Beijing Duo Hunt £2B Manchester Project
Greater Manchester's Beijing property connections could be about to get a lot closer.
TusPark, a Beijing-based science park developer with schemes in most major Chinese cities, is among the developers long-listed for the £2B ID Manchester development being promoted by Manchester University, Place North West reports.
The development would be the North West debut for TusPark, and by far its largest UK project to date. Today it is active in Cambridge, where it has 170K SF and plans for another 200K SF of science-related floor space; and Newcastle where it operates a tech incubator in the 40K SF Maybrook House.
Beijing Construction & Engineering is partnering with TusPark and brings strong connections in the North West.
This week BCEGI firmed up its proposals for a joint-venture redevelopment of Bolton's Crompton Place shopping centre. The redevelopment of the 280K SF centre with Midia and Bolton Regeneration was agreed in March.
The partnership with TusPark comes soon after BCEGI pulled out of the £200M St. Michael's hotel, office and residential development at Booth Street, Manchester.
The ID Manchester shortlist also includes Singapore-based investor Mapletree. It has expanded from a base in London into Manchester, Bristol and a dozen largely tech-based regional office markets. In Manchester it owns 3 Hardman St., the 396K SF office block at Spinningfield, as well as a host of student housing blocks in the city.
Stanhope's partnership with Bruntwood SciTech is also heavily fancied. The bid marks a return to Manchester for Stanhope after it was reported to be disappointed in efforts to win a slice of the NOMA development in 2011.