MANCHESTER Life Development Company - the joint venture between Manchester City Council and Manchester City FC owners the Abu Dhabi United Group - have received planning approval for the first two of six Phase One development sites.
Manchester Life is another chapter in East Manchester's regeneration story
By mid-2017, Manchester Life will develop 302 one, two and three bedroom private rental apartments on Union Street in New Islington, and 124 one, two and three bedroom apartments for sale in the Grade II-listed Murrays' Mills in Ancoats.
In total the initiative will see up to £1bn invested in the regeneration of East Manchester over the next ten years. It is hoped the partnership will kick-start the development of more than 6000 properties.
Phase One of the scheme - announced in June 2014 - will provide more than 900 predominantly privately rented homes in Ancoats and New Islington.
Sir Richard Leese, leader of Manchester City Council, said: "Manchester Life is another chapter in East Manchester's regeneration story which began in the 1990s and was accelerated by the Commonwealth Games and Abu Dhabi United Group's investment in the Etihad campus.
"These will be quality homes which will help transform the eastern edge of the city centre and make a major contribution to Manchester's continuing growth. I'm pleased that this strategically significant project is making such strong progress."
Marty Edelman, Executive Chairman of Manchester Life Development Company, commented:
"The approved plans for these schemes are the result of a year of development and consultations with the local community and regulatory authorities. As such they represent an important milestone in the emergence of Ancoats and New Islington as vibrant neighbourhoods. We are committed to ensuring that these first two developments set new standards for residential apartments in Manchester."
Work is set to start this autumn.
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