Countdown To £1B Northern Gateway Begins
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Consultation has begun on the draft framework that will inform development of the £1B Northern Gateway, a residential-led regeneration project to build 15,000 homes north of Manchester city centre over the next two decades.
The consultation opens the prospect of a rapid start on-site for one of the largest regeneration projects in the U.K., a partnership between Manchester City Council and development partners Far East Consortium.
The project will transform north Manchester from Angel Meadows to Queens Park, including Collyhurst, New Cross and the Lower Irk Valley. The consultation ends on 6 September, with formal council approval following later in the autumn.
“FEC is genuinely proud of its proposals and its shared vision with the city council to deliver a once-in-a-lifetime transformation of north Manchester," FEC Project Director Tom Fenton said.
For Far East Consortium, the Hong Kong-listed developer with a £4.8B portfolio and commercial ventures operating across Mainland China, Hong Kong, Singapore, Malaysia, Australia and New Zealand, the Northern Gateway represents a major push into the U.K. market.
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