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Old April 30th, 2015, 09:32 PM   #861
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XYZ Building
Offices | Spinningfields, Midtown

Floors: 9 | Office Space: 160,000sqft

Current Status: Under Construction

Thread: http://www.skyscrapercity.com/showth...#post123638093




Cotton Building has been rebranded to "XYZ".

Construction update from Matthew D:



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Old May 1st, 2015, 10:32 AM   #862
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Quote:
Originally Posted by MatthewDalrymple View Post
What's going on in front of the council building, first street area? The car park seem empty and there is a load of boarded up areas and rubble. I got a load of pics just in case something was happening.
Think it's just a compound for the First St North works, but will eventually be First St South (if that's the site I'm thinking of - by "in front" where do you mean?)
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Old May 1st, 2015, 11:12 AM   #863
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Holiday Inn | Former Employment Exchange Site | Aytoun Street | 8 fl | U/C...

Update...

Quote:
Originally Posted by MatthewDalrymple View Post
Pictures of buildings, thought I'd shake things up -







[url=https://flic.kr/p/s6yBfY[/url]

Seems to be coming along nicely.
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Old May 1st, 2015, 12:20 PM   #864
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Quote:
Originally Posted by VDB View Post
Think it's just a compound for the First St North works, but will eventually be First St South (if that's the site I'm thinking of - by "in front" where do you mean?)
By in front, I think I mean west, but I can't guarantee that. It just looked like the car park was almost empty and was more filed with building equipment than before. I take pictures of anything that could be anything in the future, like the diggers and the fire that happened in the same area just off Tariff Street in case it becomes something, though, in that area, it is probably just more car park.
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Old May 1st, 2015, 01:38 PM   #865
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World's largest radio telescope coming to Jodrell Bank
BusinessDesk: http://www.thebusinessdesk.com/north...s_section=4148

Nick Jackson, May 1 2015


Quote:
JODRELL Bank has been chosen as the headquarters of the world’s largest radio telescope, creating a huge economic boost for Cheshire East.

The famous observatory will remain at the forefront of global scientific research for another 50 years after members of the international Square Kilometre Array (SKA) project expressed their preference for the site, near Goostrey.

The SKA telescope, said to be capable of looking all the way back to the aftermath of the Big Bang, will spread across two continents and comprise 2,500 dishes and one million antennae.

It is estimated to be worth £1bn in private sector investment and will help to secure an additional 200 jobs on the site.

The news comes days after Cheshire East Council agreed to invest £1m in Jodrell Bank as part of a support package that will focus on connectivity and asset enhancement.

Caroline Simpson, the Council’s executive director for economic growth and prosperity, said: “This is a real statement of confidence in scientific research in Britain and also in Cheshire East.

“The Council believes this will lead to further opportunities in the Cheshire and Manchester region and the Council has set out a clear action plan to develop the technology and science corridor in the area. Jodrell Bank plays a key part in this plan.
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Old May 1st, 2015, 01:40 PM   #866
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City boys help launch luxury development
BusinessDesk: http://www.thebusinessdesk.com/north...s_section=4150

Nick Jackson, May 1 2015


Quote:
MANCHESTER City stars James Milner, Eliaquim Mangala and Bacary Sagna have helped to officially launch the start of construction of a new concept in luxury rented accommodation.

They broke the ground at site of CitySuites, designed to facilitate he growing number of business travellers who view Manchester as the UK’s second city for trade and investment.

Joining Trevor Moore, the chief operating officer of Alderley-Edge, Cheshire-based Select Property Group, the trio stepped onto the site on Chapel Street to make the first waves on the build that’s due to be completed next year.

Moore said: “With its global supporter base and on field successes, MCFC helps promote Manchester to a worldwide audience on a weekly basis.

“Manchester’s appeal similarly transfers to the business world, with the region an important European enterprise location. This has seen more international businesses and organisations locate to the city to benefit from a strong economy, fantastic transport links and a rich, vibrant culture.”
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Old May 1st, 2015, 01:46 PM   #867
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Quote:
Originally Posted by VDB View Post
World's largest radio telescope coming to Jodrell Bank
BusinessDesk: http://www.thebusinessdesk.com/north...s_section=4148

Nick Jackson, May 1 2015


I have absolutely loved this for years. This is what got me most though -

'Astrobiologists will use the SKA to search for amino acids, the building blocks of life, by identifying their spectral signatures at specific frequencies.'

