Henley Investment Management has submitted an outline planning application for a £1bn redevelopment of Regent Retail Park, aiming to transform this site on the Salford-Manchester boundary with a mixed-use proposal.
- A vision for a green and sustainable neighbourhood with up to 3,300 new homes is at the heart of the £1bn project.
- Extensive public consultations have been conducted to align the redevelopment plans with community needs.
- The project includes enhanced retail space, a new park, and a village square, reinforcing its role as a local centre.
- Salford City Council’s planning policies necessitate retaining significant retail space within the proposed redevelopment.
Henley Investment Management proposes a transformative £1bn redevelopment of Regent Retail Park, situated on the border of Salford and Manchester. This redevelopment project aims to establish a mixed-use site, blending residential and retail components to meet the needs of a modern community. A key feature of the plan is to create a sustainable neighbourhood that caters to the aspirations of future generations.
In collaboration with MattBrook Architects, the vision extends to developing up to 3,300 new homes, encompassing five acres of open space and a 3.5-acre park. This ambitious project has been designed with a gross development value around £1bn, highlighting its significant scale and potential economic impact on the region.
Salford City Council’s planning rules designate the site as a local centre, necessitating the retention of substantial retail space. This requirement ensures that the redevelopment will continue to support the commercial needs of the local community, while also providing enhanced facilities and amenities.
Henley’s chief executive, Ian Rickwood, articulated the vision to create a new hub for Salford, with an emphasis on community, retail, and green space. He stated, “Our proposals will bring forward more and enhanced retail space, a new park and village square, along with much needed high-quality homes.”
Extensive public consultations have been undertaken, involving local communities, stakeholders, and the council, to ensure the project meets the diverse needs of all parties involved. This collaborative approach is intended to foster strong community relations and integrate stakeholder feedback into the development process.
The £1bn redevelopment of Regent Retail Park represents a significant investment in Salford’s future, blending community needs with sustainable growth.
