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Old June 5th, 2006, 02:26 AM   #21
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Manchester research 2006.

http://www.colliers.com/Content/Repo...PaperFINAL.pdf
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Old August 19th, 2006, 06:10 PM   #22
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Usual tub-thumping stuff as you'd expect from an inward investment agency but makes for an interesting read.

http://www.investinmanchester.com/CM...r_plc_2006.pdf
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Old September 12th, 2006, 12:21 AM   #23
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I know iSOFT are going through troubled times but Manchester really needs to be able to hang onto major corporate HQ's such as this if it is to have a hope of realising its ambitions. Im struggling to understand what Banbury in Oxfordshire has over a prime site near Manchester airport. I suppose, as the article says, there is now critical mass of its operations down there now. But really, rather than banging on about stale, 2 year old news about attracting the Bank of NY to Manchester, the city fathers and associated agencies should be trying to figure out why a major FTSE tech company - the very 'knowledge' industry the city is trying to foster - has now all but drained its once significant presense away from the city.




Quote:
iSoft axes HQ


iSOFT: Heading southCRISIS-hit health software company iSOFT is closing its plush headquarters by Manchester Airport and pulling out of its home city, it has emerged.

The business, which has been forced to cut jobs and costs amid problems with the multi-billion pound NHS IT programme, has seen its market value slump from nearly £1bn to just over £100m this year.

Already rocked by a spate of profit warnings, iSOFT revealed last month that it is being investigated by financial watchdogs over its previous accounting policies.

Just 51 people remain at the prestigious Aviator Way office on Arlington’s Manchester Business Park site.

The staff affected by the closure have the choice of moving to Warrington or to the new head office in Banbury, Oxfordshire, which is more than 130 miles away.

The cost-cutting move, will save the company millions of pounds over the remainder of its 10-year lease with its landlord.

iSOFT only moved in last Janaury and then spent hundreds of thousands of pounds on converting part of its ground floor into a cradle-to-grave software presentation suite to showcase the company’s products to investores and potential custoners.

Communications director John White said today: “We are not making anyone redundant, our staff can move to Warrington, which is not too far away.

Practical

“We are taking some practical steps to secure the company’s future, we need to cut costs and this is a sensible and logical thing to do.” He agreed that from an “emotional” point of view the move is a sad day in iSOFT’s history: “Banbury is our largest site and is centrally located too. Many of us are on the road so in practical terms the move willl not make that much difference really.”

Once the darling of the Stock Market, iSOFT was spun out of the Manchester office of KPMG Consulting in 1998.

Former chairman Patrick Cryne led a £20m management buyout of the business.

The company’s first home was at Bridgewater House, Whitworth Street, where it was based until the move to the Aviator Way site. The closure of the head office does not affect the 70 staff employed at a data centre in Prestwich.

Late last month iSOFT unveiled losses of £343.8m and axed its dividend payment.

It said it would look to sell non-core assets, such as properties, and cut costs, including making at least 150 employees, redundant.



When this sort of thing happens its sort of makes talking about buildings rather trivial.
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Old September 12th, 2006, 12:53 AM   #24
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Its the London factor Sleepybaby, it's just up the M40 I think. You're right MCC shouldn't still be waffling on about BONY taking up residence at No1 Piccadilly, it's a little alarming we have'nt heard about more of the same.
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Old September 12th, 2006, 01:08 PM   #25
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If I lived in Manchester I'd be glad to see the back of 'the british enron' of software. Banbury can have 'em. In fact why stop at banbury, I'm sure there's an old north sea oil rig that can accomodate 50 staff!
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Old September 12th, 2006, 01:21 PM   #26
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I'm a little uneasy about these i-soft jokers. Sure its sad people are losing their jobs but they were happy to make hay whilst the sun shines and it seems they have ****ed up big style (with taxpayers money i may add).
They didnt deliver so they have paid for it. If they hadnt focussed on the job in hard and not on delivering profits and swanky offfices this might not have happened.
I think the comparision isnt ENRON but EDS who have consistently ****ed up major government software contracts (yet still get work somehow?)
BTW rolymap Banbury isnt any where near London. Its actually probably quicker to get to Birmingham than Lonodn to be honest
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Old September 12th, 2006, 09:51 PM   #27
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Trafford Park more popular than ever



TRAFFORD PARK: Increasing interest

BUSINESSES are lining up to take factory and warehouse space at Trafford Park, prompting new development and rising rents.

