The University of Manchester has announced Bruntwood SciTech, the UK’s leading property provider dedicated to the growth of the science and technology sector, as its preferred bidder to deliver the £1.5 billion innovation district – ID Manchester.
The University and Bruntwood SciTech, a 50:50 joint venture between Bruntwood and Legal & General, will now form a new partnership 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 £28 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.
It is expected the joint venture agreement will be signed by the autumn.
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