And your property qualifications are what exactly?
Ignore the stadium aspect of the scheme - that's a vanity investment model founded on the premier league's wealth.
As for the rest of it? Apartments will be worth a fraction of those in the Albert Dock. They'll make a bit of money but not much.
Offices - zilch. They'd be worth less than the cost of the bricks.
Retail - goosed and city is already over-supplied.
Bars/restaurants - will it work beyond matchdays? Personally I think it's too far from the main drinking circuits.
As a fan the stadium will be great but calling it one of the country's biggest property projects is nonsensical.
I think you have to see the bigger picture in this mate.
In isolation, perhaps each of the above are underwhelming. I would point out though, a bunch of offices a short distance up the road have just been sold for millions of pounds but we can park that.
I spoke to a fella a few weeks back who'd bought a tenement block in Edinburgh when they are dilapidated and he's already made millions out of them. As gentrification hits that will sky rocket further. It's a similar thing. If they can build a space, were there is a hub of activity apartment prices will rise substantially. There were probably similar conversations happening with spaces like Canary wharf 20 years ago.
The overall project in that area is costed as being worth multi-billions already. If things work out this estimate will be scaled upwards as will the value of the assets bought.
I am not sure if you live in the city (I don't) but I brought friends to the city a while back and while the enjoyed a night out they were a little surprised the city centre is not bigger. It's about 2 miles north of the city centre, but there are already developments going up in and around, such as the 10 streets project? 2 miles is not that big a space, it may seem a lot currently, but with the inward investment that will come it soon seem far more connected.
In the original post I made though, you have to look at this not just in terms of a short term profit loss game. I suspect they are after influence and a more long term outlook in terms of money coming back in. It's why I suspect figures within the Russian and even Chinese state may have some interest in whats occurring.
If as I suspect may happen the space between the Echo arena and where out new ground is becomes heavily gentrified and attracts even greater number of tourists and companies to open offices (alongside potentially greater amount of trade passing through the docks post Brexit) it's a strategically viable project. Where you have influence you have a degree of power. This is what motivates states and individuals.