Manchester Place the collaboration between Manchester City Council and the Homes and Communities Agency (HCA) is looking for a long-term private sector investment partner
The opportunity relates to the residential-led regeneration package across the city’s “Northern Gateway”.
The Northern Gateway – the area extending in a north eastern arc from Victoria Station – includes the neighbourhoods of NOMA, the Lower Irk Valley, New Cross and Collyhurst, covering an area of approximately 150 hectares.
It is estimated that the neighbourhoods could support up to 7,000 new homes in the next 10 to 15 year period.
The Northern Gateway’s history of de-industrialisation – followed by disappearing economic uses – means the land is substantially under-utilised. The vision set out in the master plans for the neighbourhoods is to create a series of distinctive and interconnected communities, that are supported by high quality facilities and green spaces with excellent walking, cycling and public transport link to the city centre nearby.
The scale of the development area would require a long-term private investor that can innovate and deliver different residential products, with sufficient financial capacity to invest heavily up-front and take a longer term view on financial return.
The first phase of the Northern Gateway project will focus on the site identified around Angel Meadow (NOMA), working closely with the Co-operative Group in the coming months to find a developer and investment partner.
The Lower Irk Valley, New Cross and Collyhurst will follow in a later phase of delivery – with recognition that these areas are already receiving early stage remodelling and the ambition is to tailor planned development for these areas with little delay.
Cllr Bernard Priest, Deputy Leader of Manchester City Council, said: “The Northern Gateway provides the means to expand the City Centre northwards, connecting the neighbourhoods of New Cross, Lower Irk Valley and Collyhurst to the core of the city to deliver a diverse range of new homes that will meet the needs of a growing population.”
“Manchester is growing quickly and we need to plan now to make sure we have the homes and neighbourhoods that Manchester’s growing workforce can live and if they choose to, raise a family.”
