A prominent parcel of land in Manchester city centre, which is part of plans for 15,000 new homes, has been acquired.
Far East Consortium (FEC), the developer behind Manchester’s Victoria North regeneration project, has snapped up the two-acre site on Dantzic Street.
The company has now acquired more than 35 acres of land on the edge of the city centre since entering into joint venture partnership with Manchester City Council.
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FEC now intends to bring forward a new residential development to complement its adjacent Victoria Riverside development and as part of the wider masterplan for Red Bank being designed by Maccreanor Lavington and Schulze+Grassov.
Having agreed terms on the land deal, the developer has been working with architects Hawkins\Brown to work up a new scheme for the site. Other members of the design team include ROC Consulting, Futureserv and WSP.
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Tom Pool, senior development manager at FEC, said: "This site will form an important part of the first phases of development in Red Bank as part of Victoria North.
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"We have been working hard to ensure that our strategic acquisitions are acquired off-market at a good value to allow us to keep momentum with our development plans.
“We have invested more than £30m in land acquisitions in the past five years alone, demonstrating our commitment to Manchester and Victoria North through what is now a pipeline of c.5,000 homes.
"Our land assembly strategy for this initial phase means we will now be able to deliver those homes at the pace and scale we require to transform this part of Manchester into a thriving residential community."