The University of Manchester
has started the tender process to find a development and investment partner to
deliver its planned new £1.5bn innovation district known as ID Manchester.
The development will be
centred on the university’s North Campus on the edge of Manchester city centre near Piccadilly
Station. It will comprise 240,000 sq m of new work space and 1.2 ha of new
public realm. It is being described as a ‘trailblazing neighbourhood that will
be an engine for economic growth with the potential to create over 6,000 new
Diana Hampson, Director of Estates at The University of Manchester said: “ID Manchester will be a unique new neighbourhood. Our vision draws on Manchester’s eco-system of ideas, discovery, research and development, and ID Manchester will provide the canvas on which all those strands can come together to take urban regeneration to a whole new level. ID Manchester will be where our most valuable discoveries today, are tried, tested and developed into the technology, buildings and commerce of tomorrow.”
Manchester has been undergoing a development boom over the last few years. However, ID Manchester is a particularly substantial scheme which has the added kudos of the involvement of the university. It is likely to exert a major impact on the Manchester market over the next decade or two.
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