The regeneration project has been called NOMA and will transform 20 acres of Manchester City Centre’s heartland with 4m sq ft of office, retail, residential and leisure space.
Co-op said it is in talks with possible joint venture partners about participation in the 10-15 year development programme.
The scheme has approval from the city authorities and is already underway with the £100m construction of The Co-op’s 400,000 sq ft new head office building.
The next phase of development will be improvements to nearby road and utilities networks and the first phase of the district’s public realm.
Martyn Hulme, managing director of the Co-operative Estates, unveiled the newly-named NOMA scheme at the Cannes property show MIPIM.
He said: “This commercially led scheme will offer a range of floorplates to satisfy the needs of both large corporate occupiers and small and medium sized enterprises.
“Its retail and leisure offer will add to the variety already available in Manchester and be focused on independent, high quality businesses.
“Similarly, the residential component will widen the choice available in the city centre, with family housing a key part of the mix, NOMA will importantly be underpinned by the world’s largest consumer co-operative.”
Hulme added that NOMA would generate all of its own power, with a renewable energy centre providing for all of its needs through a smart grid.