How the F is that even possible, but I love it?!
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Old May 2nd, 2015, 05:05 PM   #868
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Here's the tri-monthly development update.




Manchester - May 2015 Development Update


_________________________________________________________


Completed Projects

- Potato Wharf | 102 apartments
- National Graphene Institute | 5 Floors
- Whitworth Art Gallery Extension
- TRANSPORT | Manchester to Liverpool Electrification
- Wythenshawe Bus Terminal
- Gotham Hotel | King St
- Lowry Wharf | 11 floors (altogether 158 apts)






Currently Under Construction

- "Vimto" Apartments | Chapel St | 6 floors | 97 apts**
- Melia Hotel | 12 floors | First Street
- 90 Princess St | 32 new apartments
- First St | Plot 1A | Food Podium
- MotelOne | 14 floor hotel | Piccadilly
- Library Walk Link | St Peter's Square**
- RNCM Refurbishment | Oxford Road | £2.8m
- NOMA | Public Realm Landscaping around Century House
- Manchester Victoria Station Redevelopment
- King St Townhouse, Booth Street, Spring Gardens | 40 rooms
- 56 Dale St Piccadilly | Refurbishment into 26 new apartments
- HOME Cultural Centre | First St
- TRANSPORT | Reopening of Oxford Road subway**
- MAG World Logistics Hub, Enterprise Zone
- TRANSPORT | Todmorden Curve
- X1 Salford Town Hall | 125 new apartments
- "House" | Urban Splash, New Islington, 44 family homes 2&3fls***
- The Point | New Islington Phase 2 | 30 Apartments | 4 floors
- Greater Manchester Pension Fund Offices | 3 floors | Droylsden
- Renaker @ Royal Paragon Ancoats | 5 floor office extension
- Bollin House | Apartments | Edge St Northern Quarter | 6 floors | 16 apts
- First St Multistorey Car Park
- Salford Dock Office | Conversion to 67 apartments
- Airport City Enterprise Zone
- Hazel Grove Station Multistorey Park & Ride
- Chapel St / Caxton St, Salford | 9 Apartments | 6fl
- X1 Salford Quays Phase 3 | 60 apartments | 6 floors
- Leigh>Salford>Central Manchester Guided Busway
- Freemasons Hall Bridge Street Redevelopment
- Oxford Street Cross-Town Bus Priority & New Cycle Lanes
- Drama Hub at Sharp Project
- White City Redevelopment
- Brunswick Redevelopment | £113m
- X1 The Exchange | Salford Quays | 10fl, 140 apartments
- Beswick Community Hub & Connel Sixth Form | Beswick
- Salford University Gateway, New Adelphi | 7 floors | Salford
- X1 Salford Quays Phase 2 | 2x6 floors | 120 apartments
- FC United Stadium | Broadhurst Park | 5000+ seats | Moston
- 40 Chorlton St | Village | 40 new serviced apartments
- Holiday Inn | Former Employment Exchange | Aytoun St | 8 floors
- Angelgate/Tymarco Buildings | 2x19 floors | 434 Apartments
- Exchange Quay $10m redevelopment | New public realm, recladding
- Manchester Smart Motorway M60 J8 to J20
- Hydes Brewery Hulme | Conversion to 73 luxury apartments
- Redevelopment of Ancoats Tower Blocks
- Motel One Cross Street | Commercial Buildings | 8 floors
- MBS Redevelopment | New 20fl Crowne Plaza Hotel | West Booth St
- Christie Hospital: Proton Beam Facility
- Hat Box/ Milliner's Wharf Apartments | New Islington | 8 + 9 floors | 145 apts
- Maggie's Cancer Center | Christie | Norman Foster+Co
- St Peter's Square Redevelopment
- City Suites/16 Chapel St | 17 storey apartment block | 263 apartments
- New Roof, Barton Square Trafford Centre
- XYZ Building, Spinningfields | Offices | 9 floors | 160,000sqft
- Salford New Bailey Office Block | 125,000sqft | 7 fl
- Greengate 1 Office Block | 11 floors | 180,000sqft
- Corn Exchange Redevelopment | Food & Retail
- Salford University; Peel Park Campus | 5fl x 5 / 9fl x 7 / 7fl x 1 blocks
- Redevelopment of Pendleton | Tower Blocks, new homes, etc
- X1 Eastbank | 310 apartments | New Islington
- Cambridge St | 22 floors apartment block | 282 apts (altogether)
- Cambridge St | 28 floors apartment block
- Cambridge St | 15 floors apartment block
- Plot E2 Premier Inn MediaCityUK | New Hotel and offices | 11 floors
- Greengate | 31 floors | Apartments 500 apts (altogether)
- Wilburn St | Block A | 21 floors, apartments | 500 apts (altogether)
- Wilburn St | Block B | 10 floors, apartments
- Wilburn St | Block C | 7 floors, apartments
- Wilburn St | Block D | 13 floors, apartments
- Greengate | 21 floors | Apartments
- METROLINK | Second City Crossing; Victoria to Exchange Square
- ↑UP TRANSPORT | Bolton Transport Interchange Redevelopment
- METROLINK | Second City Crossing; St Peter's to Exchange Square
- TRANSPORT | Airport Station Fourth Platform
- Etihad Stadium | 48,000 Seats | Expansion
- TRANSPORT | Electrification from Victoria to Stalybridge (eventually Leeds)
- TRANSPORT | Electrification between Manchester and Bolton (eventually the Lakes)








