Enlarge
Details have been revealed of a £1 billion project to build new apartments in east Manchester, funded by the owners of Manchester City Football Club.
The Abu Dhabi United Corporation has unveiled phase one of the plan, agreed with Manchester City Council, to build three towers of up to ten storeys in height at New Islington, a district of Ancoats just east of the city centre that is undergoing major renewal.
It would mean 302 new apartments being built, as well as commercial property along the banks of the Rochdale Canal, which passes through the district.
A planning decision is expected next week on the proposal, which if passed would continue the development of the Ancoats area of the city, which has seen several large apartment blocks built in recent years and is now linked to other parts of the city by the Metrolink Tram service.
For Abu Dhabi United, it is part of an ongoing investment in the east side of the city between the historic centre and the Etihad Stadium, where Manchester City play. The investment arm of the Abu Dhabi royal family took over the club in 2008.
The development of New Islington is part of a wider drive by the council to build 60,000 new homes in the city to accommodate its anticipated population growth over the coming years.
Manchester was shown to have the fastest-growing population of any borough outside London in the ten years to the 2011 census, at 19 per cent. According to the Office for National Statistics (ONS), this trend has continued, with the population believed to have jumped from 514,000 in 2013 to 520,000 last year.
The ONS believes that the city will reach 550,000 by 2025, but city council bosses believe it could be much higher, rising to as much as 625,000.
A large part of the increase will be focused on the city centre, the local authority believes, with this area having changed from having just a few hundred residents in the early 1990s to being one of the most densely populated parts, due to the construction of thousands of apartments.
Author: Group Communications Manager Andrea Riding (
ariding@acenet.co.uk or
020 7202 0255)