Phil Morley, associate director of industrial agency at Jones Lang LaSalle's Manchester office, explained: "Trafford Park has seen an increase in the quality of enquiries since the second quarter of 2006 and indications are that a large proportion of these will translate into completed transactions."

Morley says that Homebuy UK Ltd's recently agreed lease at Ashburton Point for 10 years at £5.25 per sq ft, proves the point, as does the imminent sale of Marshalls' scheme at Anaconda Alley at Trafford Park £85 per sq ft.

"During the past quarter, rental levels have generally remained fairly constant. However, where there has been new build speculative development, new headline rental levels have often been set.

Market

"For example, Easter Developments' Centenary Park Scheme has four buildings under offer at headline rentals of up to £5.75 sq ft on units ranging from 17,000 - 53,500 sq ft. This clearly indicates that the market is being dominated by smaller enquiries many of which are still for freehold premises," said Mr Morley.

Rob Taylor at Colliers CRE agrees that demand for freeholds and long-leaseholds is strong. "Chancerygate are completing their 25,000 sq ft scheme at Trafford Park in December but already one unit is under offer and more will follow. There's a real market for freeholds and long leaseholds - and prices are still rising, especially for smaller units," he said.

Kurt Mather, director of asset management for Brixton Estates, who own a large slice of Trafford Park, said: "Our recent acquisition of Circle South Industrial Estate at Wharfside Way demonstrated our commitment to this area, of the market and our on-going development plans which will expand our offering for the larger requirements."

Brixton are currently in the process of demolishing the former Carborundum site which will provide around 171,000 sq ft of new industrial and distribution units planned to be available in the third quarter of 2007.
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Old September 23rd, 2006, 01:04 AM   #28
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Looks like the trip to New York to entice large American(financial) corporations to relocate to Manchester wasn't a waste of time after all. Both Spinningfileds and Piccadilly Place will be in the running of course. Hopefully Spinningfileds will win. Allied were gutted at missing out on the BoNY. No1 Hardman Square.

Secret move on 1,000 jobs

A SECRET property project could bring up to 1,000 jobs to Manchester.

The massive relocation - code-named Project Pennsylvania - is believed to have started already.

Advisers on the hush-hush property deal, believed to involve a large American business, say they will draw up a shortlist of 15 potential sites for a new 125,000-sq ft building this week.

It is not yet clear whether the un-named occupier - who is already understood to have a small presence in the city - will choose a city-centre site, or head for business parks of south Manchester.

Market sources say the company concerned is also planning to consolidate a series of offices around the UK into Manchester.

Simon Reynolds, partner at GVA Grimley, said: "This is a major move for any organisation, and we are now sorting the long-list of potential sites.

"This is a genuine requirement with a number of push-factors behind it that mean its almost certain to happen."

Head office

The new head office is due to open by 2009.

The last top-secret relocation project resulted in a decision in spring 2005 by the Bank of New York to open a 90,000-sq ft office at No 1 Piccadilly Gardens.

The decision followed almost two years of confidential discussions.

However, earlier this year the bank decided it did not need the 18,000-sq ft top floor at the city centre block, and cut the amount of space the occupied to 74,000-sq ft.

Project Pennsylvania has become active as a number of government and professional firms hunt for new Manchester office space.
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Old September 23rd, 2006, 01:06 AM   #29
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£110m boost for science projects

AstraZeneca's David BrennanSCIENCE and innovation in the region has received a £110m double boost, to aid the fight against cancer and discover the origins of civilisation.

The investments by the pharmaceuticals giant AstraZeneca and the North West Development Agency have created hundreds of jobs.

AstraZeneca has poured more than £60m into a new facility at its massive Alderley Edge research and development hub, to help it bring new anti-cancer drugs to market quicker.

Chief executive David Brennan said: "Alderley Park is our largest centre for research and development and our number one goal is the discovery of new medicines that help improve the life of patients.

