Salford council have approved plans to double the size of MediaCity UK with 10 new buildings worth up to £1billion to be built.
Phase two of MediaCity UK development includes: 540,000sq ft of offices, 1,800 apartments, retail and leisure units, public spaces and a pedestrian promenade.
MediaCity UK is a joint venture between Peel Land and Property and Legal and General Capital who are committed to the expansion of the digital and tech hub which already houses 250 businesses including the BBC and ITV.
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.”