Henley Investment Management has announced that Salford City Council has granted approval for the transformative £1.3 billion Regent Park development, set to create a sustainable, mixed-use neighbourhood offering housing, jobs, and community amenities.

Located just outside Manchester city centre, the project will redevelop the 130,000 sq ft Regent Retail Park, one of Salford’s designated Local Centres. The scheme will retain substantial retail space while introducing a mix of residential, retail, and community uses to support both day and night-time activity.

The new retail offering will include approximately 15 units totalling 86,000 sq ft, accommodating a combination of local independent businesses, high-street brands, and service providers. Henley has confirmed that all existing retailers will be invited to return after redevelopment.

-- Advertisement --

Designed by Matt Brook Architects, the masterplan will create a placemaking-led urban quarter across ten buildings delivered in two phases. Certain parts of the centre will remain operational during construction to minimise disruption and maintain services for the local community.

The development will provide up to 3,300 new homes, including 660 affordable units, marking Salford's largest affordable housing initiative in over 50 years. By redeveloping a brownfield site, Regent Park aims to reduce pressure on greenbelt land while delivering high-quality, energy-efficient housing.

At the heart of the scheme lies five acres of public open space, including the 3.5-acre West Union Park, children’s play areas, and a village square designed for pop-up events. A dedicated Community Forum will offer a shared space for residents and occupiers, while the green infrastructure will enhance biodiversity and deliver a net environmental gain.

Ian Rickwood, Chief Executive of Henley Investment Management, said: "Our approved scheme for Regent Park will deliver a new green and sustainable neighbourhood, a renewed local centre for Salford. Our plans recognise the importance of retail and services for the community, retaining significant enhanced provision that will cater to the needs of local people, while delivering much needed high-quality homes, including a significant proportion of affordable homes, a new park, a village square and community forum.

"We look forward to continuing to work with Salford City Council, stakeholders and the local community to deliver our vision."