What's Happening?
Property consultancy Allsop has inaugurated a new office in Manchester, marking a strategic expansion in the region. This new office, located at 125 Deansgate, will support various teams within the company, including Allsop Letting and Management (ALM), which specializes in managing professionally managed properties. Over the past 18 months, ALM has secured several new instructions to manage institutional-grade single- and multi-family homes, establishing itself as a significant player in Manchester's maturing property sector. Liam Dowdell, a partner with expertise in residential valuations, will lead the Manchester office, aiming to enhance the firm's offerings across Northern England. Andrew Boyd, senior partner at Allsop, emphasized that the Manchester office is a logical step in their strategy to grow their regional business, given the existing client base and key staff already in the city.
Why It's Important?
The opening of Allsop's Manchester office is significant as it reflects the growing demand and opportunities in the property market in Northern England. By establishing a physical presence in Manchester, Allsop aims to capitalize on the city's robust residential and occupational markets, which are supported by a favorable political and planning environment. This move is expected to strengthen Allsop's regional business, allowing it to better serve clients and win new mandates from major investors in the rental living sector. The expansion also highlights Manchester's appeal as a hub for domestic and international investment, which could lead to further economic growth and development in the region.
What's Next?
With the new office, Allsop plans to continue building its partner-led offerings and expand its client base across Northern England. The firm is poised to leverage the improving market conditions to secure more mandates and enhance its service delivery. As the Manchester property market continues to grow, Allsop's on-the-ground presence will enable it to respond more effectively to client needs and emerging opportunities. The company is likely to focus on strengthening its residential, commercial, and advisory business lines in the city, working closely with its teams in Leeds and London to maximize regional growth.
