JV formed for world-leading Manchester innovation hub
A £1.5bn joint venture between The University of Manchester and Bruntwood SciTech has been completed in order to develop the proposed ID Manchester science and technology innovation hub.
When complete, ID Manchester will be the base for a global community and an exemplar for a new approach to sustainable development. It will provide more than 370,000m2 of space, including 240,000m2 of new commercial workspace, 1,350 apartments, two hotels, and a £28M investment in the public realm that will provide a focal point for a vibrant events programme.
The University of Manchester has been advised by Eversheds Sutherland, CBRE, KPMG and Start Advisory. Law firm Addleshaw Goddard advised Bruntwood SciTech.
ID Manchester is located to the south of the city centre adjacent to Piccadilly Railway Station, the University of Manchester campus, and the existing innovation ecosystem clustered around Oxford Road, part of the largest clinical academic campus in Europe.