Stanhope has today announced a new partnership with Bruntwood SciTech, a 50:50 joint venture between the Manchester-based developer and Legal & General to develop ID Manchester, the University of Manchester’s new £1.5bn innovation district.
Following a competitive procurement process, the announcement was made by President and Vice Chancellor of the University of Manchester, Dame Nancy Rothwell and will see Stanhope in partnership with Bruntwood SciTech deliver the transformation of a significant new neighbourhood to create a world class innovation district which will further Manchester’s reputation as a global leader in Life Sciences.
The project will be Stanhope’s first outside of the South East of England and consolidates the developer’s commitment to the Life Sciences sector in the UK following landmark developments at White City Place and the British Library.
Jonathon Weston, Project Director at Stanhope and Project Lead on ID Manchester said:
“Stanhope is honoured to have been selected by Bruntwood SciTech as their development partner for this hugely iconic and important new neighbourhood and world class innovation district. Manchester plays a significant part in the UK’s Life Sciences sector and to be able to help the University and city realise its vision for this area is something we are passionately
“As one of the leading Life Sciences developers in the South East, and as a proud Mancunian myself, we are thrilled to expand our work, expertise and knowledge in the sector to this vibrant northern city. Our work in the last five years reinventing White City Place into a new creative and Life Sciences quarter in West London, alongside our plans to develop and expand The British Library to include a new HQ for The Alan Turing Institute gives us the expertise to be well-placed in creating a dynamic, diverse and inclusive new district that properly integrates with the heart and soul of the city.”
“We look forward to working with the University, Bruntwood SciTech and all other partners involved to make ID Manchester a global success.”
ID Manchester, which is being pioneered by the University of Manchester, will be a new neighbourhood and innovation district that will be an engine for economic growth with the potential to create in excess of 10,000 jobs
The area encompasses 10.6 hectares of the North Campus site and will be a mixed-use city-centre neighbourhood with a distinct identity and unique character. Heralded as a new world-class innovation district, the development is expected to take 15 years to complete at the cost of £1.5bn. The site is in a prime location, adjacent to Piccadilly Rail Station and is part of the Oxford Road Corridor.