Asian investment to build 10,000 new homes in Manchester

May 2, 2017 / Isla MacFarlane
Asian investment to build 10,000 new homes in Manchester

Hong Kong’s Far East Consortium International Limited has struck a deal with Manchester City Council to deliver the ‘Northern Gateway’, which is the latest and arguably the largest residential opportunity for transformational change ever undertaken in Manchester.

This investment partnership will deliver up to 10,000 new homes over the next decade. The over-arching vision of this project is to create a series of distinct yet clearly connected communities that make the most of the area’s natural resources, including the River Irk and its prime location close to the city centre.

FEC’s involvement is expected to generate more than £1bn of investment over the next decade and will unlock the residential development potential of more than 300 acres of land, sweeping north from Victoria Station and taking in the neighbourhoods of New Cross, the Lower Irk Valley and Collyhurst.

FEC will be making a big statement with the Northern Gateway development which will provide the group with a long-term pipeline within the UK and signal the FEC’s expansion into the UK market.

Chris Hoong, Managing Director of FEC, said, “The Northern Gateway is an exciting project for FEC and it is indeed a great honour to share our expertise, experience and determination with the Manchester City Council. Our Manchester team on the ground will work with local advisors and contractors to deliver a fully supported Northern Gateway to help bring about a new international experience to this marvellous city.”

David Chiu, Chairman of FEC, added, “Manchester is the third-most visited city in the UK and is famed for its architecture, culture, musical exports and media links along with an impressive heritage of scientific and engineering innovations. I myself have been in the city many times and am of the belief this project is a top priority for FEC in the UK.

“Manchester City Council market data shows the demand for new homes in the Manchester city centre will continue to exceed supply. Manchester is a place where people from all walks of life want to stay and where families thrive.”

The WhatHouse? New Homes Debate will be held in Manchester for the first time this year. Held on 10 May, The WhatHouse? New Homes Debate is a morning of lively, interactive panel discussions with senior property industry figures, local leaders and regional influencers.

Chaired by Lord Hague, the key housing issues affecting Manchester and the wider north-west and Northern Powerhouse will be debated in front of an invited audience.

Is this event for you?

The morning event at Old Trafford is for senior professionals within the housebuilding industry. The event is completely free, all you have to do is register your interest and a member of the WhatHouse? and Show House magazine teams will be in contact to confirm your place.

For event sponsorship details please contact:

Stewart Black: Tel: 020-7940-1070

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