"This special investment underlines our commitment to research and development in the UK and here in the north west. Globally, we spend about £7.4m each working day on research and development across our 11 R&D centres in seven countries.

"Alderley Park is the largest facility within AstraZeneca's worldwide R&D network and our scientists have been responsible for significant advances in cancer therapy.

"This has resulted in huge benefits for patients throughout the world, as well as growth for the business."

Cheshire

Mr Brennan said that AstraZeneca had invested £450m in the giant Cheshire site, which employs more than 4,500 people, in the last four years.

"With the new investment comes an expectation and a responsibility. Alderley Park has, in the past, been very successful and I am sure it will continue to do so."

The new facility represents the company's largest-ever single UK investment. The new Cancer Research Area incorporates hi-tech laboratories for 265 scientists.

The official opening was conducted by Professor Dame Nancy Rothwell from the University of Manchester, who praised AZ's track record in innovation and its links with academia.

"This is a world-leading centre of excellence for scientific research," she said.

Meanwhile, more than £50m has been invested by the North West Regional Development Agency into the Daresbury Science and Innovation campus near Warrington. The centre, which will create more than 370 jobs, was officially opened by science minister Lord Sainsbury.

He also launched the Cockroft Institute - the National Centre for Accelerator Science - which will lead the way in designing the next generation of particle accelerators.

International efforts

This will help put the country at the forefront of international efforts to build machines to discover the mysteries of particle physics and recreate the earliest moments after the Big Bang.

Lord Sainsbury said: "This outstanding campus will help generate economic growth and jobs and support the government's drive to build and sustain world-leading knowledge-based companies.

Bryan Gray, chairman of the NWDA said: "The NWDA is delighted to support the development of world-class science infrastructure, which will attract major research and commercial operations to the north west making a significant contribution to the regional economy and creating a number of skilled jobs in the process."
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Old October 4th, 2006, 01:07 AM   #30
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Hi-tech growth for Manchester Momentum

A GROUP set up by Manchester University to help hi-tech businesses in the city accelerate their growth has held its inaugural meeting.

Manchester Momentum is aimed at companies based on the city's Science Park as well as those which have spun out of the university or are in its incubator.

Organisers say around 150 technology and biotech firms are eligible for membership.

They will receive support through access to training and staff development, assistance with recruitment campaigns and marketing, and with identifying funding opportunities.

In return, they will be asked to act as mentors to fledgling firms at the university and to researchers who are looking to commercialise their ideas.

Renovo

Among those which have pledged to join are biotech business Renovo, e-payment firm Sparta Technologies, Medeval, Kaiku, Transitive and SmartLife Technology.

Manchester Momentum is being led by Prof Rod Coombs, vice-president for innovation and economic development at the university.

He said: "We want to generate a supportive network among those businesses, to enable the sharing of knowledge and an exchange of expertise which will benefit the university and the businesses themselves."

Almost 70 companies were represented at the launch.
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Old October 4th, 2006, 01:15 AM   #31
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THE latest 43,000 sq ft phase at Manchester's Central Park is to be developed speculatively.

Ask:Akeler Developments, the joint venture company developing the 1.4m sq ft urban business park, has submitted a planning application for a speculative phase of office development.

Ask:Akeler, which was selected to develop the park on behalf of urban regeneration company New East Manchester (NEM), has put forward plans for five buildings, totalling 43,373 sq ft, set around a central landscaped courtyard.

The two and three-storey buildings will be prominently situated off the main estate road, and be particularly suitable for growing businesses looking to occupy premium offices with the facilities and benefits normally available only to larger occupiers on business parks.

Central Park will be the UK's first large-scale mixed-use urban business park, covering 450 acres. Initially, 90 acres are being developed, including office space totalling 1.4m sq ft.
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Old October 5th, 2006, 06:46 PM   #32
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City voted top spot for new operations

MANCHESTER is proving a magnet for business - more companies are planning to relocate to the city than any other in the UK over the next five years.

It is ranked in a report by real estate consultancy Cushman & Wakefield as the city which is doing the most to improve itself.

