FEC Appointed as the Developer for Angel Meadow Site at NOMA, One of the Major Residential Growth Areas for Manchester in the UK

HONG KONG, Aug. 5, 2016

NOMA has been identified by Manchester Place as one of the major residential growth areas for Manchester, the United Kingdom. NOMA is a key city centre location and the Angel Meadow plots mark the first phase of the Northern Gateway, a sweep of land from Victoria station north taking in New Cross, The Irk Valley and Collyhurst which in total has the potential for a new neighbourhood of 7,000 homes supported by social infrastructure.

FEC has built a diverse and widely-acclaimed property portfolio of quality residences in Australia, Mainland China, Hong Kong, Malaysia, Singapore and the United Kingdom, which has demonstrated its ability to develop, build and launch multiple large scale mixed-use developments across the region. The Group recently won planning consent for Alpha Square in London, a scheme that will deliver 700 apartments, a new school and new health hub, hotel and pocket square.

Mr. Chris Hoong, Managing Director of FEC said: "This is one of the most exciting residential opportunities not just in Manchester but in the UK. We are very honoured and excited to be working with NOMA and the City Council. 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. With international knowledge and local expertise to develop and deliver multi-billion mixed-use landmark products, such as West Side Place in Melbourne, The Towers at Elizabeth Quay in Perth, and Queen's Wharf integrated resorts in Brisbane, we are confident that this project will be another successful one to add to our international portfolio."

Sir Richard Leese, Leader of Manchester City Council welcomed FEC to the city and said: "This is exciting and positive news and we look forward to working with FEC to create new places to live. Manchester continues to grow at pace and we need more high quality homes to sustain that growth. I look forward to seeing detailed plans for homes for sale and rent and improved public realm around Angel Meadow itself."

Sir Howard Bernstein, Chief Executive of City Council and Co-Chair of Manchester Place said: "This is a powerful statement of FEC's confidence in us and our confidence in them."

Paul Beardmore, Chief Executive of Manchester Place said: "This is an important site that will help to unlock the potential of the Irk Valley and Collyhurst. We are delighted to have reached this stage and the scale of the investment conveys a strong message of confidence to the market."