English Cities Fund has been confirmed as the development partner for the £800m Salford Crescent masterplan.
EG reported that ECF, a joint venture between Muse, Legal & General and Homes England, had clinched the deal last month. The partnership will lead the 240-acre regeneration over the next 10-15 years.
Around 3,000 new homes, 1m sq ft of commercial space, and 1m sq ft of education space will be developed.
Salford City mayor Paul Dennett said: “Congratulations go to the English Cities Fund for being selected as the development partner for the Salford Crescent masterplan.
“It is a very exciting opportunity to move our vision forward and create a new city district that is fit for generations in this city. A thank you goes to all those who made the shortlist and took part in the process. It was a very strong field.”
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