Far East Consortium International Limited (FEC) will help the city unlock more than 300 acres of land as part of the Northern Gateway project to create a series of communities in the Manchester area.

The selection follows FEC’s earlier participation in the Angel Meadow scheme, for which the developer has already formed plans to build 754 new homes around Manchester’s historic park.

Chris Hoong, managing director of FEC, said: “The Northern Gateway is an exciting project for FEC and it is indeed a great honour to share our expertise, experience and determination with the Manchester City Council.

“Our Manchester team on the ground will work with local advisers and contractors to deliver a fully supported Northern Gateway to help bring about a new international experience to this marvellous city.

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“Most importantly, FEC will continue a strategy of regional expansion in various focused business segments in order to generate solid returns for the long-term benefit of our investors.”

FEC’s inclusion in the Northern Gateway project is expected to generate more than £1bn of investment over the next 10 years.

The scheme runs north from Manchester’s Victoria Station and encompasses the neighbourhoods of New Cross, the Lower Irk Valley and Collyhurst.

It will place an emphasis on design quality and sustainability, with open space, green walking trails and cycling routes.

David Chiu, chairman of FEC, added: “Manchester City Council market data shows the demand for new homes in the Manchester city centre will continue to exceed supply.

“Manchester is a place where people from all walks of life want to stay and where families thrive.

“That is why for us this project is not only exciting, but also presents unique challenges that will require a leading developer with a strong balance sheet as well as solid experience in land assembly, planning and development.”