Manchester City Council has signed a contract with Galliford Try, a partner in the Solutions 4 Brunswick (S4B) consortium, to deliver a £100m PFI regeneration scheme.
Galliford Try along with Contour Homes and Mears will regenerate the Brunswick area with the construction of 533 new homes and community facilities.
The works are expected to start in 2014 with the first tenants to move in by spring 2015 and the first homes going on sale the following summer.
Mears is planning to refurbish another 654 homes and provide continuing facilities management services as part of the project. Consultations over the refurbishment of council properties, which involves the inclusion of a new kitchen and bathroom, have already started.
According to the deal, extensive infrastructure works and remodelling will be carried out. These include the development of new roads, retail space, a play area, a community orchard and allotments, sheltered accommodation and a day care centre.
The redevelopment plans were postponed for several years due to the funding for the project was only agreed by the HCA under its housing PFI programme in August 2007.
Galliford Try Chief Executive, Greg Fitzgerald, said: “We are very pleased to reach agreement with Manchester City Council, our consortium partners and other project stakeholders to secure what will be an important regeneration project for Greater Manchester. S4B is already well advanced in its planning for the project, and we look forward to formal commencement of works early in 2014.”
Councillor Nigel Murphy, Manchester's executive member for housing and regeneration, commented: "Contracting S4B officially to the Brunswick PFI scheme marks the end of a long journey for local residents who have waited many years for their regeneration plans to become a reality. But this milestone also marks the beginning of an exciting chapter for the community, who are looking forward to a much welcomed transformation of their neighbourhood."