Manchester Place seeks private investor for Northern Gateway

Manchester Place, a collaborative effort between the Homes and Communities Agency (HCA) and Manchester City Council, is actively seeking a long-term investment partner to deliver a regeneration project across the city’s Northern Gateway zone.

The organisation is now looking for an investor from the private sector to bring the primarily residential scheme to fruition.

It has been estimated that the Northern Gateway, which extends in a northeastern arc from Manchester Victoria Station and covers around 150 hectares, could accommodate up to 7,000 new homes in the next 10-15 years.

Deborah McLaughlin, Manchester Place’s chief executive, said: “The Northern Gateway represents a huge opportunity to work with investors and developers to create unique and attractive neighbourhoods with exceptional facilities, close to city centre employment opportunities.”

De-industrialisation in the Northern Gateway has led to the land being underutilised, according to Manchester Place. Now, plans for the area include interconnected communities and green spaces with walking and cycling access, along with public transport links to the city centre.

Due to the scale of the development, a long-term private investor with sufficient financial capacity is required. The project’s initial phase will focus on a site identified around Angel Meadow.

Cllr Bernard Priest, Manchester City Council’s deputy leader, 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.”