Far East Consortium International £1 billion investment in Northern Gateway project

2/5/2017
Real estate finance, Financial investment

£ 1 billion

$ 1.29 billion

Completed

2/5/2017


Overview:

  • Far East Consortium International invested £1 billion in the Northern Gateway social housing project.
  • The project - being undertaken by Manchester City Council - involves the redevelopment of a 300 acre area of the city including NOMA, the Lower Irk Valley, New Cross. and Collyhurst.
  • The development will potentially deliver up to 10,000 new homes in the next 10 to 15 years.

Katrin Kostadinova - Data analyst

Jurisdiction:

United Kingdom

Deal types:

Real estate finance
Financial investment

Practice area:

Real estate finance

Governing law:

England and Wales

Industry sectors:

Real estate
Social infrastructure


Firms:

Party: Far East Consortium International Ltd (Investor)


Party: Manchester City Council (Sponsor)