MediaCityUK to double in size with £1bn development
MEDIACITYUK is set to double in size over the next decade under ambitious plans submitted to Salford City Council today for 10 new buildings worth £1bn.
Key features of phase two of MediaCityUK include 540,000sq ft of offices, 1,800 apartments, retail and leisure, complemented by innovative public spaces with a pedestrian promenade running through the scheme.
Outline approval for the plans was granted in 2006. A condition of that permission was that detailed proposals, including all building designs and specifications, needed to be brought forward this year.
The plans are expected to be considered by Salford’s planning panel in September.
MediaCityUK is a joint venture between Peel Land and Property and Legal and General Capital, who share a long-term commitment to the further expansion of a creative and digital hub which already houses 250 businesses including the BBC, ITV, dock10, Ericsson and SIS.
Steven Underwood, chief executive of The Peel Group, said: ‘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, Legal and General Capital, said: ‘Urban regeneration of the scale being delivered at MediaCityUK has the ability to make a sizeable economic impact, both locally and nationally.
“Legal and General Capital saw this potential when we invested in the project last year and are excited to be working with The Peel Group together with key partners to put forward plans for the second phase.
“We hope to deliver much-needed homes, hubs for businesses and new retail, leisure and public spaces for residents, workers and visitors to enjoy.”
Development at MediaCityUK continues apace with the new Tomorrow building coming on stream during the summer and The Lightbox apartment block due to commence construction in early 2017.
Stephen Wild, managing director, MediaCityUK, said: ‘We pride ourselves on having created much-loved buildings such as The Pie Factory and The Greenhouse.
“Phase two will provide a unique opportunity for a new generation of designs to complement what is already a thriving and vibrant destination.
“Like any city, we continue to grow in line with the needs of business – today’s plans show the huge potential for the MediaCityUK of 2026.”
A team of architects led by master planners, Chapman Taylor, was appointed to design the individual plots.
Tim Partington, Director, Chapman Taylor, said: ‘MediaCityUK is already a leading international hub for the creative and digital sectors, a centre of learning and a visitor destination.
“Phase two will bring a new residential community supported by high quality public realm, leisure and retail facilities, ensuring that the development is a sustainable urban neighbourhood and an exemplar for the 21st century.”