Council bosses in Manchester have signed a new deal with far eastern investors for ten thousand new homes to be built over the next decade. This £1 billion of investment will see a string of new neighbourhoods stretching out north from the city across largely disused land around Angel Meadows, Collyhurst, New Cross and the Lower Irk Valley.
Developers Far Eastern Consortium International have been selected as the council’s partners for the ‘Northern Gateway’ project.
Manchester council leader Sir Richard Leese, said : “This investment partnership will allow the city core to expand and provide the right mix of high quality housing in well planned new areas to support our continued strong economic growth. The northern gateway area has the potential to be a new type of neighbourhood unlike any other in the city and we are very impressed with the understanding and shared vision that FEC bring to the partnership.”