One of the world’s leading online beauty and wellbeing businesses, The Hut Group (THG), and Stoford Developments have broken ground on ICON.
The ICON development located at Manchester Airport is an 11.6-acre logistics and global content creation studio, and one of Europe’s largest logistics facilities totalling 168,000 sq ft.
Matthew Moulding, Founder and Chief Executive Officer of THG, comments: “Today marks the start of an exciting next step for THG as we continue to expand the Group’s creative content production and logistics capabilities in Manchester. We have experienced staggering global growth over the last few years, but our Northern roots are still incredibly important to us, which is why we are building ICON and our new HQ here. These facilities will bring thousands of additional jobs to the region and will help transform the area surrounding Manchester Airport into a hub for employment and creativity.”
Icon Manchester Airport will also provide an additional 104,000 sq ft of office space over four floors, and house up to 2,000 people.
The joint venture partnership of TPG Real Estate and Stoford Developments is delivering icon Manchester Aiport.
Dan Gallagher, Joint Managing Director of Stoford Developments, said: “It’s always exciting to begin work on site and ICON is no exception. We will deliver a highly specified Grade A warehouse/logistics and office development for THG, which will enable it to access its global market, thanks to the superb strategic location of Icon Manchester Airport. THG choosing Icon Manchester for their new logistics and content creation studio is of significant importance to Manchester and the scheme, adding to the scheme’s already very strong list of tenants.”
Within the next 12 months, THG will also be breaking ground on ‘THQ’, the company’s new 16.8-acre landmark business campus.
Built over four phases; Phase one will comprise office buildings totalling 280,000 sq ft, while an option agreement has been reached between THG and Airport City Manchester for phases two, three and four of the business campus.
THQ will support up to 10,000 jobs and represents the UK’s largest bespoke office development outside London.
Sir Richard Leese, Leader of Manchester City Council, said: “This is big news for Manchester and the development of Airport City. We are thrilled to have an international company of THG’s significance based in Airport City, generating jobs and investment.”
Featured Image: (L-R) Michael Wall, Winvic; Naim Basha, Winvic; Dan Gallagher, Stoford Developments; Sir Richard Leese, Manchester City Council; Matthew Moulding, The Hut Group; Angus Huntley, Stoford Developments; Danny, Nelson, Winvic.