Cushman & Wakefield appointed as agent for mediacity:uk

11 Aug, 2007, Salford, UK

Peel Media has appointed international property agent Cushman & Wakefield to assist in the development and promotion of mediacity:uk to potential occupiers.

Cushman & Wakefield is the world’s largest privately held real estate services firm and transacted over 10 million sq ft of office space across Europe last year.

Work is already underway onsite at Salford Quays to transform 200 acres of former dockland into an internationally significant creative industries community. The mediacity:uk development will be home not only to the BBC and other leading broadcasters but the full range of media and creative organisations, as well as new retail, leisure and residential space.

Phase 1 of the development comprises 500,035 sq ft office buildings, broadcast studios (224,400 sq ft), post production facilities (40,000 sq ft) a 206 bed 3 star hotel and 371 apartments, due for completion in 2011.

Ed Burrows, Property Director of Peel said: “Peel has appointed Cushman & Wakefield as International Property Agent for mediacity:uk. The scale and reach of this development makes it one of the most significant instructions in the Country. We are focusing initially on ensuring that the mediacity:uk offering is the number one choice for the whole of the media industry and believe that Cushman & Wakefield’s international expertise is ideally suited to assisting the team create the best environment to attract a range of media and creative industries.”

Tony Bray, Head of North West Business Space, Cushman & Wakefield said: "mediacity:uk will be one of the most important commercial-led developments in the UK in the next decade. Both its scale and focus on the technology, media and telecoms sector mean it will provide a world class business environment for both national and global firms. We will be levering Cushman & Wakefield's global platform to attract world renowned tenants to complement the BBC and we are extremely pleased to be able to work on a project which will impact significantly on the economy of the North West."

Ends

Once complete, mediacity:uk will deliver over £200 million in additional net value added each year. It will attract private investment of over £300m in the first phase alone, provide space for an estimated 1,150 media, creative and related businesses and provide employment opportunities for 15,500 people.

Images are available to download from: www.mediacityuk.co.uk

Cushman & Wakefield transacted over 10 million sq ft of office space across Europe last year and was voted European Office Agency Team of the Year for 2006 by Property Week magazine.

Cushman & Wakefield is the world’s largest privately held real estate services firm. Founded in 1917, the firm has 201 offices in 55 countries around the globe, and more than 12,000 talented professionals. Cushman & Wakefield delivers integrated solutions by actively advising, implementing and managing on behalf of landlords, tenants, and investors through every stage of the real estate process. These solutions include helping clients to buy, sell, finance, lease, and manage assets. C&W also provides valuation advice, strategic planning and research, portfolio analysis, and site selection and space location assistance, among many other advisory services. To find out more about Cushman & Wakefield, please visit the firm’s web site at www.cushmanwakefield.com.

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