Manchester’s hub of digital technology and creativity, Media City, is to double in size with a £10m backing from Santander.
The support from Santander Corporate & Commercial will help Media City further advance current and future developments. Plans for future developments are already underway with several designs been approved last September.
Work has already begun on the first new build, The Lightbox, a 238-unit luxury apartment scheme while the work on the Alchemist has been completed. The rest of the development is said to finish in 2030.
Phase two will see Media City double in size with ten new buildings. Creating 50,000sq m of business space, over 1,800 residential units, 4,400sq m plus in retail and leisure space and around 1,800 car parking spaces, MediaCityUK is going through an exciting but dramatic change. Plans include The Arcade, a retail/leisure office space around a pedestrian arcade; Georgian Square – a public courtyard, a six-storey podium with two taller buildings of 14 and 25-storey buildings on top; and London Square – 14 three-storey town houses with 460 apartments on the upper floors, along with a gym, cinema room and shared office space.
Managing director of MediaCityUK, Stephen Wild, said, “MediaCityUK is really coming of age – recent developments have brought a further exciting edge, and the next range of buildings will include additional prime office, residential and retail space, enabling us to create more exciting experiences for our customers, visitors and residents.”
The BBC, ITV, Coronation Street and Dock10 are just a few of the large names based at Media City alongside over 200 smaller businesses. This boost from Santander will help the hub further its growth into a buzzing forum of technology, large names and start-ups.
Relationship director, Stephen Ball, of Santander Corporate & Commercial, said, “We’re delighted to have been able to support the next phase of MediaCityUK. The first phase added significant social and economic value to Manchester, and phase two will take this to new heights.”