The two parties have come together to turn a building called ‘Landmark’ into a 13-storey building with several hundred thousand square feet of high-quality office space available to rent in Manchester.
Landmark sits on the site of what was until a decade or so ago an Odeon cinema complex in Manchester city centre, and it is adjacent to St Peter’s Square, much of which is currently being redeveloped.
Planning permission to turn Landmark into available office space has already been granted, although no concrete plans are yet in place for development work to begin on a speculative basis. Nonetheless, Hines has made clear its intention to commit to the project and its satisfaction at having agreed the terms of a joint venture with Manchester & Manchester Metropolitan Properties.
“We have been looking at opportunities in Manchester for some time and are delighted to have finally secured such a prime city centre site,” explained Hines director Anthony Leonard.
“Availability of quality office space will become scarce and, with few new buildings under construction, we believe there is a tremendous opportunity in Manchester to deliver new Class A space.”
Hines UK has commercial property development projects either ongoing or in the pipeline with an overall value estimated to be in excess of £750 million, including several in central London and two in Birmingham.
The property analyst firm GVA recently released a report suggesting Manchester and other UK cities may soon face an acute shortage of Grade-A office space to rent unless action is taken to increase supply.
Editor’s Notes: In April 2023, the 180,000-square-foot BREEAM ‘Excellent’ office building was well let due to its convenient position just steps from St Peter’s Square tram hub, the high levels of natural light, achieving WiredScore ‘Platinum’ accreditation, being Well-enabled, the Smart building management system, as well as many other sought-after features.
Tenants of the property included HSBC, which, via a corporate managed office agreement, took space with flexible workspace provider Hana, part of the international workspace operator group Industrious.
Other high-profile tenants included Allianz Insurance, which leased 10,883 square feet; Grant Thornton, which rented 13,219 square feet of office space; Santander, and Starling Bank; and JLL, an international commercial real estate advisory firm.
In February 2019, the commercial property agent agreed to the first pre-let deal, securing 13,896 square feet on the 10th floor, with completion expected in 2020.
In April 2023, 69,316 square feet were available to rent, with suites available to accommodate requirements from 13,143 sqft. Quoted rent was above £35 per square foot, depending on the floor.
For those seeking less space, Hana by Industrious allowed companies to rent office space by the desk.
The space also offered coworking desks, private and serviced office suites, meeting rooms and collaboration zones.
Unlike traditional office leases, the workspace offered low-commitment, short-term contracts with all-inclusive pricing.
As of October 2026, One St Peter’s Square was fully occupied with tenants including Addleshaw Goddard, CBRE, DLA Piper and others.
Mazars was also listed as a tenant; however, in February 2026, it was reported that the Audit, tax, and advisory firm was due to vacate the building later in 2026.