Stanhope is starting its first outside of the southeast of England project, while partnering with Bruntwood SciTech. This ID Manchester program is a £1.5bn innovation district planned by the University of Manchester.
Around 10.6 hectares of the North Campus site is under the plan of the redevelopment as The University of Manchester sources reveal and this is next to Piccadilly Rail Station. The plan, called ID Manchester, is to create ‘a new neighbourhood and innovation district that will be an engine for economic growth’.
Bruntwood SciTech will lead the project according to the University’s selection. Besides, Stanhope works as a strategic development manager. Bruntwood SciTech is a 50:50 joint venture between Manchester-based developer Bruntwood and insurance/investment firm Legal & General.
Plans show four million square feet (370,000 sqm) including 2.6 million square feet (240,000 sqm) of new commercial workspace. This will be accommodated with a £28m investment in the public realm to provide a focal point for events.
The development is expected to take 15 years to complete. Stanhope said that the project consolidated its commitment to the life sciences sector in the UK following landmark developments at White City Place and the British Library, both in London.