More than 200 senior directors across the country were asked to rank the UK's major cities according to factors such as office space, transport links, quality of life, access to markets and retail and leisure facilities.

Manchester is ranked third overall, behind London and Birmingham, in a league table of best business locations - but the report says it is set to rise to second, behind the capital, by 2011.

Quality of life

It won most votes as the place where companies are likely to establish new operations, ahead of Leeds and Edinburgh as well as London and Birmingham.

And the city came second for international and local transport links, available office space, retail and leisure amenities and liveliness. It fared less well on issues such as quality of life, parking, pollution and financial incentives.

Tony Bray, of Cushman & Wakefield's Manchester office, said: "Manchester is rapidly emerging as one of the leading business destinations, not only on a national scale but also on a European level. This growing trend is further evidenced by the number of international companies that are now choosing to set up offices here, including Bank of New York and Royal Bank of Scotland.

"We anticipate that Manchester is set to become a new headquarters location for many international blue-chip companies, and further enhance its European reputation."

Research for the UK Cities Monitor 2006 was carried out by Taylor Nelson Sofres.

Somebody is lieing.(scroll down thread)

http://www.skyscrapercity.com/showth...=397009&page=2
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Old October 21st, 2006, 02:19 PM   #33
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We're back in New York again. Some very interesting and positive comments made in the article. Looks like there's something bid brewing.

Allied are present again. Wonder what the new Allied brochure looks like? Perhaps it shows one of the three designs for No1 Hardman Square?

City is banking on New York



Sir Howard Bernstein (r) and Colin Sinclair in New York

BUSINESS leaders from Manchester have returned to The Big Apple in a fresh bid to woo new investment and jobs.

Led by city council chief executive Sir Howard Bernstein and Colin Sinclair, head of inward investment agency MIDAS, the delegation has been meeting key executives from major financial services companies.

The trip aims to build on a successful delegation last November, when around 70 top officials from public and private sector organisations in Manchester visited New York for a key networking event. Sir Howard said Manchester was now seen on Wall Street as a major business location.

He said last year's investment by the Bank of New York into Manchester was `vital' in promoting the city to decision-makers in other financial services companies.

"It's not a question of if we get another major financial services company, but when. These things have a long gestation period. The Bank of New York was on my desk for three-and-a-half years - there are no quick fixes," he said.

"I'm very confident and very pleased with the response we've had from the people we have seen. With the Bank of New York, we are able to demonstrate very clearly a very strong, viable complementary offer to London.

"The investment by the Bank of New York underlines the credibility of what we are saying. We have delivered everything to the bank we said we would in terms of lower overheads and a flexible, skilled workforce."

Commercial property heavweights Mike Ingall, of Allied London - the company behind the Spinningfields development - and David Partridge of Argent are a key part of the delegation, offering practical advice and knowledge to potential investors.

Mr Sinclair said: "Before we came here we had a full itinerary, but the phone has not stopped ringing with people asking to meet us, and we're not going to say no."

As well as chasing new business, MIDAS representatives are visiting US companies which already have a presence in Manchester, such as Manchester United sponsor AIG and Marsh.

Last year, MIDAS attracted £128.9m of investment to the area, which helped safeguard or help create 2,447 jobs.
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Old October 22nd, 2006, 04:44 PM   #34
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Similar article in today's Sunday Times

http://www.timesonline.co.uk/newspap...5215_1,00.html

Quote:
Manchester woos Wall Street

The city is hoping the next wave of outsourcing will head north not east, writes Dominic Rushe in New York

IT was a rainy night in Manhattan and Sir Howard Bernstein, Manchester’s city council chief, had been in constant meetings for two days.
Lack of time meant he had to cancel a trip to Brooklyn’s River Cafe, his favourite New York restaurant. Worse still, the avid Manchester City fan had to suffer silently as New Yorkers praised the football club’s arch-rival Manchester United.

“He’s not going to say it but [United] have really put Manchester on the map,” said one of his colleagues warily.

Even so, sitting in his second-choice restaurant, Bernstein seemed a happy man. He pointed to the crowds outside hunting for cabs on Union Square, once one of New York’s notorious crime spots and now a model of inner-city regeneration — a hub for shopping, eating and cinema-going.

