The £1.5bn ID Manchester project which could create over 10,000 new jobs in the next 10-15 years has edged closer. The University of Manchester and Bruntwood SciTech have formally signed a joint venture agreement after their partnership was first announced in June 2021. The university and Bruntwood SciTech, a 50:50 joint venture between Bruntwood and Legal & General, will work together to “enhance, develop and deliver an innovation district that will be at the forefront of global innovation”. READ MORE: Mike Ashley’s Frasers Group buys Studio Retail out of administration in £26.8m deal When complete, ID Manchester will provide over 4 million sq ft, including 2.6 million sq ft of new commercial workspace and a £28m investment in the public realm. The scheme will also feature 1,350 apartments and two hotels. The area currently includes the 650,000 sq ft grade II-listed Sackville Street Building. The university was advised by Eversheds Sutherland, CBRE, KPMG and Start Advisory. Law firm Ad …
Read more…….
