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The town of Altrincham in south-west Manchester is set for a major new development that will incorporate an area of grade A office space, it has been revealed.

A pair of buildings owned by the local council are soon to be demolished in order to pave the way for a £100 million scheme that is expected to create a few thousand jobs and significantly boost the economy of the surrounding area.

In addition to the grade A office space, the Altair development will boast a number of restaurants, retail units and a hotel, and could yet be designated as the site for a new hospital, with the local NHS Trust expected to continue considering its planning options until at least November.

Nick Payne, managing director of Nikal, the property developer on the project, is keeping his fingers crossed with regards to the hospital tender but is happy to see the Altair plans getting underway with the double demolition.

“The development will be the catalyst for the renaissance of Altrincham, leading to a permanent ice rink, offices, hotel and shopping, as well as the proposed new interchange,” Mr Payne remarked.

“We hope to be on site with the first phase of development early in 2011 with the first phase open to the public by summer 2012,” he added.

Drivers Jonas Deloitte, which also counts the Home Office, Land Securities and the London Development Agency among its clients, has been advising Trafford Council on the Altair project.

A report from Reuters news agency earlier this week suggested that Land Securities is to partner with the Canary Wharf Group on a major new office space development in Fenchurch Street area of central London.

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