The University of Manchester is pushing forward with its search for an investor and development partner to deliver ID Manchester.
Situated on its 26-acre North Campus site, the new £1.5 billion innovation district is envisaged as a “world-class community” with the potential to create over 6,000 jobs.
The university has now submitted a prior information notice (PIN ) to the Official Journal of the European Union (OJEU), to begin pre-market engagement as part of its search to find an investor and development partner to deliver the scheme.
ID Manchester, which would sit adjacent to Manchester Piccadilly station, could comprise circa 3.5 million sq ft of mixed-use space including three acres of public realm.
The project is seen as another “piece in the jigsaw” of the regeneration taking place in that area of the city including Mayfield, London Road Fire Station, Kampus and Circle Square.
Professor Dame Nancy Rothwell, president and vice chancellor of The University of Manchester, says: “We are looking for the very best joint-venture partner to work with us to develop this prime site in the heart of the city which will generate thousands of new jobs and will enhance the reputation of the university and the city as the place where the world’s most valuable ideas are transformed into reality.”
Sir Richard Leese, leader of Manchester City Council, adds: “The potential of ID Manchester is huge.
“There are tremendous opportunities to regenerate this distinctive part of the city and we welcome the university’s growth, investment and job creation ambitions for the development.”