Green Projects | Site Clearance Ongoing, Construction Starting Soon

- Hanover House Refurbishment | Offices
- 1 Ellesmere Street Castlefield | 3fl | Apartments | The Roof Gardens | 73 apts
- Cow Hollow Hotel | Newton St | Northern Quarter
- 1 Water Street | 28fl | 301 apartments
- Redevelopment of UoM Precinct and Public Realm
- 8 King St | Corner of Deansgate | Conversion, 21 new apartments
- North Parade, St Mary's Parsonage | Conversion to 71 apartments
- 6 St Annes Square | Conversion to 9 apartments
- Tariff St, Ian Simpson Architects | Piccadilly Basin | 91 apartments, 11 floors
- X1 MediaCity Phase 1 | 26 floors | 275 apartments
- 27 Cross Street | Conversion to 27 apartments
- 16-18 King St | 5 apartments
- Montana House, Princess Street | Addition of two floors | 3 apts
- Swan Square Phase Two | Northern Quarter | Offices | 3fl
- 2 Harter St, Conversion to 22 apartments | Off Princess St
- Ardwick Green Office Block | 4fl | 29A Ardwick Green North
- SEMMMS Manchester Airport Link Road
- Caxton Hall | Chapel St | Conversion to 12 apartments





Blue Projects | Planning Application Approved

- Ancoats Dispensary Building Regeneration
- Number 2 St Peter's Square | 12 floors | Offices
- Three-Star Hilton Garden Inn | Airport City | 8 floors
- Arkwright House, Parsonage Gardens, Refurbishment
- Plots H3 & H6 Airport City | Offices & Hotel
- Angel Gardens | 33 storey resi tower | 458 apartments
- Former Stock Exchange | 4 Norfolk St | Conversion to 35-bedroom hotel
- Bloom St Apart Hotel Salford | 5 floors
- Siemen's Headquarters, Didsbury. | 140,000sqft offices, 90 homes
- 6fl apartment block | Ardwick, opposite the Apollo | 40 apts
- Nuffield Health New Private Hospital | C. Manchester Hospitals
- Trinity | Blackfriars St | 17 + 13 floors, 380 apartments
- Clippers Quay Phase 1 | 2x8 floors | 208 apartments
- Cleminson St/Phillip's Church | Salford | 36 townhouses
- Lowry Theatre | New Entrance & Waterside Restaurant | £3m
- Manchester Science Park, Hulme | Redevelopment Masterplan
- One Spinningfields Offices | 20 stories
- Victoria Mill, Droylsden | 131 apartments & town houses | DeTrafford
- Chapel Wharf | 995 apartments | 23/18/17/15 floors
- Axis Albion Tower Apartments | 28 floors | 173 apts
- Assembly Tower | New 17 storey office block | Titan Investments
- TRANSPORT | Ordsall Chord | Salford | Piccadilly-Victoria Direct
- Middlewood Locks Phase 1 | Plot I | 300 apartments







