CBRE has been appointed to advise The University of Manchester on the development strategy for its North Campus.
The firm’s UK development team will provide assistance on how to maximise the development value of assets as the university transforms the 11.8-hectare site.
New world-class facilities for staff, students and visitors are being lined up for the campus as part of a £1 billion, 10-year plan in support of the university’s global ambitions.
The University of Manchester is aiming to become one of the world’s top 25 universities by 2020.
The regeneration is said to carry significant opportunities for office, residential, retail, leisure, hotel, research and development as well as improved green infrastructure. It will also aim to integrate heritage assets to create public realm.
Following the instruction, CBRE will consult with key stakeholders to develop a vision for the North Campus and advise on appropriate uses for the site.
It will also undertake soft market testing with developers, investors and occupiers to inform the delivery strategy, as well as providing short and long-term strategic advice to appraise the future development.
Alistair Chapman, CBRE’s director of national land and development, says:
“To be involved in the delivery of the North Campus strategy is an enormous personal and professional privilege. With a major presence in Manchester, we see ourselves as stakeholders in the city and this piece of work provides the building blocks for a truly exciting scheme.
“The North Campus development represents a once in a life time opportunity for The University of Manchester to further enhance its global reputation, whilst revitalising a major part of the city totalling 11.8 hectares. We are absolutely delighted to be involved with a project of this magnitude and look forward to using our global network to help the university formulate its long term development strategy.”
Diana Hampson, director of estates and facilities at The University of Manchester, adds: “We are pleased to be working with CBRE on this strategically important initiative as part of our campus masterplan.”