Bishopgate Gardens A new way of living in the heart of Preston Welcome to The Heaton Group Founded in Manchester, The Heaton Group creates unique property investment opportuniti es for serious property investors. Starti ng out four generati ons ago procuring property, land and development projects, The Heaton Group has over 50 years of experience, off ering a personal approach to the property investment lifecycle by focusing on quality, effi ciency and rental yield. We pride ourselves in developing high quality opportuniti es in half of the ti me of the average UK property developer. This is only possible thanks to our development team, our dedicated in house planning team and our strong partnerships within the local community which gives us the capacity to bring to market up to 18 projects every 8 weeks. Last year alone, The Heaton Group developed and delivered over 230 build-to-rent properti es in and around the Greater Manchester area. We are proud to be a big part of the evoluti on of Preston going forward. As a major part of the Northern regenerati on scheme, Preston is being viewed as a beacon to other developing areas in the UK of how to regenerate correctly; providing a bett er lifestyle to residents both new and existi ng. “ We know affordable properties in key commuter locations across the North West are in demand; that’s why we carefully select buildings in city centres close to transport links and fi nish them to an exceptional standard, ensuring appeal to both the rental and owner occupier markets.” John Heaton, 2019 2 THE HEATON GROUP | BISHOPGATE GARDENS, PRESTON THE HEATON GROUP | BISHOPGATE GARDENS, PRESTON 3 Introduction: Preston: Investment into Preston What you need to know Recommendati ons made as early Preston is on the up, supported by a bold Masterplan from the council as 2011 resulted in Preston City and private investment. Take a look over some key facts about this City Council and Lancashire County on the cusp of change. Council working together to boost the infrastructure, economic growth Preston Overview and ease transport congesti on in order to become more business friendly. To date there has been investment into the area of over £434 million covering Preston and Locati on: Populati on: Economy: Employment: Tourism: South Ribble, with future forecasts predicti ng Lancashire 141,818 £7.4 Billion 83% £330.7 Million a further 20,000 new jobs and over 20,000 new homes. This will provide a huge boost to the local economy which is expected to grow by over £1billion in the next 10 years The Figures “Private investment in Preston continues to grow as the cities £260 £125 £200 £25 £207 council continues to deliver on Million Million Million Million Million exciting investment plans” Investment from Local regenerati on Invested in In new In new Chris Holland, Director of Sales councils projects Universiti es business transport links Investment into Preston is largely covered by four Masterplans. Recently released by Key Industries Preston City council, they clearly demonstrate the vision for the future of the city. Defence Manufacturing Educati on Energy Logisti cs 6 THE HEATON GROUP | BISHOPGATE GARDENS, PRESTON THE HEATON GROUP | BISHOPGATE GARDENS, PRESTON 7 Investment into Preston & around Bishopgate Gardens F HS2 coming 2026 B C A D E A Bishopgate Gardens D Bus Stati on Sq. Bus Stati on B New Cinema and restaurant complex E Winckley Square Train Stati on C Market Halls F UCLAN (University of Central Lancashire) 8 THE HEATON GROUP | BISHOPGATE GARDENS, PRESTON THE HEATON GROUP | BISHOPGATE GARDENS, PRESTON 9 B Cinema & Restaurant C Market Halls Complex This City Centre Restaurant and cinema complex will off er a “step change” Preston’s new Market Halls are a £5 million renovati on of the historic in Preston’s leisure off ering. Located adjacent to Bishopgate Gardens and outdoor canopy and fi sh market incorporati ng a new glazed indoor additi on. by the newly renovated Market Halls scheme, it will make this formally Providing the locals and tourists with fresh, local quieter part of town a buzzing desti nati on. meats, fi sh, vegetables and dairy – it is exactly what you would expect from quality locally sourced According to Preston City Council, the scheme has produce. With a number of stalls to choose from, been designed to enable the restaurants to spill you’re guaranteed a warm welcome. out on to a lively new square abutti ng the new There is also a “box market” which is an innovati on market hall and from which the cinema will also be to the area. Taking inspirati on from markets based in accessed. The cinema frontage has been designed London, these shops are located within refurbished to arti culate and enliven the primary elevati on shipping containers. These stalls sell real ales, overlooking the markets. The restaurant facades accessories, watches and pet supplies. There are will be highly transparent with seati ng zones facing also a number of specialist coff ee shops around the the square. A brand new secure, 250 space, multi market such as Brew & Bake. - storey replacement car park will be provided at basement level with direct vehicular access from Ringway. Public realm improvements also form part of the scheme. Demoliti on of the existi ng site has already began and works are underway on the complex. 