Manchester Place and The Co-op have appointed Far East Consortium International to develop more than 600 homes as part of the NOMA neighbourhood.
Totalling 2.37 acres across four sites at Angel Meadow park, the new homes will be for both sale and rent and will include “a landmark tower”.
FEC is a Hong Kong-based international property development company which has delivered projects in Australia, New Zealand, Malaysia and Singapore as well as mainland China and Hong Kong.
The Angel Meadow agreement was confirmed with a visit to Manchester by FEC managing director Chris Hoong, who met Manchester City Council leader, Sir Richard Leese, Manchester Place chief executive Paul Beardmore and David Pringle, director of NOMA at the Co-op.
Hoong said: “This is one of the most exciting residential opportunities not just in Manchester but in the UK right now and we are very proud and excited to be working with NOMA and the city council.
“We have assembled a team with the skills to deliver a new neighbourhood of international caliber and we would like this to be the start of a long relationship with the city.”
“We have the knowledge and expertise to develop and deliver multi-billion mixed use landmark schemes and we believe Angel Meadow will be another successful addition to our international portfolio.”
David Pringle, director of NOMA at The Co-op, said: “This is a great step forward for the second phase of residential development at NOMA. The Angel Meadow sites have the potential to redefine city centre living with the added benefit of being situated around a reinvigorated green park.
“With Moda Living’s Angel Gardens scheme also on site this year, NOMA will be providing an outstanding residential offer that supports our plans already underway to create a truly mixed use neighbourhood.”