MIPIM UK: NOMA residential sites for sale
Four residential development sites at the heart of the NOMA neighbourhood are being brought to the market.
NOMA is a key city centre location that connects the Northern Gateway and has been identified by Manchester Place as one of the major residential growth areas for the city.
The four separate plots, totalling 2.37 acres, border Angel Meadow parkland and an indicative concept plan shows the potential to provide a total of around 500 new homes.
Manchester Place is a partnership between local and national government formed to identify priority areas for housing and work with land owners, developers and investors to bring forward schemes and create new neighbourhoods of high quality homes of all tenures.
Deborah McLaughlin, chief executive, said: “Angel Meadow offers an exceptional opportunity to deliver a range of high quality homes in a key city centre location, five minutes’ walk from Victoria Station.
“Sitting alongside the NOMA neighbourhood, this will support the exciting plans led by The Co-operative Group and Hermes Investment Management to create a new mixed use destination for the North West.
“The city continues to grow with the population expected to reach 600,000 and we must push the pace of residential development to keep pace with this economic and jobs growth.”
David Pringle, director of NOMA at the Co-operative Group, said: “We believe NOMA’s Angel Meadow sites have potential to redefine city centre living. The centrepiece will be a reinvigorated public park offering Manchester its first park-facing, high end housing opportunity.”
The Angel Meadow plots mark the first phase of the Northern Gateway, a sweep of land from Victoria station north taking in New Cross, The Irk Valley and Collyhurst which in total has the potential for a new neighbourhood of 7,000 homes supported by social infrastructure.
McLaughlin added: “We are planning for the long term and want partners who share the same ambition of quality and place making. We have already seen a substantial amount of interest in residential development in Manchester from a range of investors both national and international and we are keen to start serious discussions to bring sites forward.”
Last month the release by Manchester Place of the Little Peter Street site, opposite the new cultural and leisure facilities of First Street, attracted 22 expressions of interest.
First stage expressions of interest from investors and developers should be submitted to managing agents Colliers International by 13 November.