Property: Consent for Trafford Centre hotel; £300m Tameside school deal done

PEEL has won planning consent for a £30m hotel at The Trafford Centre.

The 15-storey hotel, overlooking Junction 9 of the M60, will have 210 beds and is expected to be 4-star or above. According to Peel it will create more than 100 jobs.

It will include a 12 metre high entrance lobby, a 500 seat banqueting and conference facility, meeting rooms, a 200 seat restaurant and bar area, spa, gym and swimming pool facility.

Green credentials include a living grass roof, a sustainable drainage system including a pond and additional planting to attract wildlife.

Peel said it is in discussions with various contractors.

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A £300m contract to build a slew of schools in Tameside has been sealed by construction group Carillion and its joint venture partners.

The first phase will see 12 secondary and special schools built over the next three years, at a cost of £173m.

This includes two privately financed schools, which will see construction start next month. Carillion then will be paid £21m to provide facilities management services for the schools over 25 years.

The Local Education Partnership between Carillion, Tameside Council and Building Schools for the Future Investments will agree further new schools for the borough to be completed in the next 10 years, with an estimated capital value of £120m.

Private finance for the project is being funded by a combination of borrowing and equity, with Barclays providing £50m of debt finance and the LEP members contributing £4.2m of equity, of which Carillion will provide £3.4m and the other two members £400,000 each.

The Tameside Building Schools for the Future public-private partnership contract is part of the government’s £45bn Building Schools for the Future programme.