Manchester Airports Group has announced an 800 million pound ($1.28 billion) real estate development deal with Beijing Construction Engineering Group International Co Ltd and two other companies.

The Airport City Project will see the construction of offices, hotels, warehouses and sites for advanced manufacturing and logistics covering an area of 418,000 square meters near the third-busiest airport in the United Kingdom.

The project is located in the Enterprise Zone, which the government has designated as an area for business development centering on the airport. Government sources say the international business attracted to the site will contribute 16,000 jobs in the northwest of England.