£500m Mayfield contest opens
Mayfield Partnership, made up of London & Continental Railway, Manchester City Council and Transport for Greater Manchester, will open the search for a development partner for a 24-acre site in the city centre at the Manchester at MIPIM 2016 launch event this evening.
The Partnership will enter into a joint venture arrangement to take forward the comprehensive regeneration of the derelict Mayfield site which will reshape and extend the city towards Manchester Piccadilly, along the lines site out in the council’s Mayfield Strategic Regeneration Framework. Bennetts Associates Architects advised on the framework.
Mayfield Quarter is set to create around 1,300 homes, 800,000 sq ft of offices, a 350-bedroom hotel, retail and leisure facilities and a new six-acre city park along a remediated River Medlock. The cost of the development is estimated to be around £550m.
The Pre-Qualification Questionnaire marks the first stage of the tender process for a development partner and will allow the Mayfield Partnership to assess the commercial, technical and financial competencies of the companies that come forward to bid for the contract.
The procurement process is being launched at tonight’s Manchester at MIPIM Partnership 2016 event, taking place at INNSIDE hotel Manchester from 5.30pm until 7pm. The aim of the event, which is expected to attract more than 250 figures from the property industry, is to promote Manchester in the run-up to MIPIM 2016 in Cannes.
Speakers include Sir Howard Bernstein, chief executive of Manchester City Council, Andrew Stokes, chief executive of Marketing Manchester and David Joy, chief executive of LCR.
David Joy, chief executive of LCR, said: “Today marks a significant milestone in the development of one of Manchester’s key regeneration sites. We are confident that we can find an experienced, innovative and well-funded partner to help us deliver a new and exciting urban development in Manchester city centre, which will not only provide a new high quality public and commercial space but enhance connectivity beyond the site and act as a catalyst to maximise the regeneration potential of the area.
“The chosen development partner will lead on securing planning consent for the site as well as high quality place-making, through to delivery of the necessary infrastructure and the development itself. We look forward to working with our partners to complete this next stage so that we can ensure the successful delivery of a scheme which is set to realise long term benefits for the local area.”
For further information about the bidding process visit www.mayfieldmanchester.live.jll.com
