The University of Manchester has announced Bruntwood SciTech, the UK's property provider, as a preferred bidder to deliver the GBP1.5 billion (USD2.12 billion) innovation district-ID Manchester PPP project.
The internationally significant project will cement the UK’s position in the science and technology sector; providing vital specialist infrastructure to power the growth of the knowledge economy and unlock the potential to commercialise R&D innovation, supporting the UK to build back better and level up.
The University and Bruntwood SciTech, a 50:50 joint venture between Bruntwood and Legal & General, will now form a new joint venture to enhance, develop and deliver the vision to establish ID Manchester as a new innovation district, home to a global community that will play a vital role in the future of the UK science and technology sector, with the potential to create over 10,000 new jobs in the next 10-15 years.
Place design and placemaking will be central to the development of ID Manchester, which when complete will provide over four million square feet (370,000 square metres) including 2.6 million square feet (240,000 square metres) of new commercial workspace and a GBP28 million (USD39.63 million) investment in the public realm that will provide a focal point for a vibrant events programme.
The area benefits from existing green space and the unique feature of the 650,000 square feet (60,000 square metres) Grade II-listed Sackville Street Building.
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