The CBRE-managed North West Evergreen Fund has provided a £10.75m loan for InfraRed Capital Partners to complete its 172,000 sq ft Raven Locks speculative industrial scheme on brownfield land in Little Hulton, Salford.
The long-awaited Greater Manchester Spatial Framework has been delayed further due to a row between Stockport and Tameside over the proposed expansion of the industrial estate, which lies on the border of the two boroughs.
Developer English Cities Fund wants to transform the 250-acre site into a "globally recognised destination", through a revised framework that could see a Metrolink extension connecting the area with Salford Quays.
Trafford Council has approved the adoption of frameworks drawn up by consultancy Nexus Planning to guide future development, improve public realm and increase pedestrianisation in the two neighbourhoods.
The housebuilding arm of developer Peel L&P has submitted a pair of applications to Bolton Council - a scaled-back scheme of 150 homes at Horwich Golf Club, and 108 homes at Garnet Fold off St Helens Road.