The housebuilder said construction will start in the coming months for 195 homes on the site of the former Hartshead High School in Ashton-under-Lyne, after gaining approval at Tameside planning committee.
Morgan Sindall Group posted a 3% increase in turnover, to £3.1bn, and 10% rise in pre-tax profits, to £88.6m, in the 12 months to the end of December 2019, driven by strong returns from its fit-out and construction arms.
Construction of Elliot Group's 34-storey The Residence in Salford has halted, while the developer writes to investors asking them to bring forward payments and waits for institutional funds to "re-engage", pending the result of an ongoing fraud investigation.
The joint venture between Muse Developments, Legal & General and Homes England have asked Salford City Council for money to support the 23-storey Stanley Street residential project ahead of a scheduled start on site in March.
Bardsley Construction collapsed in December owing £45m to creditors, according to the administrators' report, and negotiations are still ongoing with developer clients over the payment of fees on prominent sites.