MAG Developments

MAG Developments

September 14, 2012 12:58 ET

MAG Submits Planning Application for World Logistics Hub at Manchester Airport Enterprise Zone

LONDON, UNITED KINGDOM--(Marketwire - Sept. 14, 2012) - Manchester Airports Group (MAG) has submitted an outline planning application for the development of a £100m World Logistics Hub in the southern part of Greater Manchester's Enterprise Zone at Manchester Airport.

The Enterprise Zone development will create between 1.2 - 1.4 million square feet of new logistics space, which will generate more than 1,800 new jobs for local people over the next 10-15 years, in addition to jobs associated with the construction process. If you're looking for offices to rent then the proposed development could be your perfect business solution.

Approximately 60% of the UK's manufacturing capacity is located within two-hours of Manchester Airport. World Logistics Hub will seek to capitalise upon this, combining with the Airport's existing cargo facilities at the adjacent World Freight Terminal, to create a world-class logistics district for a mix of medium and small sized logistics units. These new buildings will all be designed to the highest possible BREEAM and LEED environmental standards.

World Logistics Hub will provide a full range of air-to-road transfer, assembly and processing activities for freight forwarders and other logistics businesses with easy access to the Airport's apron, train station and the UK motorway network.

John Atkins, MAG's Airport City Director, said: "This scheme will create a sustainable commercial product of international significance that will provide high quality and well-connected logistics facilities with access to the global marketplace and a population of over 24m people within a two-hour drive time. This connectivity will create an exceptional opportunity to improve international trade, cut transit times and drive more efficient, sustainable supply chains whilst supporting the local community, increasing employment opportunities and stimulating economic activity in the North West."

World Logistics Hub is located in the southern part of Greater Manchester's Enterprise Zone. It is centred on the Airport City project, which aims to transform Manchester Airport from a regional transport hub into an international business destination in its own right, attracting global businesses that would not have otherwise located in the region, or even the UK.

The £650m Airport City scheme - the first of its kind in the UK - was unveiled by Chancellor of the Exchequer, George Osborne, in January 2012. Around 1.5 million sq ft of offices to let; 650,000 sq ft of advanced manufacturing; around 2,500 new hotel beds; and up to 100,000 sq ft of retail and leisure, will also be developed on land surrounding Manchester Airport's public transport interchange and to north of the M56 spur road. This northern Airport City zone will be linked to the passenger terminals and the coach, bus and rail hub by a series of wide landscaped green bridges, based on New York's elevated urban park, the Highline.

The wider 116-hectare Enterprise Zone - which also includes MediPark at University Hospital South Manchester, Wythenshawe town centre and a series of smaller, surrounding, opportunity sites - will create up to 20,000 new jobs over the next 15-years. A new Metrolink extension linking Wythenshawe and the Airport to the wider network is currently under-construction; and alongside the Airport's existing public transport links will ensure that jobs created at the World Logistics Hub are highly accessible.

Notes to editors

• MAG Developments is one of Europe's leading airport property developers.

• It is leading the £650m Airport City Enterprise Zone project in Manchester offering commercial property to let as well as complete solutions for businesses in the Enterprise Zone; has already completed the £22m development of the Radisson Blu East Midlands Airport; and delivered £6m of new build projects at Bournemouth's Aviation Business Park.

• MAG is the largest UK-owned airport operator serving around 25 million passengers and handling half a million tonnes of air freight each year. MAG also includes the commercial property company, MAG Developments.

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