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Manchester Office Expansion

Manchester Office Expansion

Manchester could be on the verge of witnessing a surge in construction, with an array of office buildings anticipated.

Planning has been given the green light for a £50m re-development in St Peters Square, with a new 12 storey building, replacing the existing Peterloo House.

The proposal, supplying grade A office space, is expected to provide room for around 800 office workers with construction commencing once the building is 50% pre let.

According to the Manchester Evening News – Dorrien Thomas from AXA Real estate, the firm behind the investment, describes it as “an ideal location for local, national or international businesses wanting office accommodation or a headquarters in Manchester.”

The plan is being welcomed by Manchester City Council with chief executive, Sir Howard Bernsteirn, commenting that “it will bring jobs and investment in the heart of Manchester’s civic quarter, complementing other private sector and public investment taking place in the area and creating a building more appropriate to St Peter’s Square.”

The has also reported that proposals are also underway for further regeneration in St Peters Square, where Elizabeth House is set to become part of a £60m development project.

Furthermore, in the Springfields business district, a £165m scheme could be imminent with funding for 350,000sq ft of office space close to being agreed.

Dr Brian Sloan, head of business and economic policy at Greater Manchester Chamber of Commerce believes “these developments will be ideal for large businesses looking to the city as their next location, generating investment and with it the potential of creating hundreds of new jobs.”

Such investment is promising, possibly indicating an increased confidence in the stability of the economy, positive signs that the city is on the up.

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Author: | July 22, 2011 | 0 Comments

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