The University and Bruntwood SciTech, a 50:50 joint venture between Bruntwood and Legal and General, have completed legal documentation to see them work in partnership to enhance, develop and deliver the ambitious innovation district.
Bruntwood SciTech, the UK’s leading property provider dedicated to the growth of the science and technology sector, was announced by the University as the preferred bidder last summer.
ID Manchester will provide vital specialist infrastructure to power the growth of the knowledge economy and unlock the commercialisation of R&D innovation, with the potential to create more than 10,000 jobs over the next 10-15 years.
When complete, ID Manchester will provide more than 4m sq ft of space, including 2.6m sq ft of new commercial workspace, 1,350 apartments, two hotels, and a £28m investment in the public realm that will provide a focal point for a vibrant events programme.
Diana Hampson, Director of Estates and Facilities at The University of Manchester and Chris Oglesby, Executive Chair of Bruntwood SciTech said that over the next few months the partners would develop the masterplan for the site.
ID Manchester is located to the south of the city centre adjacent to Piccadilly Railway Station, The University of Manchester campus, and the existing innovation ecosystem clustered around Oxford Road, part of the largest clinical academic campus in Europe.