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Your email address will not be published.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

The latest property data has identified Newquay as the fastest property seller’s market in the UK

Investing in your garden can increase your property’s value

French Riviera temping high-end homebuyers

How can the ownership rights of my commercial property impact a business sale?

Should I incorporate virtual property viewings permanently?

Investment expected to increase across Asia-Pacific in 2021

UK property industry slows as the conclusion of tax break looms

BNP Paribas cautioned investors on Friday as debt-trading bonanza that increased its earnings this past year

Over 300,000 property purchases fell through in 2020 – we show the most frequent motives and the best way to get your house sale back on track

House Prices in the Capital Surpass £500,000

Optimism from the Bank of England’s chief economist

The most expensive commercial properties.

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