Orange Projects | Holding Planning Application

- Salisbury House, Conversion to 31 apartments | Granby Row
- George Leigh/Loom St Ancoats | 3 storey terraces | 20x4bed apartments
- Walkden Guided Busway | Disused railway south of Walkden-A580
- Refurbishment of Royal Exchange | 7,038sqft offices
- Overseas House | Deansgate/Quay St | 6 storey office extension
- "Forshaw Group" | 7fl apartments, Simpson St NOMA | 176 apartments
- 52-60 Chapel St, Salford | Conversion to 10 apartments
- Downtown | Salford | 4,7,10 & 15 floors, 372 apartments
- Upper Brook St | Resi Terrace | 3 floors, 13 4-bedroom apartments
- 58-60 King Street | Conversion to 7 apartments
- 64-66 King Street | Conversion to 8 apartments
- 86-88 Market St (above Barclays) | 15 apartments
- Murray’s Mills | 124 apartments | new 5 storey block
- X1 MediaCity Phase 2 | 26 Floors | 275 apartments
- 28 Oldham St | Conversion to a 66 room hotel (above Dry Bar)
- Custom House, Salford Quays | Conversion to 60 apartments
- Palace Hotel Refurbishment | Oxford St
- 5-7 Chapel Walks/Tudor House | Conversion to 9 apartments
- 8-10 Southern St | 2 four storey townhouses | Off Deansgate
- Springfield, Salford | Urban Splash | 71 homes, 100 apartments
- Bentink St/Chester Road | deTrafford | 162 luxury apartments | 12 floors
- Abbey House Mosely St | External Refurbishment of office building
- Citygate Court Mosely St | External Refurbishment of office building
- Former Moss Tavern Pub, Droylsden | 33 apartments | 4 floors
- Gateway House "Extension" | Ducie St | 7 floors
- Cornerhouse Conversion | Metropolitan University School of Theatre
- Manchester Science Park | 53,000sqft, Airport City Area
- New Islington Free School | New Islington
- George Leigh St Ancoats | Former Morning Star Hostel | 22 apartments
- Shelter, 119 Princess St | 11 floors, 64 apartments
- Oxford Road station redevelopment
- X1 MediaCity Phase 3 & 4 | 26x2 floors | 550 apartments
- Piccadilly Station | Platforms 15 & 16
- Adelphi Wharf | Fortis Developments | 500 apartments
- Alpha Place Knott Mill | 7 storey apart hotel | 53 rooms
- Westminster House Portland St | External refurbishment
- Corn Exchange | Boutique Hotel
- The Regent Site | New Office Block, Salford Quays
- King William St | Salford Quays | 12 & 8 floors | 300 student flats
- Astley & Bryom House | Offices | Quay Street | 14 floors
- Peel Park Redevelopment | £2.1m | Salford
- New Bailey riverside | 3x11 floors | 300 apartments
- Union St New Islington | 302 apartments | 8, 9 & 10 stories
- 3 Peter's Square | 12 floors | Office
- Mayfield Depot | Warehouse Project nightclub | Conversion
- TRANSPORT | Metrolink Trafford Centre Line
- Trafford Waters | 3,000 apartments | 80,000sqft office space | Primary School





