Plans Submitted for £700 Million Development in Manchester’s Business District

//Plans Submitted for £700 Million Development in Manchester’s Business District

Plans Submitted for £700 Million Development in Manchester’s Business District

Real estate developer and investor Scarborough International Properties have applied for planning consent to Salford City Council for 189 new homes. Subject to planning consent, the construction is due to commence in early 2021, with completion expected in the summer of 2023. Founded in 1980, Scarborough International Properties has grown from a UK real estate developer into a ‘global player which today has real estate, retail, energy and leisure interests in the UK, Central Europe, North America, Australia, India, China and Hong Kong.’ Seeing the company add Manchester to their extensive portfolio demonstrates that they see immense potential in the city which means great things for property jobs in Manchester and Manchester’s property scene in general.

The new planning proposal submitted acts as the third phase of the 25-acre Middlewood Locks development which is a new residential and commercial neighbourhood near Manchester’s central business district. This stage of the projected will be designed by Whittam Cox Architects, a RIBA top 100 industry ranked design-led architectural practice with a 45-year heritage based in Chesterfield. The designs include 176 new one-to-three-bedroom apartments within two blocks on the northern side of the canal. There will also be 13 canal side two-to-four-bedroom townhouses and most homes will have their own private outdoor space in the form of a balcony, terrace, garden and a communal podium garden. The scheme will also have 5,150 sq ft of ground-floor commercial and retail space as well as an additional 4,970 sq ft of office space.

The Middlewood Locks scheme is owned between Scarborough International Properties, Hualing Group based in China and Metro Holdings Limited, a Singapore based property development and investment group. The continual investment from overseas demonstrates how Manchester is now a major player in the international property market and once completed Middlewood Locks will be yet another asset to the city centre. The scheme will eventually provide a total of 2,215 new homes and 900,000 sq ft of commercial space made up of offices, a hotel, restaurants, retail space and a gym and is expected to create over 7,000 new jobs.

Development Director at Scarborough International Properties, Paul Kelly, states that ‘this is the next step in creating a reality of our vision to Middlewood Locks.’ He also went on to state that ‘this development is providing much needed homes and will provide quality office space capable of attracting major organisations, alongside further retail and leisure space, all in an environment that recognises that people come first.’

Sales and Marketing Director at Scarborough International Properties, Nicola Wallis, also added that ‘we are very excited to be submitting plans for the next phase of homes, which will incorporate three-storey canal side townhouses, along with a great mix of apartments across two buildings’ and that ‘we have seen increase in demand for family homes and also from people wanting to downsize at Middlewood Locks, so it’s important that the homes in phase three will cater for this market too.’

Phase three of the Middlewood Locks project will be an exciting addition to an already important asset to Manchester’s housing and commercial spaces. It offers a variety of properties to fit a variety of needs from families to young professionals and its extensive office space will facilitate the continued evolution of Manchester’s success.

Written by Rachael Gray.

Rachael Gray is a Director at Clifton Gray specialist property recruitment company. Follow Rachael on linkedin or email to discuss current Liverpool and Manchester property jobs, or to find out how Clifton Gray can secure the best talent for your property business.

2020-06-01T08:53:02+00:00 News|