The £700m Middlewood Locks scheme is being developed by FairBriar International, which is a joint venture of Scarborough Group, China’s Hualing Group, based in Xinjian, and Singapore’s Metro Holdings.
As previously reported, the contractor for the project is China's Beijing Construction Engineering Group (BCEG), which has promised £4m development financing to help kickstart the project.
Construction of the first phase is now expected to start in early 2016, with first residents expected to move in mid-2017. The first phases will comprise the development of 571 homes and associated commercial space, including shops and restaurants, and new public realm in the form of canal side footpaths and cycle ways that will connect to the city centre.
Middlewood Locks received outline planning consent in March 2015 from Salford City Council to deliver a new mixed-use neighbourhood, which, in total, will provide around 2,000 new homes and more than 750,000 sq ft of commercial development space. The development, designed by architectWCEC Group, is centred around three large basins of the Manchester, Bolton and Bury Canal in Salford.
BCEG is also already involved in the joint venture behind the £800m Airport City development planned at Manchester Airport. It has been ranked as one of the 50 biggest constrcutuion companies in the world.