Real estate developer and investor Scarborough International Properties has applied for phase three of the Middlewood Locks development, with planning consent for 189 new homes in Manchester.
The residential and commercial neighbourhood is at the western gateway to Manchester’s Central Business District.
Middlewood Locks is a joint venture between Scarborough, Hualing Group, based in Urumqui, Xinjiang, in China and Metro Holdings Limited, a Singapore-listed property development and investment group.
Paul Kelly, development director of Scarborough, said: “This is the next step in creating a reality of our vision for Middlewood Locks.
“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 people come first”.
Once completed the 25-acre Middlewood Locks development will provide a total of 2,215 new homes and 900,000 sq ft of commercial space, including offices, hotel, shops, restaurants, a convenience store and gym.
With landscaped areas of green public space, the scheme is being developed around three large basins of the Manchester, Bolton and Bury Canal which connect to the River Irwell and is a short walk from the central business district and retail amenities of Manchester city centre.
Overall, the site has a gross development value of more than £700m and is expected to create more than 7,000 jobs for the area.
This post has originally been featured in Property Wire.