Shortlist announced for £550m Mayfield development
13 Apr 2016, 10:14
Argent, Urban & Civic, and a consortium made up of Ask, Carillion and Patrizia have been chosen as the final three developers to bid to lead the regeneration of a 24-acre derelict site in Manchester, which will extend the city up towards Piccadilly Station.
Mayfield Partnership, made up of London & Continental Railways, Manchester City Council and Transport for Greater Manchester, opened the search for a development partner for the Mayfield Quarter in September 2015.
A longlist for the project was revealed in February, which also included Muse Developments, U+I Group, and Goodman.
The three bidders will now enter into the third and final stage of the competitive tender process where they will continue discussions with the partnership until a preferred bidder is identified.
A development partner is due to be appointed in summer 2016.
The partnership will enter into a joint venture arrangement to take forward the comprehensive regeneration of the derelict Mayfield site which will reshape and extend the city towards Manchester Piccadilly, along the lines site out in the council’s Mayfield Strategic Regeneration Framework.
Bennetts Associates Architects advised on the framework.
Mayfield Quarter is set to create around 1,300 homes, 800,000 sq ft of offices, a 350-bedroom hotel, retail and leisure facilities and a new six-acre city park along a remediated River Medlock.
The plan for the site fits alongside Network Rail’s Northern Hub scheme which is scheduled to complete in 2018, and the proposed HS2 station at Piccadilly.
David Joy, chief executive of LCR, said: “We are very impressed with the response to tender – the opportunity has attracted a number of high calibre bidders. The chosen development partner will lead on master-planning the site as well as high quality place-making, through to delivery of the necessary infrastructure and the development itself. We look forward to working with our partners to complete the final stage so that we can ensure the successful delivery of a scheme which is set to realise long term benefits for the local area and the city of Manchester.”
LCR is wholly owned by the Department for Transport, and specialises in the management, development and disposal of property assets within a railway context.
JLL is advising the Mayfield Partnership on the procurement process.