£1.5bn ID Manchester Partner Wanted

The University of Manchester has begun its search for a development partner for its proposed £1.5bn ID Manchester development by presenting the scheme at MIPIM in Cannes.

ID Manchester will replace the university’s existing North Campus with 3.5m sq ft of mixed-use space designed to attract technology and science-related businesses, plus residential and cultural space and public realm. It is anticipated a development partner will be appointed in 2021 and the scheme will take 10-15 years to complete.

Diana Hampson, Director of Estates and Facilities of The University of Manchester, comments: “We are looking to create a dynamic, vibrant community with innovation and collaboration at its heart. It will be a mixed use development, so we’d hope to see new work space, homes, leisure and cultural operations and a high quality public realm.

“We are looking to appoint an investment and a development partner. They may very well be the same organisation or join together as a joint tender, or we may choose two separate organisations and bring them together.”

Manchester has seen extensive development in recent years. However, this scheme in a location close to Manchester city centre and in partnership with a university that is globally pre-eminent in research, presents a major opportunity for a partner and is likely to be a game-changer for the city’s commercial market.

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Source University of Manchester
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