Far East Consortium wins housing development contract in Manchester

WCN Editorial Team 9 Aug 2016 EUROPE BUILDINGS

Hong Kong-based property developer Far East Consortium International (FEC) has received a contract from Manchester Place and The Co-op for a housing development near Victoria Station in Manchester, UK.

The project will include the construction of over 600 homes across four sites at Angel Meadow Park as part of the NOMA neighbourhood.

NOMA — being delivered by a partnership between The Co-Operative Group and Hermes Investment Management — is a 20-acre neighbourhood in Manchester city centre, which will include new homes, offices, hotels, and retail and leisure space.

The housing units, spanning across a total area of about 9,600sq m, will be for sale and rent, and will feature a landmark tower.

FEC’s managing director Chris Hoong said: "This is one of the most exciting residential opportunities not just in Manchester but in the UK. We are very honoured 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 calibre and we would like this to be the start of a long relationship with the city.”

Manchester Place CEO Paul Beardmore said: "This is an important site that will help to unlock the potential of the Irk Valley and Collyhurst. We are delighted to have reached this stage and the scale of the investment conveys a strong message of confidence to the market."

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