Scarborough, the UK and International Real Estate Developer and Investor, and BCEG today announce that they have signed an €99.6m (£85m) contract for the construction of phase 1 of its 24.5 acre Middlewood Locks development, a new residential and commercial neighbourhood at the western gateway to Manchester's Central Business District.
The event marks a major milestone in the development of phase 1, which will be completed in October 2018. The first phases, which were granted detailed planning consent by Salford City Council in December last year, will comprise of 571 homes and associated commercial space, including convenience shops, restaurants, extensive new public realm including canal side footpaths and cycle ways to the City centre.
The Middlewood Locks development will deliver a vibrant new mixed-use neighbourhood which, in total, will provide 2,215 new homes and 83,613m² of commercial development space including offices, hotel, shops, restaurants, a convenience store and gym.
Phase 1 has a gross development value of more than €175.7m (£150m) and is expected to create more than 300 jobs for the local region.
