A development company operating in East Manchester has teamed up with housing association Great Places to put together a 10-year residential masterplan.
Manchester Life Development Company (MLDC) is focused on the regeneration of the Ancoats and New Islington districts. Its agreement with Great Places will see the two organisations working together to identify viable sites for new “affordable” homes.
The joint planning exercise will seek to ensure that East Manchester’s residential development frameworks incorporate “affordable” housing at a range of tenures and price points.
“Great Places is one of the leading housing associations in the North West, and we are committed to being a major provider of affordable and social housing within Greater Manchester over the next 10-years,” said Matthew Harrison, Great Places’ chief executive.
“Effective partnerships are central to affordable housing delivery in today’s complex operating environment, so we are very pleased to be collaborating with Manchester Life given their track record of mobilising quickly and at scale to make a positive impact across a whole neighbourhood.”
Established in 2014, MLDC is a joint venture between the Abu Dhabi United Group and Manchester City Council. Phases 1 and 2 of Manchester Life mobilised eight developments to deliver 1,468 predominately private rental and owner-occupied homes.
“With the range and scale of housing required over the next 10-years, it’s clear that a collaborative approach to master planning is a critical first step in defining the requirements for current and future residents,” said its chairman, Marty Edelman.
“Given the calibre and track record of Great Places, we have every confidence that our collaboration will quickly shape viable pathways for significant new affordable housing and serve as a platform for new partnerships to form.”
Sir Richard Leese, leader of Manchester City Council, said: “Manchester Life has already delivered a significant positive impact on Ancoats and New Islington, and in doing so has rebuilt confidence in the area, so it is hugely encouraging to see this new collaboration with Great Places focussing on sustainable, affordable housing delivery.
“We look forward to participating in the planning exercise and hope that other investors, developers and registered providers follow suit to help deliver a range of housing types and tenures across the city. This collective approach is vital to ensuring that Manchester delivers the right mix of housing to help all residents reach their full potential.”