Red Projects | No Planning Applications, Not Likely To Begin Soon

- New Hotel and apartments Aytoun St | 1960s tower | Capital & Centric | Kampus
- New residential development | Aytoun St, next to 60s tower | Capital & Centric
- Hilton Garden Inn | Emirates Stadium, Trafford | 150 beds
- Former Salford Crescent Police Station | Hotel, Restaurant & Apartments Conv.
- Theatre Royal, Peter St | Redevelopment, New Conference Venue
- Museum of Science and Industry Expansion | $800m | New Exhibition Space
- TRANSPORT | Salford Central Platforms 3, 4 and 5
- Eleska House Hotel | Redevelopment of listed building | Northern Quarter
- Clipper's Quay Phases 2 & 3 | 2x9 floors + 11 floors | 406 apartments
- St John's Quarter | Allied London / Ian Simpson | "Village" + 5 tower blocks, 3000 apartments
- Refurbishment of Newbank & Riverbank Towers, Salford
- Bracken House, Charles Street Conversion | 113 apartments
- Mayfield Masterplan | Piccadilly | 800,000sqft offices, 1,300 homes, 350 hotel beds
- The Sir Henry Royce Insitute | Oxford Square | £250m
- The Factory Theatre | Former Granada Site
- Elisabeth Mill | Reddish | 54 townhouses, 144 apartments | DeTrafford
- Adelphi Manor Wharf Phase 2 | 320 apartments
- Plot A5, Stanley St New Bailey | 11 Storey Apartment Block
- 2 Angel Square Offices | 10 Floors | 200,000sqft
- Pomona Docks Masterplan | Cornbrook Hub, 800 apartments
- MMU: Redevelopment of Mable Tylecote Building, All Saints
- Islington Wharf Phase 3 | 3, 3, 5 & 10 floors, 102 homes
- Murray Mills | Ancoats | 830 apartments, conversion, Manchester City FC
- Cornbrook | 200 apartments | GShutty rumour
- Manchester Engineering Campus Development | £300m
- Bupa Headquarters | Harbour City, Salford | 145,000sqft | 6 floors
- 3 Angel Square | 12 floors
- New Victoria | 500,000sqft office / 597 apartments | Vision
- Great Jackson Masterplan | 5-58 floors | 3,663 apartments | Vision
- Oast House Site Spinningfields | 6,000sqft leisure & hotel | 8 floors
- Barnes Hospital | Cheadle | Restoration & New Apartments
- Urban Splash, Stubb's Mill Refurbishment | 30,000sqft commercial workspace
- Manchester Phoenix Arena | 3,000 seat-stadium/Ice Rink | City Centre
- St John's Place | 36 storey resi tower | 260 apartments
- Oxford Square, Former BBC Oxford Road Site | Masterplan
- 10-12 Whitworth St | 35 floors | 5 Plus Architects, 330 apartments
- Oxford Rd Station Surrounds | 66 apartments, Hotel, 300,000sqft office
- Mackie Mayor Smithfield | Redfurbishment
- Middlewood Locks | 2,000 apartments | 750,000sqft commercial
- Former Gravity Tower | Store St | 500 apartments | 30 floors
- $200m Redevelopment of Manchester Uni Owen's Park Campus
- Jackson's Row Masterplan
- Metrolink Tram Train
- Trafford Waters | 1bn pounds | 3,000 apartments | Peel
- Redevelopment of High St/Market St Arndale Corner | Long Term, 2+ years at least




___________________________________________________________




Statistics & Analysis


As you know I do these every 3 months.


Here are the links to a few other Development Updates I've done over the past year or so:

February 2014: Click

November 2014: Click

August 2014: Click

May 2014: Click

February 2014: Click

November 2013: Click

August 2013: Click

June 2013: Click

March 2013: Click

January 2013: Click




- The number of completed projects (on which construction has stopped, including internal works, and the building or structure is occupied/open) has decreased from 18 in February to 7 now in May 2015.

- The number of projects under construction (on which construction activity has begun, in the form of diggers, of drills or of cranes etc) has increased; from 67 in February to 77 now. This had fallen between November and February, so it's good that it's finally on the rise again. This has been helped out by starts at Wilburn St and CitySuites.

- The number of projects which are 'Shovel Ready' (on which construction has a high chance of beginning by the next Update in three months time) has decreased: from 24 in February to 18 now. This is a good thing, as it means that sites are finally beginning to go from being clear to starting construction. The process of getting a project approved to getting it U/C also appears to be quickening.

- The number of projects which have been approved planning stands at 22.

- Projects holding a planning application which hasn't yet been approved stands at 47.

- The number of "Red" projects (those which are masterplans or visions without a planning application, not including framework applications) has increased by +1 since February to 45.





Overall, another interesting 3 months for Manchester. I'd say this has been the most exciting 3 month period in Manchester for a long time. We now have nearly 2,800 apartments under construction across Central, Salford and Trafford, and a further 13,000 apartments holding planning applications across the same area.

There have been a number of huge masterplans released this quarter - such as Trafford Waters, Middlewood Locks and, more recently, Springfield & Kampus. These three applications alone will deliver thousands of homes to the city. There has also been yet another rise in the number of conversions to apartments taking place - with King Street becoming a hub for this.

