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MediaCityUK set to double in size over the next decade

Posted on by in Weekly News

MediaCity160623Up to ten new buildings are envisaged with a development value of more than £1bn as part of a massive second phase of development at MediaCity UK in Salford.

Key features of phase two include 50,000 m² of offices, 1,800 apartments, retail and leisure facilities, complemented by public spaces with a pedestrian promenade running through the scheme.

Outline approval for the plans was granted in 2006. A condition of that permission was that detailed proposals, including all building designs and specifications, needed to be brought forward this year. Salford’s planning panel will consider the plans in September.

MediaCityUK is a joint venture between Peel Land and Property, and Legal and General Capital, who share a long-term commitment to the further expansion of a creative and digital hub which already houses 250 businesses including the BBC, ITV, dock10, Ericsson and SIS.

The Peel Group Chief Executive Steven Underwood said: ”This application is another major step forward in the evolution of MediaCityUK. Our partnership with Legal and General Capital, alongside continued support from the public sector, provides a strong platform to deliver future development phases of the UK’s fastest growing hub for the creative and digital industries.”

Legal and General Capital Managing Director Paul Stanworth said: ”Urban regeneration of the scale being delivered at MediaCityUK has the ability to make a sizeable economic impact, both locally and nationally. Legal and General Capital saw this potential when we invested in the project last year and are excited to be working with The Peel Group together with key partners to put forward plans for the second phase.”

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