Manchester Airports Group (MAG) has launched a tender process to find development and investment partners for its £650m Airport City development project in the UK.
MAG has appointed real estate services company CBRE to manage the tender process on its behalf.
The 150-acre regeneration project will create more than 5 million ft² of new high-quality business premises over the next 15 years.
The development will be divided into two zones, with the first zone comprising 1.85 million ft² of hotel, office, retail and advanced manufacturing space near Manchester Airport’s existing train station.
The second zone, comprising freight and logistics space, will be created next to the airport’s existing cargo centre at Junction 6 of the M56 motorway.
Phase one of the project will involve the construction of roads, landscaping, infrastructure and utility.
After completion, there will be 1.5 million ft² of offices, 650,000ft² of advanced manufacturing space, about 100,000ft² of retail and leisure units, around 2,400 new hotel beds and 1.4 million ft² of logistics and warehousing units.
Plans also include an 800m-long landscaped Central Park area featuring a number of pavilions and a large-scale event space.
The Central Park will integrate with the existing green space at Painswick Park.
CBRE senior director Colin Thomasson said, “We believe that Airport City will become the most significant development project in the UK since the regeneration of east London began in 2005 for the Olympics.”
MAG recently secured approval from Manchester City Council to construct a £100m world logistics hub at the southern part of its enterprise zone.
Image: The Manchester Airport City development will feature retail, leisure and hotel space. Photo: Manchester Airports Group.