Millennium
Well-Known Member
http://www.manchestereveningnews.co.uk/business/manchester-city-etihad-stadium-adug-7313788
ore than 6,000 new homes are to set to be built in once rundown parts of Manchester thanks to a £1bn deal with Manchester City’s Middle East owners
ore than 6,000 new homes are to set to be built in once rundown parts of Manchester thanks to a £1bn deal with City’s Middle East owners.
Manchester council today announced the 10-year agreement with the Abu Dhabi United Group, with the two parties forming a partnership dubbed ‘Manchester Life.’
The first phase will see more than 830 privately rented homes built in the Ancoats and New Islington areas of east Manchester, near to City’s Etihad Stadium.
Work is set to start on that stage of the masterplan next year.
Manchester council leader Sir Richard Leese said: “Today’s announcement adds another commercial dimension to the already significant investment made by Manchester council and ADUG in east Manchester, and in doing so progresses the regeneration story which began in the 1990’s and was accelerated by the 2002 Commonwealth Games and ADUG’s recent development of the Etihad Campus.
COMMENT: Why investment is a huge deal for Manchester
“The planned transformation of the eastern edge of the City Centre is the single biggest residential investment Manchester has seen for a generation.
“Building thousands of quality new homes will be a fundamental part of our growth story and will deliver significant socioeconomic impact. We look forward to working with Abu Dhabi United Group to create a world class exemplar of regeneration.”
ADUG and Manchester council will form the Manchester Life Development Company to oversee the 10-year project, which will see up to £1bn ploughed into the building of new homes on the ‘eastern fringe’ of the city.
ore than 6,000 new homes are to set to be built in once rundown parts of Manchester thanks to a £1bn deal with Manchester City’s Middle East owners
ore than 6,000 new homes are to set to be built in once rundown parts of Manchester thanks to a £1bn deal with City’s Middle East owners.
Manchester council today announced the 10-year agreement with the Abu Dhabi United Group, with the two parties forming a partnership dubbed ‘Manchester Life.’
The first phase will see more than 830 privately rented homes built in the Ancoats and New Islington areas of east Manchester, near to City’s Etihad Stadium.
Work is set to start on that stage of the masterplan next year.
Manchester council leader Sir Richard Leese said: “Today’s announcement adds another commercial dimension to the already significant investment made by Manchester council and ADUG in east Manchester, and in doing so progresses the regeneration story which began in the 1990’s and was accelerated by the 2002 Commonwealth Games and ADUG’s recent development of the Etihad Campus.
COMMENT: Why investment is a huge deal for Manchester
“The planned transformation of the eastern edge of the City Centre is the single biggest residential investment Manchester has seen for a generation.
“Building thousands of quality new homes will be a fundamental part of our growth story and will deliver significant socioeconomic impact. We look forward to working with Abu Dhabi United Group to create a world class exemplar of regeneration.”
ADUG and Manchester council will form the Manchester Life Development Company to oversee the 10-year project, which will see up to £1bn ploughed into the building of new homes on the ‘eastern fringe’ of the city.