Corridor Manchester has today announced the appointment of a consortium of Bruntwood and Manchester Science Parks (msp) as the preferred developer and operator for the £21 million scheme to create a new 10,000 sq m centre for the bio-medical research sector in the former Manchester Royal Eye Hospital on Oxford Road.
The new development is located on the campus of Central Manchester University Hospitals NHS Foundation Trust, Europe’s largest clinical academic campus. It will provide a unique opportunity to create a centre of international significance for the bio-medical sector with state of the art laboratories and other specialist space.
Jackie Potter, chief executive, Corridor Manchester said: “This is an exciting signature project for the Corridor partnership. As well as delivering much needed space for growing companies in the biomedical sector, the building will be a key hub for healthcare related research, education and R&D activity, stimulating the future growth and success of businesses in and around the Corridor. There was strong interest from a number of developers for this project and I welcome the appointment of Bruntwood and msp after a challenging competition.”
The scheme will see the building refurbished and extended to provide laboratory and business space, with a new glazed atrium providing networking space. There is already strong interest in pre-lets of the development, which will be completed in summer 2012.
It is expected the development will create 440 new jobs and will add £60 million per annum to Manchester’s income (GVA).
Mike Deegan, chief executive, the Central Manchester University Hospitals NHS Foundation Trust said: “Manchester has incredible expertise and strength within the health sector and the redevelopment of the former Royal Eye Hospital will further add to the market offer of the city region. The inclusion of a ‘hub’ to facilitate networking and innovation will be an exciting dimension of the project”.
Bruntwood and Manchester Science Parks are working towards a full planning application submission in the autumn, they aim to start on site with enabling working this winter with a main start on site in the spring, and completion is expected in summer 2012.
Chris Oglesby, chief executive, Bruntwood said: “The development of the former Royal Eye Hospital is a great project for Bruntwood. We’re looking forward to working with msp and using our development expertise to help the city fulfil its potential.”
The appointment of Bruntwood and Manchester Science Parks is made following a seven month OJEU competitive dialogue managed by Corridor Manchester. The Northwest Regional Development Agency (NDWA) provided funding to support the development of the proposals and the process to select a private sector partner.
The Royal Eye Hospital site is owned by the Central Manchester University Hospitals NHS Foundation Trust, which is one of the partners of Corridor Manchester, the organisation set up to drive economic growth and regeneration on the Corridor – the Oxford Road area of the City.
Source: Corridor Manchester