Manchester opens doors to $2.3 billion science and tech innovation district [Yahoo! Finance]
LEGAL&GENL GRP PLC S/ADR (LGGNY)
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Source: Yahoo! Finance
1.7 billion pound ($2.3 billion) hub for science and technology companies, part of a large-scale project driven by university and private sector investors. The 'Sister' innovation district on the University of Manchester's former city centre North Campus envisages 2 million square feet (186,000 square metres) of commercial space and 1,500 new homes, and aims to boost the city's status as a science and technology centre. University cities like Oxford, Cambridge and Manchester have been creating environments where investors can be on hand to partner with startup companies, a trend Britain's new Labour government wants to continue to attract more private investment to help upgrade the country's public services and infrastructure. The 15-year project Sister project is a joint venture between the University of Manchester and Bruntwood SciTech, a development company owned by property firm Bruntwood, Legal and General and the Greater Manchester Pension Fund, and will see a total invest
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