“Not that long ago people thought it was all over for cities,” said Bernstein. “But in the past 10 years we have powerfully articulated the case for cities.”

Specifically, Bernstein was in New York to plug Manchester. He and Mike Ingall, chief executive of the Allied London property group, were targeting the big Wall Street firms that are looking to save money by outsourcing jobs overseas. Usually those jobs have gone to developing countries such as India. Bernstein and Ingall want them to come to the giant financial centre they are building in the heart of Manchester.

Outsourcing is a story Manchester knows well. The old Manchester, the “Cottonopolis” of the industrial revolution, had its textile industry destroyed by the products of cheap labour in countries like India, Taiwan and China. Later, white-collar back-office jobs made their way to Bangalore or Hyderabad. Now Manchester is taking on the likes of Mumbai to get those jobs back.

The city has been steadily regenerated over the past 10 years. Two failed Olympic bids did not dent Manchester’s ambitions, and under Bernstein the city secured the 2002 Commonwealth Games. They were a huge success and last month the city was centre-stage again, hosting the Labour party conference.

But financial services rather than sport or politics will be Manchester’s engine for growth in the coming years, Bernstein believes. His plan is to position Manchester as the European back office for British and American banks. The city has the fastest-growing financial-services sector in Britain, according to Bernstein. And it is challenging foreign cities for new business.

Manchester recently beat Bangalore for the Bank of New York’s business. The bank is bringing 750 new jobs and Ingall and Bernstein hope the move, from a traditional and conservative bank, may convince more of America’s captains of capitalism to settle in the place where Friedrich Engels’ communist ideas were shaped by his experience of the cotton mills.

In the next few years a slew of financial regulation is expected to increase the amount of back-office work that banks have to undertake in Europe. There are 42 new directives being foisted on the EU financial-services sector in the next three years.

Banks such as Goldman Sachs or Merrill Lynch are never going to give up their prestigious Wall Street or City of London addresses. But, Bernstein and Ingall hope, they may be convinced to ship the burdensome back-office work up north rather than out east.

Rents in the City are about £55 a square foot and in the West End they are close to £100. Rents in Manchester are about £25 a square foot. Rents and wages in India are far lower, but they are rising and there are other factors at play.

“How sustainable is it for people to ship off everything to Bangalore in the long term?” said Bernstein. He pointed to Powergen’s decision to move its call-centre operations back to Britain to improve customer relations.

“And if you look at the City of London or Wall Street, it’s obvious that financial and professional-services companies want to be close together,” he said.

At the heart of Bernstein and Ingall’s pitch to Wall Street is Spinningfields, Manchester’s developing financial centre. With the Bank of New York, Barclays, NatWest and Royal Bank of Scotland all occupying big offices in the city, it is becoming easier to convince competitors to follow suit.
Not so long ago Manchester was nowhere when it came to financial services, said Ingall. Now it is “over the bump”.

When completed, Spinningfields will have 220,000 square metres of office space, a further 23,226 square metres of shops, restaurants and bars, four new public squares and a new five-star hotel. The site is often referred to as Manchester’s answer to Canary Wharf.

Bernstein and Ingall said they had been given a warm reception on Wall Street. Ingall said the public/private partnership that the two have forged also helped. “I’ve done a lot of work in Leeds and Glasgow where they have tended to engage the private sector only when they need to,” he said. “That’s not the story here. It’s very much a partnership and that is something they respond well to.”

For Bernstein it’s the future for cities. “We have to be relevant,” he said. “This is part of a conversation. We want to listen to what people say and also to tell them what we think.

“You can go anywhere in Britain or Europe and pick up a city’s brochure. Everyone is the centre of the universe. What’s that mean? We have never gone for that. We’ve come to New York to work out what people want. There’s no open-top bus for us,” he said.

Then he was off into Union Square to find a cab.
Also, perhaps the wrong thread to mention it, but an article about Foster & Partners in Altrincham

http://www.timesonline.co.uk/newspap...415973,00.html
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Old October 24th, 2006, 12:09 PM   #35
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blossoms in Manchester

FAST-GROWING international hotel chain Golden Tulip is to move its UK development and finance headquarters to Manchester.

