Member Article

Carillion among consortium to deliver £800m Manchester Airport City

Carillion will join Beijing Construction Engineering Group (BCEG) and the Greater Manchester Pension Fund (GMPF) to deliver the £800m Manchester Airport City, Manchester Airports Group say.

The consortium will also include Argent Property Development Services as development managers on the project.

Airport City is one of the largest regeneration schemes in the UK since the Olympics redevelopment in East London with five million sq ft of development, including offices, hotels, advanced manufacturing, logistics and warehousing.

Airport City will anchor the Government-designated Enterprise Zone at the heart of which is Manchester Airport, the UK’s third busiest airport. A key objective of the Enterprise Zone is to help attract international businesses and to create an additional 16,000 jobs for the North West of England.

The consortium will start work immediately and the project is scheduled for completion over the next 15 years. Carillion expects to invest up to £12 million of equity in the development, as well as delivering up to £580 million of construction work.

Carillion chief executive, Richard Howson, said: ’’We are delighted to have been selected as a member of the consortium that will deliver this prestigious development, which reflects our reputation for quality and reliability and our success in building strong long-term relationships with our partners and customers.

“We look forward to working with MAG to deliver Airport City, which will further enhance Manchester’s position as one of the premier airports in the world.”

Jill Jones, Baker Tilly’s regional managing Partner for the North West, commented: “The announcement is not just great news for the UK, but also for the many businesses across the North West that stand to benefit from the opportunities that this investment will create.

“As well as providing a welcome boost to the job market in Manchester, this investment also underlines the growing confidence that investors are showing in the prospects for the wider regional economy.”

This was posted in Bdaily's Members' News section by Tom Keighley .