Salford City Council has approved plans for the £1.3bn Regent Park development by Henley Investment Management which will see the construction of ten residential towers alongside 15 retail units.

The approved plans will transform the 130,000 sq ft site at Regent Retail Park, into a new retail, residential and community neighbourhood.

The new site will contain up to 3,300 new homes and 86,000 sq ft of retail space under a mixed-use masterplan by Matt Brook Architects.

Parts of the existing Regent Retail Park will remain open and to continue to trade while construction is underway.

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.”

The scheme also includes five acres of public open space, with West Union Park at its heart, a 3.5-acre park accompanied by new children’s play space and a village square, able to host pop-up events.