The decision comes two months after the group signed up for a new 135-bed hotel at Manchester Airport, signing lease with Manchester Airport Developments for a property near Junction Six of the M56.

Golden Tulip UK operates sites in Manchester, Glasgow, Gateshead, Portsmouth, Leeds and Dublin Airport, and is part of Golden Tulip Hotels, Inns & Resorts, an international group with over 500 properties worldwide.

The latest deal sees Golden Tulip head for Trafford Park. It has signed a three-year lease with Manchester property developer MDA to take over 3,500 sq ft of office space at West Point Enterprise Park in Trafford Park.

Peter Roberts, chief executive of Golden Tulip UK, said: "After considering several developments in south Manchester, we decided West Point was perfectly situated to help us oversee our business interests in the region.

"With big expansion plans underway in the north west, we needed a base to centralise operations with good access to the rest of the UK."

MDA director Mark Evans said: "Attracting such a high-profile business to West Point is a great coup and we're naturally delighted.

"Office take-up in Trafford Park has moved up a gear in recent months, outstripping demand in many prime city centre locations. We're now enjoying 100 per cent occupancy at West Point as reasonable rents, great access links and good amenities lure more businesses out of the city."

Manchester is a target for hotel operators, attracted by high occupancy figures compared with other cities in the UK.

Leisure industry experts are predicting that yet more budget hotels will be built in Manchester, as the city's hotel development boom shows no sign of slowing.
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Old November 28th, 2006, 12:19 AM   #36
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From the Manchester City Council website:

23 November 2006

New strategic alliance for world-class partners

Manchester and Microsoft today signed a world-first strategic alliance.

The city and the world-leading company unveiled an agreement of shared aims to help the people of Manchester continue to build a prosperous, inclusive and competitive economy and society.

The unique partnership is the first such agreement between a city and a technology company, and follows in-depth scrutiny of the city by 10 senior Microsoft executives.

Microsoft are this week the main sponsors of Manchester’s three-day Eurocities conference, with 500 delegates from more than 100 European cities examining Manchester’s knowledge economy.

Leader of Manchester City Council Sir Richard Leese and Head of Local and Regional Government, Microsoft UK Nigel Bates today started the process of agreeing processes and outcomes for joined-up working in initially three areas:

education, with Microsoft supporting Manchester's £150 million Academies programme
digital development, with Microsoft supporting Manchester's digital strategy and £3 million Digital Challenge bid
and

global leading cities, with Manchester leading Microsoft's vision to establish a united group of innovative and forward-thinking major conurbations.
Central to the partnership are the opportunities being created by the knowledge economy and the need to create knowledge communities so that everyone can have access to and benefit from these opportunities and, in so doing, create a sustainable knowledge society. This is the underlying ambition for the partnership.

Sir Richard said: "Manchester is renowned for its vitality and innovation, and for constantly seeking challenges to bring benefits to its communities. For us, Microsoft is the perfect partner to advance with into the 21st Century and to explore new and exciting ways to help all our communities, whether they live, work, do business or enjoy themselves in our city.

“Manchester is famous as the birthplace of the first stored programme computer “The Baby” so it’s fitting for us to have a world-leading strategic technology partner in Microsoft to take forward our communities.”

Nigel Bates said: "Today, society is using technology in ways we did not predict. IT is enabling individuals to express themselves, it is changing the way we work and live, giving citizens more power.

“Forward thinking communities use technology to enable real and lasting transformation. Manchester has understood this and has an exciting vision to create a dynamic digital economy and a digitally inclusive city which supports an enhanced quality of life for everyone who lives, works and studies there.

“We are very proud to be part of this ground breaking partnership and are sure that this will help cement Manchester’s place as a leading global city.”

Media contacts
Janine Watson, Manchester City Council, tel: 0161 234 3337 (mob: 07771 833 547)
Ian Twine, Microsoft 07967 586796
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Old December 5th, 2006, 07:33 PM   #37
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Fresh jobs hope from Wall Street


THE multi-billion dollar merger of Wall Street giants The Bank of New York and Mellon Financial Corp, will spark new jobs and investment into Manchester.

