Newspaper article Manchester Evening News

Wraps Taken off the Middlewood Locks Project ; Scheme in Salford Has Been Dubbed the Largest Regeneration Scheme outside of London

Newspaper article Manchester Evening News

Wraps Taken off the Middlewood Locks Project ; Scheme in Salford Has Been Dubbed the Largest Regeneration Scheme outside of London

Article excerpt

LANS for the first phase of development at Middlewood PLocks have been officially launched.

They include the building of 550 homes, 29,000 sq ft of commercial space, as well as canal side footpaths and cycle ways.

Work could start on what is thought to be the biggest regeneration site on the edge of a city centre outside London as early as January 2016.

When finished, the 24-acre brownfield site in Salford will have around 2,000 homes and 750,000 sq ft of retail, leisure and commercial property.

Bosses behind the scheme yesterday said there is enough room for a 180-room hotel or two smaller ones, and that hotel outfits are showing a lot of interest.

Developer FairBriar International was given the go-ahead to develop Middlewood Locks in March this year. They have now said the site will be valued at Pounds 700m once built, compared with the Pounds 575m value put on it just weeks ago. FairBriar International is a joint venture between the McCabe family's Scarborough Group International, Top Spring International Holdings Limited, a Hong Konglisted real estate developer in the People's Republic of China, and Metro Holdings Limited, a Singaporelisted property development and investment group.

Speaking at a launch event in front of property experts at Middlewood Locks, Lee Savage, development director of Scarborough, said: "This project is regionally significant. We think it's the biggest regeneration site on the edge of a city centre outside London.

"It will offer temporary jobs for the construction phase but lots of permanent jobs in the office, retail and leisure, which is very important for the economy as well as being socially important for the area.

There will be a convenience store, restaurants, cafes and maybe a bar or two, but we don't see it as a major retail and leisure destination. …

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