A £195 million GDV mixed-use scheme is planned for the site, including a 26-storey tower, 556 new homes for sale and rent, and 31,000 sq ft of commercial and retail space.

The scheme forms a part of Manchester City Council’s residential-led regeneration of the site, first published in 2015.

Construction will be undertaken by Salboy’s dedicated construction partner DOMIS, with work set to begin in early 2023.

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Simon Ismail, co-founder and managing director at Salboy, commented: “We are delighted to be the new owners of the Boddingtons site – an ideal location for urgently needed regeneration thanks to its close proximity to city centre leisure, business, higher education and transport links.

“The future of this site has been the subject of local speculation for too long and we are excited to mobilise construction as soon as early 2023 to bring more sought-after homes to people who want to work, live and study in Manchester.”