The firm will help to accelerate a long-term regeneration programme known as Wythenshawe Civic to create a new public square, shops, net zero carbon commercial space, community and cultural hub along with more than 1,750 new homes over the next 10 years.

The joint venture partnership with Manchester City Council aims to deliver the country’s first Positive Energy District in Wythenshawe.

The total investment cost is expected to exceed £500m with the initial development work commencing as early as 2025.

The opportunity is to transform the 1970s shopping centre and surrounding areas

To kickstart the plan the council will inject £32m to deliver a cultural and creative hub, food hall, co-working and employment space, and initial investment in new public realm.

Funded plan for new cultural hub in town centre

Cllr Bev Craig, Leader of Manchester City Council, said: “This is a key moment. Bringing Muse in as development and investment partner means we can quickly progress to begin delivering on proposals that will genuinely transform the town centre in the coming years.

“We are still progressing initial investment at the Civic – including the new public square, culture hub and food hall as a statement of intent around our ambition for Wythenshawe – there’s a lot to be excited about and we’ll keep the local community up to date on progress.”