Meanwhile, Angel Gardens Tower and Middlewood Locks Phase 1, as well as various plots at Airport City and, of course, the Ordsall Chord (amongst many others) all gained planning approval this quarter, whilst planning applications have been submitted for X1 MediaCity, New Bailey Riverside and the redevelopment of the Royal Exchange (amongst many others).

Hanover House, X1MediaCity Phase 1 and Tarriff St Piccadilly Basin are all beginning to hot up and start construction, whilst Wilburn St, CitySuites, Embankment101, the Christie's Protobeam Facility, and the apartments at Tymarco, behind Victoria Station, have all started construction.

While work at Vimto Gardens, 1st St and Victoria Station draws to a close, construction completed this quarter on the National Graphene Institute, Whitworth Art Gallery, electrification of the rail line to Liverpool, and Gotham Hotel on King St, amongst others.


Here's to another great 3 months!!!

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Last edited by VDB; May 3rd, 2015 at 02:13 PM.
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Old May 3rd, 2015, 11:53 PM   #869
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1st St (North)
Masterplan | City

Floors: Varies | Developer: Ask

Current Status: Under Construction, nearing completion

Thread: http://www.skyscrapercity.com/showth...#post120940963



First St is a new city district revolving around a new boutique arts cinema and theatre. It involves new apartments, student accommodation, an Innside hotel and new shops, bars and restaurants - centred around a new square.

It's now complete and open to the public!

[IMG]http://i60.************/13yrlg.jpg[/IMG]

[IMG]http://i57.************/2uo2h5w.jpg[/IMG]

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Old May 3rd, 2015, 11:57 PM   #870
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Cambridge St
Apartments | Midtown

Floors: 15-31 | Developer: Renaker

Current Status: Under Construction

Thread: http://www.skyscrapercity.com/showth...#post120941091



Picture by Markdeedrop:

[IMG]http://i59.************/a9wirt.jpg[/IMG]
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Old May 4th, 2015, 12:38 AM   #871
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@VDB

Thanks for your coverage of Manchester construction projects.

You haven't got a locked summary of projects thread , just like the London section.
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Old May 5th, 2015, 01:24 PM   #872
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outstanding stuff for Manchester. It's good to see such momentum in construction.

I'm also really looking forward to seeing how Cambridge St. rises and how it affects the whole Manchester Skyline.
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Old May 7th, 2015, 03:25 PM   #873
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Walked past Cambridge St the other day, I had no idea how huge this is going to be.
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Old May 7th, 2015, 06:34 PM   #874
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1 Water St
Apartments | Midtown

Floors: 28 | No. of Apartments: 307 | Developer: Renaker

Current Status: Groundworks

Thread: http://www.skyscrapercity.com/showthread.php?t=442272


Apparently construction equipment has arrived on site to start construction on the 1 Water St tower.

Quote:
Originally Posted by 757 View Post
Site cabins appeared today also so unless this is being used as an overflow for Wilburn St ground works have possibly started?
Quote:
Originally Posted by man med View Post
Digger active on site.



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Old May 8th, 2015, 10:43 AM   #875
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"Freshfields confirms Manchester office move"...

Quote:
A spokesman for Freshfields Bruckhaus Deringer has confirmed that the London-based 'magic circle' law firm will open an office in Manchester city centre in the second half of 2015.

Freshfields instructed Knight Frank on a 100,000 sq ft requirement in central Manchester earlier this year, as part of plans to relocate some legal and support staff from its Fleet Street London office by 2017 as a cost-saving measure.

Contracts were then signed on 40,000 sq ft in Manchester's Arndale House in April, as an interim base while the firm continued its hunt for a new-build office.

Initially staff were expected to have moved to Manchester by the beginning of 2017, but the deal at Arndale House will allow for a Northern office to be established in the coming months while the firm decides on its long-term base.

Previous requests for comment from Freshfields on the Manchester move have been declined, and in terms of the lease in Arndale House, a spokesman at the time said that they could not comment on market speculation.

For its permanent base, the firm is understood to be considering Muse Developments' One New Bailey, Ask Developments' 101 Embankment, Argent's One St Peter's Square, Mosley Street Venture's Two St Peter's Square, and Allied London's Cotton Building.

