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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.
Editor’s notes: The demolition of Brazennose House was completed in 2018. John Matthews Architects designed the new property, named The Lincoln, that delivered 110,000 square feet and a 5th-floor roof garden.
As of July 2023, there was 92,969 square feet of office space available to rent at The Lincoln with suites starting from 14,155 square feet.
The BREEAM ‘Excellent’ building boasted an EPC A rating.
In late July 2023, it was announced that flexible office provider Cubo Work was to be The Lincoln’s first office tenant and had signed for 16,000 square feet on a 12.5-year lease. The flex space company would provide Hot Desks, Designated Desks, Private Offices and its Cubo Studio product at the property.
One St. Peter’s Square was completed in April 2014 offering 271,000 sqft of BREEAM ‘Excellent’ Grade A office accommodation. As of July 2023, the building was occupied by Addleshaw Goddard, CBRE, DLA Piper, KPMG, Irwin Mitchell, KPMG, Mazars and WeWork and there was space being marketed at the property.
See what type of space WeWork provides at 1 St Peter’s Square Manchester
In April 2013, it was announced that Prupim would be renamed M&G Real Estate.