Air­port City land deal may cre­ate 5,000 jobs

Glossop Advertiser - - News - She­lina Begum

PRIME de­vel­op­ment land has been snapped up within Air­port City Manch­ester which could cre­ate up to 5,000 new jobs.

Icon In­dus­trial, a joint ven­ture be­tween TPG Real Es­tate and Sto­ford De­vel­op­ments, has ac­quired 45 acres at Global Lo­gis­tics in a deal thought to be val­ued at £29m.

The area is cur­rently home to Ama­zon and DHL.

The sale could also cre­ate a fur­ther area of lo­gis­tics space within Air- port City, which has so far seen the cre­ation of over 2,000 new jobs and at­tracted sub­stan­tial in­vest­ment across the 821,000 sq ft.

Lynda Shillaw, MAG Prop­erty CEO, said: “The sale of 45 acres at Global Lo­gis­tics is a sig­nif­i­cant mile­stone and builds upon the £30m of in­vest­ment made by the joint ven­ture to date.

“Air­port City Manch­ester is a re­ally ex­cit­ing lo­ca­tion for oc­cu­piers, lo­cated at the south­ern growth node of the re­gion, an al­ready well-es­tab­lished busi­ness lo­ca­tion along­side the Manch­ester Air- port cam­pus. This trans­ac­tion comes at an ex­cit­ing time for the Air­port City Manch­ester joint ven­ture as mo­men­tum is build­ing around the first new of­fices and ho­tels planned to start on site.”

The lat­est deal means that 75 acres of a to­tal 130 acres across Air­port City Manch­ester has now been trans­acted by the Joint Ven­ture Part­ners, Manch­ester Air­ports Group (MAG), Beijing Con­struc­tion Engi­neer­ing Group In­ter­na­tional (BCEGI), Car­il­lion and Greater Manch­ester Pen­sion Fund (GMPF), since 2014.

Si­mon East­wood, man- ag­ing di­rec­tor of Car­il­lion De­vel­op­ments, said: “The progress we have made at Global Lo­gis­tics has been strong and has set the pace for what will be de­liv­ered at Air­port City Manch­ester. Across the site, we’re in ad­vanced dis­cus­sions with a num­ber of po­ten­tial ma­jor oc­cu­piers who re­quire cam­pus style of­fices and there con­tin­ues to be strong in­ter­est from ho­tel op­er­a­tors, which on the back of the growth of the air­port, see clear ben­e­fits of this lo­ca­tion.”

En­ter­prise Way, which will be com­pleted by Fe­bru­ary 2018, will connect of­fice and ho­tel de­vel­op­ment plots within Air­port City North to the rest of the site and the wider trans­port net­work.

This lat­est project is part of the £30m in­vest­ment that has been com­mit­ted by the Air­port City.

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