Co-op picks developer partner for NOMA

THE Co-operative has named a partnership between London-based Delancey and Landid as the preferred developer for its £800m NOMA scheme.

The organisation said that it was now in an exclusive lockout period to finalise its development agreement with the martnership, which had been shortlisted alongside Manchester-based developer Bruntwood following a 15-month selection period.

Co-operative Group is planning to transform 20 acres of the city’s “Northern Gateway” under the NOMA scheme – the first part of which involves the opening of its new headoffice, 1 Angel Square, in September. In total, some 4m sq ft of property in its legacy estate on the northern fringe of the city centre will be redeveloped into office, retail, residential and leisure space.

David Pringle, director of NOMA, said: “This represents a great opportunity to bring together businesses of equal pedigree and financial standing.  Delancey and Landid have the track record, undoubted talent and complementary expertise that will enable us to drive the NOMA project forward in the way we have always intended.

“Delancey have already demonstrated a commitment to Manchester through previous developments, and have an excellent understanding of the national and North West property markets. 

“We have a shared belief in what NOMA can deliver to partners and the city, and we are looking forward to delivering this vision together.”

Paul Goswell, managing director at Delancey, added: “NOMA is one of the most exciting redevelopment opportunities in the UK today. It is part of an incredibly vibrant city centre and has the critical mass needed to create a new integrated residential and commercial district, in keeping with today’s urban lifestyles.

“We are delighted to be in exclusive talks with The Co-operative and, with our partner Landid, are relishing the challenge of creating something truly special for Manchester.”