Team comprising Carillion, Argent and the Greater Manchester Pension Fund emerges as frontrunner for Airport City project

A consortium including Carillion and Argent has emerged as favourite in the race for the £650 Manchester Airport City project.

According to Manchester Evening News, a consortium comprising contractor Carillion, developer Argent and the Greater Manchester Pension Fund is the front-runner in the race to form the joint-venture that will develop the £650m Airport City scheme.

Manchester Airports Group appointed property advisers CBRE to run the tender process to find investment and development partners for Airport City in December.

The Airport City Manchester development will include offices, industrial units, hotels, retail and leisure facilities.

There will also be a 13 acre park, surrounded by a “downtown” district of distinctive new buildings.

A Manchester Airport Group spokesman said that no final decisions had been made about the joint venture partner.

The spokesman said: m“We are pleased with the level of interest shown to date by a number of parties in relation to the Airport City Project at Manchester Airport; as a number of bids have come from a range of international developers and funders.”