Mayfield Regeneration Project
On 19 September 2016, mixed-use property regeneration specialist U+I announced they had won the £850 Million Mayfield Regeneration Project in Manchester.
The Mayfield Partnership is a public sector consortium that includes Manchester City Council, Transport for Greater Manchester and LCR. The 24-acre site is adjacent to Piccadilly station and has been derelict for more than a decade. The proposed masterplan will create a mixed-use community including more than 1,000 homes, a new hotel, 807,000 sq. ft. of offices, leisure and retail space. It has the potential to create 7,500 jobs and will leave a lasting legacy for the city and the wider UK.
U + I has an established presence in Manchester having already been involved in Manchester Arena and the Axis Tower. They will commit up to £20 million to the project and intend to submit planning applications in 2017.
Sir Richard Leese, Leader of Manchester City Council, said: “The regeneration of this key gateway site, along with the proposed Network Rail Northern hub scheme and the HS2 station will ensure a lasting legacy for Manchester and over time contribute towards fulfilling the Northern Powerhouse growth agenda.”
Matthew Weiner, U+I Chief Executive, said: “This project underlines our commitment to Manchester and our focus on targeting large scale regeneration opportunities... It adds significantly to our portfolio across the UK and follows our appointment as development partner at 8 Albert Embankment in partnership with the London Fire and Emergency Planning Authority and Cockpit Yard in partnership with Camden Council earlier this year.”
--U and I
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