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If planning plans are approved a brand new office block could be built in Manchester, it has been reported.
Real estate investment management firm Prupim is to demolish Brazennose House in Lincoln Square and build a new building with 150,000 square feet of office space.
A decision is expected to be made on the plans by early autumn, the council has said.
William Rooke, Development Manager at Prupim, said: “This site provides yet another jigsaw piece in support of the city’s regeneration strategy and inward investment objectives. The influx of some 1,250 new employees in the redeveloped Brazennose House will have a hugely positive regenerative effect on this important commercial area; the area is now looking tired and has, to a certain extent, evolved predominantly into a through-route.
“As well as meeting the next wave of demand for prime office space and headquarters for corporate occupiers in the city centre, this area will be reinvigorated by much-needed improvements to the public realm of Lincoln Square and with the new piazza. We want to create a destination for business, fitting for the scheme’s prime city centre location.”
No major speculative office developments have been initiated in Manchester since the recession hit.
A new office block is to be built in St Peter’s Square, which will boast 270,000 square feet of office space.
Property developers Argent are behind the project, which has been dubbed One St Peter’s Square.
Also Allied London Properties are to fund a new office block at 1 Hardman Square, which will have 350,000 square feet of Grade A office space. Union Investment Group, based in Germany, are also part of the deal.