Salford City Council has granted planning consent for Henley Investment Management’s £1.3bn Regent Park development, which will see ten residential towers constructed alongside 15 retail units.

The approved plans will transform the 130,000 sq ft Regent Retail Park into a residential-led, mixed-use neighbourhood, creating a vibrant new community in the heart of Salford.

Under the masterplan by Matt Brook Architects, the site will feature up to 3,300 new homes and 86,000 sq ft of retail space, blending residential living with commercial amenities.

Ian Rickwood, chief executive, Henley Investment Management, said: “Our approved scheme for Regent Park will deliver a new green and sustainable neighbourhood, a renewed local centre for Salford.

“Our plans recognise the importance of retail and services for the community, retaining significant enhanced provision that will cater to the needs of local people, while delivering much needed high-quality homes, including a significant proportion of affordable homes, a new park, a village square and community forum.

“We look forward to continuing to work with Salford City Council, stakeholders and the local community to deliver our vision.”