Henley Investment Management has secured planning consent for the £1.3bn Regent Park mixed-use development in Salford.
The approved plans will retain considerable retail space and transform the 130,000 sq ft site at Regent Retail Park into a new retail, residential and community neighbourhood.
The new retail centre will provide 86,000 sq ft of space across 15 units of varying sizes and 10,000 sq ft of community space.
Regent Park will also provide up to 3,300 new homes, 660 of which will be affordable, and five acres of public open space, including the 3.5-acre West Union Park.
The mixed-use scheme, which was designed by Matt Brook Architects, will comprise 10 buildings delivered across two phases.
Ian Rickwood, chief executive of Henley Investment Management, said: “Our approved scheme for Regent Park will deliver a new green and sustainable neighbourhood, a renewed local centre for Salford. Our plans recognise the importance of retail and services for the community, retaining significant enhanced provision that will cater to the needs of local people, while delivering much needed high quality homes, including a significant proportion of affordable homes, a new park, a village square and community forum. We look forward to continuing to work with Salford City Council, stakeholders and the local community to deliver our vision.”
