Manchester’s “largest residential land deal” completes

TH Real Estate has sold Central Retail Park in Great Ancoats, Manchester to Manchester City Council in a joint venture with Abu Dhabi United Group.

The deal, which has been described as the largest ever residential land purchase in Manchester City Centre, could see up to 1,500 homes delivered on the site.

TH Real Estate first acquired the long leasehold interest in the 162,804 sq ft retail park in 2001. In 2015 TH Real Estate instructed CBRE to assist in the disposal of the south eastern half of the retail park for residential development.

Following negotiations