Colin Sinclair, chief executive of MIDAS, the inward investment agency for Greater Manchester, said the deal, which creates the world's largest securities servicing and asset management company, was "very good news for the north west".

"The Bank of New York has been in Manchester for a year now, and is growing from 350 people to 700-plus staff. They are immensely pleased with their growth centre here and are bringing new skills and jobs to the city.

"Major corporate deals such as this are all about cost savings and when companies are looking to do this Manchester has proved it is the ideal location."

Mr Sinclair said it was particularly important that the Bank of New York had begun to locate its securities servicing business in Manchester.

Significant

"This is very significant as it is a new addition to the financial services landscape in the region, and means that the city is well-placed in the future."

Securities servicing involves the management of assets on behalf of clients such as major pension funds, insurance companies, investment managers, brokers, corporations and central banks.

The marriage of Bank of New York with Mellon will create a business with a market value of more than $40 billion (£20bn).

It will be the 11th largest financial services business in the US and will be renamed The Bank of New York Mellon Corp when the deal is completed late next year. Around 3,900 jobs are expected to be lost from the combined workforce of 40,000, in three years to 2010, the banks said.

The Bank decided to locate in Manchester one year ago because of the city's ability to support its growth including a strong transport infrastructure, and the available pool of educated potential employees.

The Bank's positive experience in Manchester is being used as a key tool in selling the city to would be investors in the financial services sector. Mr Sinclair and city council chief Sir Howard Bernstein met Wall Street-based decision makers in New York recently.
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Old December 16th, 2006, 12:09 AM   #38
neil
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From the Manchester City Council website:

15 December 2006

Manchester is planning to secure 125,000 new jobs in key growth sectors in the city centre over the next 10 years, according to a report published today.

The city centre could provide new offices for a number of international financial and professional institutions.

Work is also underway in partnership with landowners to extend the success of the Spinningfields development towards Quay Street, and to strengthen the alignment of developments along the Oxford Road Corridor.

The report by City Council Chief Executive Sir Howard Bernstein is due to be considered by Manchester City Council’s top-level Executive on Wednesday December 20.

Sir Howard says: "The regeneration and renaissance of the city centre has brought wide-ranging benefits to the Manchester city region.

"Crucial components of our success have been our partnerships and the high quality levels of new buildings, master planning and occupiers. It is this level of quality that has distinguished Manchester from its local, regional, national and international competitors."

The report identifies key drivers for economic growth as financial professional and business services, ICT, life sciences, research and development, health and media and creative industries.

The Oxford Road Corridor alone - with the universities, hospitals and close proximity to Southern Gateway – is expected to see £1.5 billion of capital investment over the next five years.

Quay Street is a major opportunity to create a commercial and residential quarter, with a gateway from the South West and exploit the maximum advantage of the River Irwell.

Spinningfields will be completed by 2010 and will secure £650 million of private investment and 10,000 new jobs.

And major improvements are expected around Network Rail and city centre transport initiatives.

Chair of Manchester’s Executive Sir Richard Leese said: "We are determined that the City will achieve the best possible results over the next 10 years in terms of economic, employment and regeneration developments.

"This report highlights the potential of some of Manchester’s major opportunities. We need to ensure we have the diversified and quality product which will draw in investors and occupiers, bringing improvements for everyone who lives and works in Manchester."

Media contact:
Janine Watson, tel 0161 234 3337
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Old December 16th, 2006, 01:29 PM   #39
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As a measure of the success of Manchester's economy, it would seem (I'm still looking into the stats) that there are currently about 300 houses on the market with asking prices in excess of £1m, within the city region - say within 15 miles of the M1 post code.

This figure is way ahead of any other major UK city outside London, some of which are hardly worthy of comparison.

I was saving this for a new thread on City Talk and will probably post there later. Should get some nice juicy responses from certain quarters - 'Yorkshire Golden Triangle' my arse....
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Old December 16th, 2006, 04:54 PM   #40
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do you have a source for those figures ric?

Would like to see the figures for the other cities - gives a good indication of the ability of each area to deliver vry well paid jobs (which suggests a good level of decent job oppurtunities n an area I'd suggest).
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