New joint venture stimulates the Irwell City Park Project - MIDAS

New joint venture stimulates the Irwell City Park Project

4 February, 2008

Salford and partners are continuing the vision for Irwell City Park following a new deal to develop a riverside walkway ? the missing link between Trinity Bridge, The Lowry Hotel and the Albert Bridge on to New Bailey Street.

The site has been acquired through a joint venture between Salford City Council and Bruntwood. The site will provide a high quality public space within the heart of the regional centre.

The joint venture company Trinity ICP will develop the quarter acre site (0.101 hectares) that was acquired from the Guardian Media Group (GMG) by Bruntwood and Salford City Council with the support of the Northwest Regional Development Agency.

The development reflects Central Salford’s position as the natural expansion of Manchester’s commercial heart by creating a corporate centre with new business space, employment opportunities and a high quality public realm.

Bruntwood are developing the site on behalf of the joint venture company. Following the completion of the public realm, Bruntwood will assume the ownership of the entire site and will be responsible for the maintenance of the public realm landscaping.

The purpose of the joint venture between Bruntwood and Salford City Council is to ensure that quality public realm is provided and a walkway from Trinity Bridge to New Bailey Street will be delivered by the private sector.

The joint venture will further develop the ‘Vision’ for a beautiful, vibrant and prosperous Central Salford and ensure that views from Trinity Bridge, the curved façade of The Lowry Hotel and the existing public realm is preserved and enhanced through the new development.

The designs for the site are to be worked up jointly between all parties and a Development Agreement has been signed to make sure that this project is delivered to the satisfaction of all.

Councillor John Merry said: "The council are delighted to announce this joint venture of Salford City Council and Bruntwood.

"Through this deal we can continue the vital work of regenerating a key link from Salford into Manchester and ensure that we deliver a first class public realm that befits the vision we have for the future."

Chris Oglesby, CEO Bruntwood, added: "Bruntwood is proud to be working alongside Salford City Council to develop this area of Salford.

"Providing our customers with the right environment has been key to our success and developing high quality public realm lies at the heart of our business ethos.”

Karen Hirst, Development Director Central Salford URC, also commented: "The announcement of this joint venture between Salford City Council and Bruntwood is excellent news for the people of Salford.

"The development of this key area will continue the work of opening up access to the River Irwell and delivering a key linkage for the Irwell City Park project which is part of the vision to make Central Salford beautiful, vibrant and prosperous."

 

Source: Central Salford press release

Links:
http://www.centralsalford.com/
http://www.salford.gov.uk/
http://www.bruntwood.co.uk/

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