International e-commerce giant Booking.com have announced it will be investing £100m into new a north-west base as it looks to make Manchester its global transport hub.
The travel company has taken out a lease on a 222,000 square foot campus at the Manchester Goods Yards. The construction of the new building is due to be completed by 2020 and will result in the creation of up to 900 new jobs.
Manchester is the UK’s second largest economy and Booking.com join the likes of e-commerce giant Amazon and other FTSE 100 organisations in creating a more significant presence in the ‘capital of the north’ as global investment into the city continues.
The surge of recent investments into the city has had direct impact on the Manchester property market. As more jobs are created and the population continues to rise at a rate of 3 times faster than the national average the demand for city centre property has never been greater.
The news comes as Manchester is named as the best UK city to be a landlord, boasting the countries highest average rental yields at fastest rental market growth rate at 5.73% in the last year.