Slaughter and May is advising the Greater Manchester Pension Fund on its interests in the MIX MANCHESTER joint venture

Slaughter and May is advising the Greater Manchester Pension Fund on the restructuring of the joint venture partnership behind MIX MANCHESTER. The Greater Manchester Pension Fund has increased its share in the project from 10% to 30% and Manchester City Council has taken a new 30% stake. These changes follow Columbia Threadneedle Investments’ decision to relinquish its 50% shareholding in the 2 million sq. ft. science and innovation campus next to Manchester Airport. Manchester City Council’s Executive Committee approved the Strategic Regeneration Framework for MIX MANCHESTER in November 2024, after an extensive public consultation with local residents, community groups, councillors and stakeholders. When completed, the development will be the UK’s only campus of its kind located next to an international airport, offering unparalleled connectivity for global collaboration and creating up to 8,000 employment opportunities.