Manchester Place and the Co-operative Group have chosen Far East Consortium International (FEC) as the developer of a residential site in Manchester, northwest England.
FCC will build 600 homes as part of the $1bn NOMA neighbourhood (pictured), which is intended to reinvigorate the Angel Meadow Park district northeast of the city centre.
The 9,600 square metre development will be spread across four sites and will include a landmark tower.
Angel Meadow marks the first phase of the Northern Gateway, a sweep of land from Victoria station to Collyhurst, which may involve the construction of 7,000 homes, along with social infrastructure.
Chris Hoong, managing director of FEC, said: "This is one of the most exciting residential opportunities, not just in Manchester but in the UK. Â
"We have assembled a team with the skills to deliver a new neighbourhood of international calibre and we would like this to be the start of a long relationship with the city."
Angel Meadow was a "nightmare ridden" slum, with the highest mortality rate in England in Victorian times. It was been described by German philosopher Friedrich Engels as "hell upon Earth".
FCC was recently awarded planning permission for Alpha Square in London, a scheme that will deliver 700 apartments, a new school and hotel.
Image: The NOMA development (The Co-operative Group)