St Peter’s Square is to have a new addition in 2019, a new thirteen storey office block on the site of the old Odeon Cinema
The proposed £100m 180,000 sq ft office block will feature a double-height reception area at ground level.
The site has been acquired by Barings Real Estate developers and will sit alongside No 1 and 2 St Peter’s Square
Sir Howard Bernstein, chief executive of Manchester City Council, said: “We are delighted to welcome Barings Real Estate Advisers’ investment into this key site in the city’s Civic Quarter and the jobs it will generate.
“Our investment in St Peter’s Square and the transformation of Central Library and the Town Hall Extension has created a world-class office environment, complemented by proximity to our universities, which is attracting quality occupiers. We look forward to working closely with Barings Real Estate Advisers to help deliver a successful project for the city.”
Darren Hutchinson, senior director at Barings Real Estate Advisers, added: “The shortage of new grade A office supply in Manchester coupled with the healthy demand dynamic from national and international occupiers for space in the city gives us the confidence to proceed with this major project ahead of securing a pre-let.
“We have assembled a first-class team to deliver this project to the highest standards and are excited by the opportunity to deliver a best-in-class, next-generation office building in Manchester city centre.”
Castlebrooke, which originally acquired the site in 2015, will continue to act as development manager for Barings Real Estate Advisers. Bowmer & Kirkland has been appointed as contractor and is expected to start onsite imminently.