An opportunity for north west businesses as a developer is being sought by DTZ for a mixed use development in Manchester.
Manchester City Council and Network Rail Infrastructure Ltd are seeking an investment / development partner or consortium (including lead developer, full professional team and funder) capable of ensuring the delivery of its ambitious plan to redevelop property interests at and adjacent to Manchester Oxford Road railway station.
Manchester City Centre has been the focus of economic restructuring and growth, offering the largest office market outside London and an environment that is attractive to a range of services, with the connectivity and infrastructure to attract the skilled labour needed by these sectors from across Greater Manchester and beyond. At the heart of the regeneration of the City Centre has been its transformation into a place where those who work in the City Centre economy also live. In fifteen years the City Centre population has grown from less than a thousand to nearly 20,000.
The site lies within the heart of the Corridor Manchester. The Corridor Manchester is where there is the greatest potential for growth, with over 20,000 new jobs planned over the coming decade. The Corridor has a current workforce of 55,000 and generates £2.8bn GVA – 22.5% of the total GVA of the City: 43% of this activity is within knowledge based sectors, much higher than the national average of 22%. Over the next 10 years it is anticipated that the Corridor will attract £2.5bn private investment and increase GVA to £4.7bn.
The opportunity exists for ancillary retail and leisure uses at both Street and station concourse levels.
The Council and Network Rail are seeking an experienced investment partner or consortium who can share such a commitment and vision for this part of the city to make the most fo the site’s potential and to deliver a high quality mixed use development over a 2 – 5 year period.
Project ID: 14290227
Source: Glenigan
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