10 THE HEATON GROUP | BISHOPGATE GARDENS, PRESTON THE HEATON GROUP | BISHOPGATE GARDENS, PRESTON 11 D Bus Station Square E Winckley Square Townscape Building on the fabulous regenerati on of the Bus Stati on, the creati on of a Over a million pounds of heritage large public square will add to the draw of this area of Preston. regenerati on project funding for A green spine will provide a strong line to the The design responds to grid lines and natural Winckley Square was secured western edge of bus stati on square with the tall movement of pedestrians. The main north from Heritage Lott ery Funding, slender tree stems mirroring the verti cal beams and south spine follows the bus stati on elevati on façade elements within the city’s bus stati on connecti ng all of the entrances and Coach Stati on allowing the council to restore Perpendicular paths provide direct access to this handsome square to its Old Vicarage, Crooked Lane/Lord Street across the green space and also through the popular former glory. St.John’s Shopping Centre which links to Preston The scheme reinstates original external features Markets and the soon to be developed cinema and to period buildings and restores historic character, restaurant complex whilst designing internal space for latest 21st The Square also has the potenti al to host small and century commercial acti vity. large scale events and acti viti es The scheme also supports ways of adapti ng property for new use including business, commercial, retail, restaurants and bars. As part of the Townscape Heritage Initi ati ve (THI) to refurbish key buildings around Winckley Square and nearby streets, Preston City Council secured funding from the Heritage Lott ery Fund (HLF). Glovers Court and Cannon Street to be reinstated to former glory. 12 THE HEATON GROUP | BISHOPGATE GARDENS, PRESTON THE HEATON GROUP | BISHOPGATE GARDENS, PRESTON 13 UCLAN Masterplan Serving Generation Rent The rental market is forecast to grow by over one million households over the next fi ve years. Low interest rates combined with steady economic recovery are leading to a strong expansion of the rental market, and with house price infl ati on now surpassing income growth, the fi rst step onto the property ladder is getti ng harder for young professionals. The demand from Generati on Rent for “According to the Nationwide Building accommodati on conti nues to grow, underlining Society’s House Price Index in 2019, the long-term trend which predates the fi nancial crisis from 2007. London’s house prices have dropped one percent year-over-year. Manchester, on the The Private Rented Sector, and build-to-rent property in parti cular, are fi lling this gap by off ering other hand, has seen growth since 2015, smarter homes and bett er soluti ons for those in with prices rising over seven percent need of a home. Today’s millennials don’t want to year-over-year” live in rental accommodati on that makes them feel Hometrack like it’s a short-term soluti on. Most of them are (A U.K.-based residenti al property market renti ng out of choice, and they want to get the analyti cs fi rm) most out of the perks that come with it. No hassle, no strings and easy to do. UCLAN is the University of Central Lancashire. Its the 5th biggest Higher Educati on employer in the North West with 35% of staff living in Preston. Ranked amongst the top 3.3% of Universiti es world wide, it’s a huge draw for the city. The UCLAN masterplan covers • Developing a skilled workforce, which meets • A core principle of the plan is to integrate local, nati onal and internati onal needs, is also a the university’s campus seamlessly with the central pillar to the UCLan’s development plans. rest of the city, benefi tti ng current and future Over the fi ve-year lifespan of the project, it is generati ons of students, staff , visitors and the anti cipated investi ng £200 million, helping to wider Preston community create jobs, kick-start regenerati on and att ract • Adding a new Student Centre inward investment into Preston. • Opening a £30+ million Engineering innovati on centre 14 THE HEATON GROUP | BISHOPGATE GARDENS, PRESTON THE HEATON GROUP | BISHOPGATE GARDENS, PRESTON 15 Prestion: Lifestyle in the City In 2018 Preston was “the most improved city” in PWC”s Sports “Good Growth for Citi es” report.