Aberdeen Asset Management has submitted a planning application for the redevelopment of 1960s office block 40 Fountain Street in Manchester’s central business district.
AHR architects has designed a new 86,000 sq ft office building which will be renamed 11 York Street, targeted at the professional and financial services sector.
It will boast floorplates of 11,700 sq ft, as well as ground floor retail and restaurant units and a basement car park.
Aberdeen senior asset manager Edward Amery said: “We have been evolving the right development proposal for this asset for some time now. It is a prime site in an important part of the city centre where there are a number of listed buildings nearby. We have worked with the various stakeholders to ensure that we are bringing forward new development proposals that combine the very best of contemporary design with the architectural heritage of the area.”
Colliers International has been appointed development consultant and letting agent.
National offices director Peter Gallagher said: “The uptick in grade A take-up, the looming lack of supply and choice and the number of good quality occupiers who will be faced with lease events in the next 36 months makes this the ideal time to bring this scheme forward. We are confident we will attract occupiers who are looking for the very best new accommodation in Manchester.”
chris.berkin@estatesgazette.com
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