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Partners ramp up £1 7bn ID Manchester - Place North West
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Place North West | Next steps revealed for £1 5bn ID Manchester
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Dan Whelan
The University of Manchester has selected a joint venture between Bruntwood SciTech and London-based investor and developer Stanhope to deliver the 4m sq ft mixed-use scheme, it is understood.
Earlier this month,
Place North West revealed the university was considering bids from two parties for the £1.5bn estate overhaul, Bruntwood SciTech with Stanhope and Peel L&P with Urban Splash.
The original four-party shortlist featured HBD and Singapore-based investor Mapletree Investments but both dropped out of the running earlier this year.
ID Manchester, one of the highest profile regeneration opportunities in the country, is intended to attract science, research, development, cultural and technology companies to the university’s property estate.
Dan Whelan
Peel L&P with Urban Splash, and Bruntwood SciTech with London-based investor and developer Stanhope are vying for selection by the University of Manchester for the 4m sq ft mixed-use scheme.
The university is considering bids for the £1.5bn ID Manchester project after the four-party long-list was reduced to two parties. HBD and Singapore-based investor Mapletree Investments made the final four but have since dropped out of the running,
Place North West understands.
The successful party is expected to be announced in the coming weeks after the university restarted the procurement process having put it on hold due to the pandemic.