The Mayfield Partnership has selected a shortlist of three developers for the £750m mixed-use redevelopment of 24 acres next to Manchester’s Piccadilly Station.
Argent, Urban & Civic and Ask Real Estate with Patrizia have been shortlisted by the partnership, which is a joint venture between Manchester City Council, London & Continental Railways and Transport for Greater Manchester.
Advised by JLL, the partnership launched an OJEU in September for the opportunity which could deliver 800,000 sq ft of offices, 1,330 homes and 350 hotel bedrooms.
Early plans also include shops, hospitality, entertainment, car parking and a new city park centred along the River Medlock.
A longlist, which also included Muse Developments, U+I Group and Goodman, was chosen in February.
The development partner will acquire a 50% stake in the joint venture partnership, with the council, LCR and TfGM retaining the remaining interest.
The preferred partner is due to be announced in summer 2016.
The Mayfield Quarter represents the biggest development opportunity in Manchester city centre, with the area set to benefit from an HS2 station and Northern Hub transport plans.
It is also understood to be the Government Property Unit’s preferred location for 430,000 sq ft of offices as part of its hubs programme.
All parties declined to comment.
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