Peel plans major resi-led Salford scheme
The landowner is in the early stages of working up proposals for a “high-density residential development” off King William Street in Anchorage.
Tokenhouse Pensions Trust, a self-administered pension scheme into which Peel employees contribute, has submitted plans to demolish a low-rise industrial unit known as Walker House.
Planning documents lodged with the demolition app suggest knocking down the vacant and unassuming building is the first phase of a wider vision for the site.
A statement prepared by consultancy WSP states that Peel is “in the process of exploring the potential for the future redevelopment of the wider site at King William Street for a high-density mixed residential development”.
Pre-application engagement with the council about the plans are underway, according to WSP.
The site is located close to Cole Waterhouse’s Eda, a 290-apartment built-to-rent scheme, and a duo of PBSA developments known as Discovery Quay.
Peel’s land holdings around Salford Quays have been tapped on numerous occasions over the years to deliver residential schemes.
Glenbrook bought the land that now houses the 270-home Duet BTR scheme from Peel. It is now owned by Swiss Life.
Peel also provided a now-bust X1 vehicle with the land for four towers north of The Quays, while Starlight is building the Spectra cluster opposite Broadway tram stop.
Peel declined to comment.
