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MarketScreener Homepage  >  Equities  >  London Stock Exchange  >  U and I Group PLC    UAI   GB0002668464

U AND I GROUP PLC

(UAI)
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U and I : 12-storey office building added to first phase of £1.4bn Mayfield development plan

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08/14/2019 | 05:42am EDT

The Mayfield Partnership has announced plans for a flagship office building to be built as part the first phase of the transformational £1.4bn Mayfield development in Manchester city centre.

A planning application is to be submitted in the autumn for a 12-storey office building comprising approximately 220,000 sq ft of Grade A workspace on Mayfield's Baring Street Campus.

Designed by architects Morris + Company, the building will offer stunning terraced views of Mayfield Park, a managed public park surrounding the River Medlock, which will be at the heart of the new neighbourhood at Mayfield.

The building's ground floor will provide impressive double height space for use as an exhibition space or for community events, while also providing access to the park.

Earlier this summer The Mayfield Partnership consulted with the public on other elements of the first phase of the landmark development: Mayfield Park, an eight-storey 70,000 sq ft office building and 545-space multi-storey car park and significant public realm improvements.

The addition of a second office building to the proposed planning applications is a response to strong occupier interest in Manchester as a leading business location and in Mayfield, one of the UK's largest and most important regeneration opportunities.

Located opposite Manchester Piccadilly Station, the majority of the 30-acre Mayfield site, which includes the landmark station building on Fairfield Street and depot, has been under-utilised for 30 years.

The project is being brought forward by the Mayfield Partnership, a public-private venture, comprising LCR the UK Government's commercial developer, Manchester City Council, Transport for Greater Manchester and regeneration specialist U+I.

James Heather, Development Director for U+I and the Mayfield Partnership said: 'We were delighted with the response to our initial consultation this summer and amid strong occupier interest in Mayfield we are pleased to be bringing forward this office building as part of phase one.

'Our vision is for a truly outstanding place to work and play, and I believe the amazing views over Mayfield Park this flagship office building will deliver will be unrivalled anywhere in Manchester.

'Manchester is a first-class location for businesses and we need the confidence to deliver high quality workspace and maintain a pipeline of premium office development to attract further inward investment to our city.'

August 22 at Fairfield Social Club, Archway 6, Temperance Street, Manchester, M12 6HR between 2pm and 7pm.

All are welcome to come and give their feedback and input into the proposals ahead of the submission of the detailed planning application.

The Mayfield Partnership's long-term plan is to create an iconic, £1.4bn mixed-use community over the next 10-15 years. This includes the 6.5 acre park, world-class office space, homes and leisure facilities alongside further extensive public realm.

The wider Mayfield regeneration vision will potentially provide 1,500 homes, 155,000 sq m of office space, a 650-bedroom hotel, retail and leisure space. It is envisaged Mayfield will create more than 10,000 office, retail, leisure and construction jobs.

Disclaimer

U and I Group plc published this content on 14 August 2019 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 14 August 2019 09:41:10 UTC

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