The partnership will drive the next phase of schemes under the council’s This City housing company, targeting a pipeline of seven sites in north, east and central Manchester.
The collaboration agreement will go before the council’s executive for approval at the end of this week.
The next scheme set to move forward under the programme will be a 126-home development on Postal Street in the Northern Quarter.
Demolition of a former single-storey commercial building on the site has already been completed, clearing the way for detailed design work ahead of a formal planning application. Construction is expected to start in 2027.
The wider This City pipeline includes five additional council-owned sites spread across north and east Manchester.
These include a major four-phase scheme at Monsall in Harpurhey expected to deliver more than 650 homes, alongside smaller developments in Longsight, Ardwick and Ancoats.
The programme builds on the completion of the first This City project at No.1 Ancoats Green last year, which delivered 129 homes including 30% capped at Manchester Living Rent.
No. 1 Ancoats Green development, the first built by This City
Council leader Bev Craig said the pension fund partnership would help accelerate development of council land while ensuring a portion of homes remain affordable.
“This partnership with the Greater Manchester Pension Fund will enable us to drive forward the work of This City to build the homes the city needs on council-owned land.
“Completing No.1 Ancoats Green last year was a great start – but this collaboration with the Greater Manchester Pension Fund provides long-term assurance that we can bring forward and deliver even more ambitious schemes.”
