Manchester City Council and Greater Manchester Pension Fund (GMPF) are in advanced talks to acquire Columbia Threadneedle Investments’ (CTI) 50% shareholding in the £1bn MIX MANCHESTER innovation campus development.
The 2m sq ft scheme, which will comprise a mix of advanced manufacturing and innovation space, is being delivered by joint venture partners Columbia Threadneedle Real Estate, Manchester Airports Group (MAG), Beijing Construction Engineering Group International (BCEGI) and GMPF.
Gareth Jackson, group property director at Manchester Airports Group, said: “We can confirm we are in talks with MCC and GMPF regarding their potential investment in MIX MANCHESTER. We believe this represents an incredible opportunity to be part of one of most exciting science, innovation, and manufacturing developments in the UK and we look forward to releasing more information regarding this very soon.”
Leader of Manchester City Council, Bev Craig, added: “MIX MANCHESTER is an ambitious next phase for Manchester Airport and Wythenshawe, and another important engine of economic growth for the city, which will deliver thousands of high-quality jobs creating great opportunities for our residents.
“MIX is perfectly located to provide a platform for high growth industry to thrive and to continue to build on the city’s reputation as a centre of excellence for research, science, tech and manufacturing. This investment also complements the wider regeneration of Wythenshawe, including the transformation of the town centre and infrastructure investment at the hospital.
“Our ambition is for MIX Manchester to be an exemplar for public private collaboration, maximising the social and economic impact for the people of Manchester, while generating financial returns for the city.”
