Located at the western gateway to Manchester’s Central Business District, the 24-acre site will be developed into a new mixed-use community of around 2,000 new homes and up to 750,000 sq ft of commercial space.

Following receipt of outline planning consent in March, Scarborough is now working up a detailed planning application for the first phases of the development which will comprise the development of 550 homes, 29,000 sq ft of commercial space.

This will be submitted in the autumn in the hope of receiving planning by the end of the year.

Scarborough has also just appointed Knight Frank, WHR and LSH as lettings agents for the commercial part of the development and JLL has been appointed on the residential investment side.

Middlewood Locks is being developed by FairBriar International, a joint venture between Scarborough, Top Spring International Holdings, a Hong Kong-listed real estate developer in the People’s Republic of China, and Metro Holdings, a Singapore-listed property development and investment group.

Lee Savage, Development Director of Scarborough, said: “Middlewood Locks will be a first-class, mixed-use community in one of the UK’s most exciting new areas.

“The development is situated in what will be a new business destination for the city as well as a sought-after residential neighbourhood due to its proximity to Manchester city centre, MediaCity UK and the impact of other wider regeneration activities that are taking place in the Salford area.”

Ian Stewart, Salford’s City Mayor said: “I am absolutely delighted to see the Scarborough Group and their partners bring this outstanding new development forward.

“This is a unique site with so much potential to deliver new homes, commercial opportunities and new jobs whilst maximising our riverside and canal assets.”