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Commercial Property News
Manchester commercial property firms in £21 million development deal
Commercial property firm Bruntwood and Manchester Science Parks (MSP) have entered a joint deal that will see a research hub created in the north-west city.
At a cost of some £21 million, the bio-medical centre will be situated at the former Manchester Royal Eye Hospital, it has emerged.
Business properties are to be created on Oxford Road, on the campus of Central Manchester University Hospitals NHS Foundation Trust, as well as modern laboratories and research space.
The development may be of interest to investment property owners in the area, who could find they benefit from the increased traffic and visitor numbers.
Corridor Manchester revealed it had appointed two firms to work as a consortium and chief executive Jackie Potter said: "As well as delivering much-needed space for growing companies in the biomedical sector, the building will be a key hub for healthcare related research, education and R&D activity, stimulating the future growth and success of businesses in and around the Corridor."
And Mike Deegan, chief executive of the Central Manchester University Hospitals NHS Foundation Trust, stated the redevelopment project is likely to bring a boost to the city, particularly given its innovative hub that is to be created at the site.
Networking space will add another element to the project and will be provided by a glazed atrium that is planned for the former Manchester Royal Eye Hospital.
According to MSP, there has already been a lot of interest in the pre-lets, despite the fact the property development project is not scheduled for completion until summer 2012.
Hundreds of new jobs will be created in the meantime and some £60 million will be added to Manchester's income every year thanks to the project, it was noted.
Corridor Manchester - which had been managing the competitive dialogue prior to appointing the two firms - is a partnership that includes the University of Manchester, Manchester City Council, Manchester Metropolitan University and Central Manchester University Hospitals NHS Foundation Trust.
Posted by James Collins
At a cost of some £21 million, the bio-medical centre will be situated at the former Manchester Royal Eye Hospital, it has emerged.
Business properties are to be created on Oxford Road, on the campus of Central Manchester University Hospitals NHS Foundation Trust, as well as modern laboratories and research space.
The development may be of interest to investment property owners in the area, who could find they benefit from the increased traffic and visitor numbers.
Corridor Manchester revealed it had appointed two firms to work as a consortium and chief executive Jackie Potter said: "As well as delivering much-needed space for growing companies in the biomedical sector, the building will be a key hub for healthcare related research, education and R&D activity, stimulating the future growth and success of businesses in and around the Corridor."
And Mike Deegan, chief executive of the Central Manchester University Hospitals NHS Foundation Trust, stated the redevelopment project is likely to bring a boost to the city, particularly given its innovative hub that is to be created at the site.
Networking space will add another element to the project and will be provided by a glazed atrium that is planned for the former Manchester Royal Eye Hospital.
According to MSP, there has already been a lot of interest in the pre-lets, despite the fact the property development project is not scheduled for completion until summer 2012.
Hundreds of new jobs will be created in the meantime and some £60 million will be added to Manchester's income every year thanks to the project, it was noted.
Corridor Manchester - which had been managing the competitive dialogue prior to appointing the two firms - is a partnership that includes the University of Manchester, Manchester City Council, Manchester Metropolitan University and Central Manchester University Hospitals NHS Foundation Trust.
Posted by James Collins
Tue, 7th Sep 2010