won’t rest on our laurels just yet. There is a lot to do and we know how tough the market will be in the coming year.”

Source: MIDAS

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