Stockport secures latest town centre redevelopment phase

Stockport Mayoral Development (MDC) has announced The English Cities Fund (ECF) – a JV with Legal and General and Homes England – as its preferred long-term joint venture partner to develop an eight-acre site, known as Stockport 8.

Stockport MDC and ECF said they will invest over £250M to transform the town centre site in Greater Manchester into a new digitally enabled, green and fully walkable neighbourhood, which is set to deliver over 1,200 new homes, alongside retail, leisure, and office space.

Lord Kerslake, Chair of Stockport MDC, said: “It speaks volumes about the strength of the opportunity in Stockport that, within just one year of starting our search for a new development partner for Stockport 8, we have secured a long-term joint venture with ECF.

“The interest from the industry was overwhelming, but ultimately, ECF demonstrated a shared long-term vision for the site, and for Stockport. This vision was one that clearly reflects the ambitions laid out in our Strategic Business Plan, including a way forward that delivers against our guiding principles of community, sustainability and innovation, and, most importantly, one that best serves the needs of local people.”