Blog , News
Liverpool has made a bid to host the Commonwealth Games in 2022 – a plan which, if successful, could see the region receive an economic boost totalling an estimated £1bn. But if they’re going to cash in on the city’s new profile and financial success, building owners need to put their best foot forward sooner, rather than later. In our opinion, Liverpool property management could make all the difference.
Liverpool has announced its intentions to host the Commonwealth Games with Manchester in 2022. The sporting event, held every four years, offers the host city an opportunity to raise their profile to a global stage, and to showcase the very best they have to offer.
Recent research by Deloitte has indicated that Liverpool could be set to benefit greatly if the bid is accepted, with the £1bn economic boost spread out across various areas before, during and after the event. If preparations start in earnest, there’s a chance that everybody could find themselves a winner.
The economic benefit of hosting the Commonwealth Games is expected to start in the lead up to the games, and continue for at least five years afterwards as a ‘legacy’ impact on the city. The likes of construction and tourism are set to kick things off in preparation for the event, with tourism increasing alongside Liverpool’s international standing.
Further areas, such as hospitality, retail, travel, exports and foreign investment are also all set to enjoy a kickback from the Commonwealth Games, and all work to bring Liverpool closer to its goal of global domination. Having already been named European Capital of Culture back in 2008, and giving us a whole host of colourful icons, Liverpool has already become accustomed to an international spotlight, and the games are an opportunity to help the city to stay there, even as Brexit approaches.
There’s also a clear opportunity for commercial property owners to benefit from hosting the Commonwealth Games. With additional investment – both domestic and foreign – and new business entering the city, they have a chance to provide additional resources to organisations and individuals alike. The catch? In order to make the most of the situation, they’ll have to be able to compete with what’s on offer around the Commonwealth. That’s where a Liverpool property management company comes in.
Accept Nothing Less Than Gold
Offering commercial property which can stand its ground on the world stage requires a set of skills and experience which some owners aren’t able to provide themselves – managing a commercial property is, naturally, a whole job on its own. That’s why the best solution is to engage with a Liverpool property management company, such as Crowd UK.
Not only does a property management company in Liverpool come with the experience of understanding the city, but the likes of Crowd UK are also highly experienced in delivering the level of quality tenants expect and deserve.
In this case, they’ll be expecting what every other global city can offer them: properties which are secure, clean and well-maintained. Meanwhile, great relationships can be cultivated with tenants, ensuring their loyalty continues even after the Commonwealth Games have moved on and that building owners receive rent on time.
And if Liverpool loses the hosting bid? Well, with the right property management company by your side, you’ll still be in a position to win some glory and gold, and benefit from the attention currently being lavished on Liverpool.
We’ve got our fingers tightly crossed for Liverpool and Manchester to win the bid, and will be keeping a close eye on proceedings as we approach the decision date. In the meantime, make sure you’re prepared for either eventuality with a property management company that can turn you and your property into winners no matter what!
Crowd UK is a property management company that works across the UK. We provide building owners with financial and operational success, nurturing tenant relationships and ensuring that everybody is happy. To find out more, feel free to explore our website, or get in touch with us directly – we’re happy to help!