MediaCityUK Set for New £1bn Second Phase

Posted on 8 June, 2016 by Chris Grigorovsky

Plans for a £1bn expansion of MediaCityUK has been announced by Peel Land & Property and Legal & General, which are to be submitted to Salford Council.

MediaCityUK

The new scheme is for ten buildings totalling 2.3 million sq ft and will comprise 540,000 sq ft of offices, retail and leisure space, as well as 1,800 apartments, mixed use markets, event space and new public promenade.

Salford’s planning panel is expected to consider the plans in September and, if approved, will see the landmark scheme double in size within ten years.

MediaCityUK currently houses 250 businesses which includes BBC and ITV, totalling 1.6m sq ft of space.

Chief Executive of The Peel Group, Steven Underwood, commented: “This application is another major step forward in the evolution of MediaCityUK.

“Our partnership with Legal and General Capital, alongside continued support from the public sector, provides a strong platform to deliver future development phases of the UK’s fastest growing hub for the creative and digital industries.

“MediaCityUK is a shining example of what can be achieved across the Northern Powerhouse, combining the talents of great people with ambition and vision.”

Paul Stanworth, managing director at Legal and General Capital, concluded: “Urban regeneration of the scale being delivered at MediaCityUK has the ability to make a sizeable economic impact, both locally and nationally.”




Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.


Recent Posts

Businesses operating from shared premises will miss out on grants

BA cuts 12,000 jobs, unions hit back

Media Streaming Service See Record Subscriptions

Covid-19 Causes Millions To Claim UK Furlough Scheme

America, Amazon Wants You!

UK Firms Battle To Survive

COVID-19 Grounds EasyJet Fleet

ECB Emergency Fight Back Aganist Covid-19

Aldi’s Expansion Plan

British Steel on the verge of collapse with over 20,000 jobs at risk

Paris watches as flames engulf one of France’s most famous landmarks

Debenhams on the brink of administration as board reject Ashley’s bid

Emmanuel Macron pushes for a new Europe with European Parliament elections on the horizon

Brexit impacts property market

Brexit uncertainty impacts the property market

Oxford_Street_Selfridges_Christmas_Decorations_2017

Creative Christmas window displays

Toronto downtown skyscrapers

Brief history of skyscrapers