During a press conference with Peel Holdings earlier today, plans were revealed that big names such as Buzzfeed, Sky News and The Financial Times are moving into MediaCityUK.
By Beccie Simms, Lucy Fisher.
Buzzfeed, the well known American news company, will open their first UK base outside of London which will add a fresh form of journalism to the site.
The plans are set for completion in 2025, prevailing ten brand new mixed use buildings to increase a sense of community according to the developers.
Later this year, the construction of the first building will begin.
Alistair Houghton, spokesperson for Peel Holdings
(Photo Credit: Shafia Begum)
Alistair Houghton, a spokesperson for Peel Holdings said: “It will be the perfect balance of business, pleasure and residential uses.”
Whilst MediaCityUK is well known for its prosperity with Journalism, commercial brands such as: Harvey Nichols, Selfridges and The Alchemist will be “coming here to truly help make this a destination” says Peel.
The build is set to cost the company £2billion but will provide more jobs, and tourism to Salford.
Despite this, concerns have been spread for the rise in homelessness throughout Manchester, and the lack of affordable houses was brought to the attention of the company.
They responded by saying: “It is very important to us that we have an element of affordable housing.”
With the rise of students studying in MediaCityUK, the question of expanding the University was brought up in press conference and shut down with Peel Holdings suggesting that they had no plans to expand the University in the near future.
They did praise the University however as being an integral part of MediaCityUK, naming it “an academic powerhouse that we sit in today.”
Buzzfeed and other companies coming to MediaCityUK, will provide more work experience and increase the level of jobs for graduates, perfect for our future workforce.
To create diversity on the site, Peel Holdings revealed that they wanted to unveil more green spaces amongst the nine plots for the purposes of the environment.
All of the spaces will be linked with new, open space. A nice change from the industrialisation of Manchester.
All together, the progression of MediaCityUK will provide a total economic growth with a £450million gross value added by 2025.
The reserved matters application will be submitted to Salford City Council in Spring next year.
Alongside BBC, ITV and Coronation Street, the project will bring a new sense of community to Salford.
Peel Holdings finally added: ‘’What we want to do is we want to create a community here, it’s not just about studios, it’s not just about offices, it’s not just about media, it’s about life.’’