Stanhope JV confirmed for £1.5bn Manchester ID mega-scheme

Aaron Morby 3 years ago

Stanhope’s joint venture with Bruntwood SciTech has been confirmed as the developer and investor team to deliver a planned £1.5bn innovation district in Manchester.

ID Manchester neighbourhood would be an engine for economic growth and could create over 10,000 jobs
ID Manchester neighbourhood would be an engine for economic growth and could create over 10,000 jobs

The vast new science and technology district will be built on a 26-acre site at Manchester University’s North Campus, near Piccadilly Railway Station in the city.

The project is Stanhope’s first outside of the South East of England and consolidates the developer’s commitment to the life sciences sector, following landmark developments at White City Place and the British Library.

ID Manchester masterplan is expected to take 15 years to complete at the cost of £1.5bn.

The proposal envisages delivering 2.6m sq ft of new work space alongside some residential and 3 acres of public realm on one of the last major development opportunity sites in the city.

Stanhope and Bruntwood SciTech JV was in a final head-to-head with a Peel L&P and Urban Splash pairing.

Jonathon Weston, project director at Stanhope for ID Manchester, said: “Manchester plays a significant part in the UK’s Life Sciences sector and to be able to help the University and city realise its vision for this area is something we are passionately committed to. 

“Our work in the last five years reinventing White City Place into a new creative and Life Sciences quarter in West London, alongside our plans to develop and expand The British Library to include a new HQ for The Alan Turing Institute gives us the expertise to be well-placed in creating a dynamic, diverse and inclusive new district that properly integrates with the heart and soul of the city.” 


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