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
“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.