A 500,000 sq ft mixed-use development has been proposed for an area around Oxford Road railway station in Manchester, with property agent DTZ appointed to find a development partner.

The development plot covers a triangular site between the railway line, Oxford Street and Whitworth Street and encompasses the Cornerhouse cinema which is moving to the nearby First Street development.

Ken Bishop, DTZ senior director, said: "We are seeking a development partner with a proven track record in city centre regeneration, preferably with experience in development adjacent to an operational railway line. This opportunity has great potential to make a significant intervention and contribution to the regeneration of this part of the regional centre."

Oxford Road is Manchester's second busiest railway station and DTZ intend create a mixed-use destination including offices, hotel and residential buildings.