Manchester Airports Group to reveal Airport City office plan

Manchester Airports Group will today announce plans to build the first office element of its £800m Airport City project. MAG will speculatively develop the 75,000 sq ft building, with construction set to start in the summer. The building, each floor of which will be able to be split into four, will be ready for tenants at the end of 2016. MAG was set to reveal the development at the MIPIM property convention today. Chief executive for property at MAG Lynda Shillaw said: “We recently announced a speculative logistics scheme at Airport City’s Global Logistics site and our commitment to another spec building reflects our belief as a joint venture in the quality of our offer, and the strength of the region’s economy. “Airport City Manchester has already secured prestigious occupiers for the two existing 200,000 sq ft office buildings, which are nearly 100% full, including Etihad, Sherwin Williams, PZ Cussons and SCA Hygiene. “2015 is set to be a big year for Airport City, particularly on the north site, with strong foundations laid in 2014. As well as our office scheme the next few months will see further announcements for the project.” The new office scheme will form a key element of the Central Business District at Airport City alongside a 350 bedroom hotel, which has planning permission. These developments form a crescent around the first phase of public realm and are adjacent to the recently expanded Ground Transport Interchange. Over the next 10 years, Airport City Manchester will deliver 5m sq ft of office, logistics, hotel, retail, and advanced manufacturing space. The first of its kind in the UK, it will compete with successful airport cities across Europe including Amsterdam, Frankfurt and Barcelona. Manchester’s new Airport City aims to attract inward investment and provide 16,000 jobs. Earlier last year, international logistics company DHL took occupation of a brand new bespoke facility totalling 37,308 sq ft. Airport City Manchester is a joint venture project with MAG (50 per cent), Carillion PLC (20 per cent), Beijing Construction Engineering Group (BCEG) (20 per cent) and the Greater Manchester Pension Fund (GMPF) (10 per cent). Argent has been appointed development manager.

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