The developer, in partnership with Japanese investor Kajima, has submitted plans for 240 homes and a 147-bedroom hotel next to the first phase of the town centre regeneration scheme, an £80m retail and leisure complex.
Schroder Real Estate Investment Trust has paid £17.25m to buy Stanley Green Trading Estate and a three-acre development plot in Cheadle from MAS Real Estate, reflecting a blended net initial yield of 5.2%.
The joint venture between Greater Manchester Combined Authority and 10 housing associations plans to build 100 homes on a brownfield site in Castleton, part of a 7,000-unit programme covering land around the borough’s five stations.
The money from the Government’s Active Travel Fund, intended to support interventions to encourage walking and cycling, will help fund the construction of a city centre ‘Triangle’ system and a five-mile foot and cycle route in Wythenshawe.
Canada Pension Plan Investment Board, which trades as CPP Investments, has scooped up the mall’s ownership by exercising share rights as the main secured creditor of the asset’s owner, Intu Trafford Centre Group.
Aluminium and steel stockholder Richard Austin Alloys’ plans for a 37,000 sq ft complex at Northbank Industrial Estate in Irlam, and a Peel L&P recycling facility off Liverpool Road in Eccles are both tipped for approval.