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By Coreena Ford Thu Oct 24, 2024 Chief Business Writer

Huge £1bn Northern Gateway development takes leap forward     A colossal employment scheme estimated to be worth around £1bn to the local economy, is set to take another significant stride towards becoming a reality. The Northern Gateway project, a key component of the broader Atom Valley development zone, is projected to create over 20,000 high-quality jobs and inject a £1bn economic boost into Rochdale and Bury. Town hall chiefs from both boroughs will be asked to greenlight a Supplementary Planning Document (SPD) for this transformative project. The development, which encompasses 1.2m square metres of employment space, is situated on the border of Bury and Rochdale, near junction 19 of the M62. As Coun Eamonn O'Brien, leader of Bury Council, enthused: "This is a true game-changer, a once in a lifetime opportunity to bring jobs and investment to our part of the world."  Read more

More property stories from Business Live Sportswear giant JD Group to start work on 'world leading' new campus New hotel to be built overlooking Everton's new stadium Former North Wales headquarters of collapsed developer could become hotel Jomast Developments unveils multimillion-pound plans for Newcastle rented apartments International hotel brand launches plans to open 200-bedroom hotel on Teesside North Tyneside property firm Pattinson snaps up second office as demand grows Historic York building set for modern makeover

Massive 46-storey apartment block in Birmingham is launched     Meanwhile in Birmingham, new images have been revealed of a major residential scheme as it is officially launched in the city. Ora in Brindley Drive, near The Library of Birmingham, is now called 'Edition' and will feature 581 apartments for sale across two buildings of 15 and 46 storeys. It is estimated that 300 jobs, including 60 apprenticeships, will be created at the project which will also have 23,000 sq ft of amenities for residents including a pool, rooftop outdoor spa, private dining rooms, co-working space, cinema room, skyline gym and outdoor terrace alongside the apartments. The project is being led by Birmingham-based developer Court Collaboration while Cheshire-based Select Property is leading marketing activities. Chief executive Alex Neale said: "We've been extremely heartened by the level of interest in Edition to date and we're pleased to be working with Select Property as our strategic sales partner as we formally launch to the market."  Read more

Property news from the wider Reach network Mystery remains as Plymouth's House of Fraser partially reopens Glasgow Scottish Opera new building plan welcomed Permission given to build offices overlooking famed Dublin restaurant Newcastle's Pilgrim's Quarter marks construction milestone Plans to create 'creative and working neighbourhood' of 75 homes in Sunderland given go-ahead The battle to build Greater Manchester's tallest skyscraper heats up

Contact us Is there something specific you'd like us to write about or just some feedback to share? Send an email to Coreena Ford Don't forget to check our Commercial Property section regularly for our most recent stories and if you've been forwarded this newsletter and want to receive it each week, sign up here to have it delivered direct.

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