ao link
Twitter
Facebook
Linked In
Twitter
Facebook
Linked In

You are viewing 1 of your 1 free articles

Far East developer picks three associations to deliver homes on 15,000-home development

Hong Kong-based developer Far East Consortium (FEC) has selected three housing associations to help deliver 800 new affordable homes as part of its new 15,000-home Northern Gateway project in Manchester.

Linked InTwitterFacebookeCard
The landlords will help FEC deliver homes in Manchester (picture: Getty)
The landlords will help FEC deliver homes in Manchester (picture: Getty)
Sharelines

Three housing associations have been picked as the preferred affordable housing delivery partners for a major 15,000-homes development in Manchester #UKhousing

The Guinness Partnership, Great Places Housing Group and Trafford Housing Trust, which is now owned by L&Q, have all been confirmed as preferred partners on the framework to deliver homes on the site over the next 10 years.

The Northern Gateway scheme is a joint venture between FEC and Manchester City Council and aims to deliver 15,000 new homes across the North of the city in the next two decades.

The development is divided into phases and neighbourhoods, with the Red Bank neighbourhood first to be progressed. The three associations will assist with the delivery of homes at Red Bank.


READ MORE

Far East developer seeks association to deliver over 800 affordable homes for huge Manchester schemeFar East developer seeks association to deliver over 800 affordable homes for huge Manchester scheme
Former Homes England chair appointed to Ebbsfleet Development CorporationFormer Homes England chair appointed to Ebbsfleet Development Corporation
Manchester City Council set to confirm plan to shut ALMOManchester City Council set to confirm plan to shut ALMO
TfL given green light for largest residential development to dateTfL given green light for largest residential development to date

Red Bank, which is adjacent to Manchester’s Victoria Station, will see roughly 5,500 homes delivered, alongside infrastructure supported by the government’s Housing Infrastructure Fund (HIF).

This part of the project will require the partners to deliver 634 affordable homes, with 32 for shared ownership. Red Bank is described by the joint venture as the “biggest affordable housing project outside of London”.

The decision to pick the three panel members comes after FEC called on housing associations to bid to become one of their partners in September last year.

FEC said it had a strong response to this procurement and after a thorough selection process, chose the three associations because they showed a particular alignment with developer’s values and aspirations for Red Bank. Subject to an agreement, the panel will run for a minimum three-year period, with an option to trigger a further three-year period for the completion of Red Bank.

FEC is an international developer and has offices in the UK, US, Australia and across South East Asia. It has developed a handful of major mixed-use schemes in the UK, including the £235m Meadowside scheme in central Manchester and the 435-home Consort Place development in Canary Wharf, London.

Hilary Brett-Parr, project director at FEC, said: “The quality of bids received were outstanding and we are grateful to all organisations that took part in the process.

“Our three panel members will each be able to bring something extra to the table from their experiences across the UK and their input will be invaluable in helping to shape our proposals for a new mixed community in Red Bank. We are keen to get started with our new partners on board and hope to be announcing further progress in Red Bank over the coming months.”

Sign up for our development and finance newsletter

Sign up for our development and finance newsletter
Linked InTwitterFacebookeCard
Add New Comment
You must be logged in to comment.