Manchester moves to kickstart Wythenshawe regeneration
The city council is close to completing the strategic acquisition of St Modwen’s 350,000 sq ft civic centre, paving the way for a “transformational” redevelopment of the town centre.
St Modwen owns the long leasehold interest in Wythenshawe Civic Centre, which sits at the heart of around 40 acres owned by the city council.
The local authority has now reached an agreement with St Modwen for the asset, in a bid to tighten its control of the town centre ahead of a planned regeneration project featuring around 1,000 homes.
“We know that residents have wanted to see more investment in the centre for some time, so it’s fantastic to get the ball rolling on what will be a transformational redevelopment for the centre and for local people,” said Cllr Gavin White, Manchester City Council’s executive member for housing and development.
“We’ll be undertaking some consultation exercises with local people in the coming weeks and months to share our vision for the town centre and get invaluable feedback from the very people who use it regularly.”
The acquisition of Wythenshawe Civic Centre “will create significant revenue in the short-term as well as providing a strong platform for investment in and redevelopment of the district centre in the medium to longer-term”, a report to the council’s executive said.
Due diligence will be undertaken over the coming weeks and the acquisition could complete before the end of the summer, according to the city council.
The value of the deal was not disclosed but the executive report states that the terms agreed are “at a level which works for MCC and can be supported on a red book valuation basis”.
Over recent months, the city council has been working on a long-term vision for the potential regeneration of the town centre of Wythenshawe that includes plans for up to 1,000 new homes, employment and cultural space alongside investment in public realm.
Manchester City Council is also planning to bid for cash from the government’s £4.8bn Levelling Up Fund to support the scheme.
Savills and 5plus Architects are advising the city council on its proposals, alongside Solid Ground and Amion Consulting.
A spokesperson for St. Modwen said: “As St. Modwen’s strategy has shifted in recent years to focus on logistics development and housebuilding, we are happy that Manchester City Council will be the custodians of Wythenshawe Town Centre moving forward.
“We see a great future for the area and look forward to seeing Wythenshawe thrive as part of longer-term regeneration plans.”
St Modwen was acquired by Blackstone last year for around £1.3bn.
- Wythenshawe will be one of the locations discussed at Place North West’s Greater Manchester’s Emerging Hotspots event next year.