Bankfoot APAM Secures Planning Consent for £200m Regeneration of The Soapworks
Deal News | May 19, 2025 | Catella Real Estate AG
Bankfoot APAM, functioning as the specialist development manager for the Greater Manchester Pension Fund (GMPF), has successfully obtained hybrid planning consent from Salford City Council for the £200 million redevelopment of The Soapworks in Ordsall, Salford. This extensive mixed-use regeneration project spans an 8.5-acre site and is set to transform the former Colgate-Palmolive location into a vibrant neighborhood with 578 new homes, including 78 affordable units, 12,800 square meters of flexible commercial and employment space, a new public park, and improved connectivity. The initiative aligns with Salford's goals for housing, employment, and sustainability, promising to deliver meaningful, long-term social impact and stimulate economic growth through local job creation and support for businesses. This project forms part of Bankfoot APAM's wider portfolio of regeneration initiatives across the UK, establishing their capability in delivering impactful real estate developments while fostering public-private stakeholder collaborations.
Sectors
- Real Estate Development
- Urban Planning
- Investment Management
Geography
- United Kingdom – The project is located in Salford, which is part of Greater Manchester in the UK.
Industry
- Real Estate Development – The article discusses a major real estate regeneration project, involving the transformation of the former Colgate-Palmolive site into a mixed-use neighborhood.
- Urban Planning – The planning and development of an urban area, which includes new housing, commercial spaces, and connectivity improvements, align with the goals of urban planning.
- Investment Management – The involvement of the Greater Manchester Pension Fund and Catella Real Estate AG indicates a financial investment aspect in the regeneration project.
Financials
- £200 million – The total investment amount for the regeneration and development of The Soapworks site in Salford.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Bankfoot APAM | Development Manager | Company | A specialist development manager responsible for securing planning consent for the regeneration project on behalf of GMPF. |
| Greater Manchester Pension Fund (GMPF) | Investor/Client | Company | The entity on whose behalf Bankfoot APAM is managing the project. |
| Salford City Council | Regulatory Authority | Government | The local government authority that granted planning consent for the regeneration project. |
| Catella Real Estate AG | Private Equity Firm | Company | The private equity firm involved in the financing or strategic backing of the urban regeneration project. |