Bruntwood has secured funding from the North West Evergreen Fund for the 20K SF first phase of the 155K Didsbury Tech Park.
The £3.3M loan will also contribute to an element of the infrastructure costs required to enable phases 2 and 3 of the development.
Bruntwood, Siemens, PJ Livesey and Manchester City Council have formed a strategic partnership to deliver the 9-acre Didsbury Technology Park, part of the Siemens Campus at West Didsbury.
The first phase also includes 92 new homes and is due for completion by early 2019.
“The development will be one of the best-connected sites in the city, providing excellent links to both the Oxford Road Corridor innovation district and the airport," Bruntwood Sales Director Andrew Butterworth said.
The loan is drawn from The North West Evergreen Fund and Evergreen 2, a new £45M fund supported by the European Regional Development Fund. Both the North West Evergreen Fund and Evergreen 2 are managed by CBRE’s Investment Advisory team, part of CBRE Capital Advisors. They are focused on providing debt for commercial research and innovation space and regeneration projects in the North West of England, with a particular focus on low carbon initiatives.
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