Peel Land & Property has submitted a planning application for a sustainable, mixed-use development on the banks of the Manchester Ship Canal, in Trafford, which marks an investment of £1bn.

Close to the Trafford Leisure Village and intu Trafford Centre, Trafford Waters will be a sustainable urban neighbourhood, including leisure, retail and commercial space.

The leisure element will include two hotels: one in the commercial area and a boutique hotel on the canal bank near the entrance to the waterway.

Key to the development will be the well integrated green space and waterways. There will also be cycle and pedestrian routes and a green bridge.

Development director at Peel Land & Property, James Whittaker, says: “We have been working on the vision and masterplan for Trafford Waters for over 15 years.

"It will be an exemplar, sustainable development that will create a space for a new community to live, work and play. The strong links with the intu Trafford Centre and Trafford Leisure and unrivalled transport connections will make Trafford Waters the place to be.”

Peel Land & Property was advised by a project team including IBI Group for masterplanning and heritage; Gillespies for landscape architecture and Low Carbon Design Consultants for energy and sustainability. No architects have yet been appointed.