The £850m regeneration project of the former Mayfield site has a new developer.
A company called U + I has been selected to carry out the development with a planning application likely to be submitted in spring next year.The Company was chosen from a shortlist of three strong bidders which also included Urban & Civic and a consortium formed by Carillion, Ask and Patrizia,
The project will deliver, in the words of the developers, a mixed-use community on a 24-acre gateway site adjacent to Piccadilly station that has been derelict for over a decade and will they say, create over 7,500 office, retail, leisure and construction jobs
The proposed masterplan for the regeneration includes the construction of over 1,300 homes, a new hotel and 807,000 sq. ft. of offices as well as leisure and retail space, with the potential to create 7,500 jobs.
Matthew Weiner, Chief Executive, U+I said: “We are very proud to be selected as the preferred partner on this unique project, underlining our strengths in mixed-use regeneration and public private partnership projects.
“U+I has built a successful track record working alongside public sector bodies to deliver innovative and award-winning schemes.
“This project underlines our commitment to Manchester and our focus on targeting large scale regeneration opportunities, in line with our strategy.”
The Mayfield Partnership is a public sector consortium comprising Manchester City Council, Transport for Greater Manchester and LCR.
Sir Richard Leese, Leader of Manchester City Council, said: “We are delighted to have appointed U+I as our development partner for the Mayfield Quarter.”
“It was a challenging decision given the exceptionally high calibre of candidates; however, we were particularly impressed by U+I’s innovative approach.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.
