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City council puts land, not cash, into Granada deal

2nd October 2013

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MANCHESTER City Council is not putting any capital into the deal to buy the ITV Granada site with Allied London, but it is contributing a £2.4m plot it bought just seven months ago from the Spinningfields developer.Last week Allied London said it had formed a partnership with the council called Manchester Quays Ltd (MQL) to conduct the £26.5m acquisition and subsequent redevelopment of the 13-acre site.Earlier in the year the two organisations were negotiating on a different land deal, the sale of an old warehouse next......for the full story register now for free or login below...


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