Arndale House is a 23-storey office building set within the Manchester Arndale Shopping Centre. M&G Real Estate and Intu are the landlords. The joint letting agents are JLL and TSG Property Consultants.
www.placenorthwest.co.uk
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Old May 11th, 2015, 11:26 AM   #876
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First Street...

Quote:
Originally Posted by nq View Post
Flyer for the First Street party, part of the HOMEwarming weekend. DJs on the Q-Park roof.


http://cityco.com/news/2015/may/8/fi...-street-party/

Also the pyrotechnic fanfare on the Thursday.

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Old May 11th, 2015, 01:14 PM   #877
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"Buyout Investors Flock to U.K.’s ‘Northern Powerhouse" ...

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A handful of private equity firms are gearing up to raise hundreds of millions of pounds to spend on buyouts in the North of England, where deal makers are looking to profit from the government’s plans to turn the region into an economic powerhouse for the U.K.

Manchester-based Palatine Private Equity recently launched its third fund with a 200 million U.K. pound target and a hard cap of roughly £220 million and is already oversubscribed, according to two people familiar with the matter. Evercore is acting as the placement agent for the fund, which is larger than its £150 million second vehicle raised in 2013.

The fund is likely to reach a final closing before June.

Meanwhile, NorthEdge Capital, a Manchester-based firm set up by former deal makers from LDC, has hired UBS to raise its second fund later this year, according to a third person familiar with the matter. The fund is likely to target roughly £250 million, making it larger than its £225 million debut fund that closed in 2013.

Beech Tree Private Equity, a Manchester and Birmingham-based firm set up by two former partners at Gresham Private Equity , also recently secured backing from fund of funds managers Access Capital Partners and Adams Street Partners for a fund that will invest heavily in the North and the Midlands.

The launches follow a speech by George Osborne last summer in which the Chancellor of the Exchequer outlined plans to make the cities of the north a powerhouse for the U.K. economy. Ideas included building a high speed rail connection between Manchester and Leeds, backing science and universities, and improving city governance. His ambitions were also a key part of this year’s Budget, announced in March. If put into action, industry figures said the plans would inevitably lead to more deals in the region.

“If you sort the infrastructure out and you make the North more powerful with greater GDP growth and greater attractiveness to businesses, you should therefore increase deal activity, ” said Christian Mayo, head of KPMG ‘s corporate finance practice in Yorkshire. “It’s a great idea, but we need more than words to make it happen,” he added.

Deal activity in the North of England has gradually picked up since the financial crisis to levels not far off their precrisis peak.

There were 60 buyouts worth £3.8 billion in the region last year compared with 84 worth £5.9 billion in 2007, according to the Centre for Management Buyout Research.

By value, deal activity in London and the South East has struggled to reach precrisis levels. There were 86 deals worth £7.8 billion in the region last year, compared with 116 deals worth £30 billion in 2007. Private equity firms with offices in the North of England also face less competition compared with their southern neighbors. A total of 541 private equity firms have offices in London and the South East, compared with just 61 firms with offices in the North, according to Preqin.

Firms based in the North have also benefited from the withdrawal of firms such as Gresham, 3i Group and Montagu Private Equity, which have all closed their Manchester offices in recent years
http://blogs.wsj.com/privateequity/2...rn-powerhouse/
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Old May 12th, 2015, 09:16 PM   #878
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2 St Peter's Square | 54m | 12 fl ...

Originally posted by jrb

from property week.


Quote:
Deutsche poised to complete deal for EY’s Manchester base

8 May 2015 | By Richard Williams

Deutsche Asset & Wealth Management is on the verge of completing the forward purchase of EY’s new Manchester office building for as much as £100m.

In what will be a huge fillip for the regional market, the German fund is in advanced negotiations to buy No 2 St Peter’s Square, which is owned by Betfred boss Fred Done.

The two parties are thought to be just days away from signing the deal, which will be priced at a target yield of between 5.25% and 5.5%.

Deutsche has been looking to acquire a trophy office building in the buoyant Manchester market for several months but missed out on various big-ticket opportunities last year.

However, the fund is now in pole position ahead of other UK and European funds to bag the landmark office scheme, which will become home to accountancy giant EY after it signed up to a 15-year lease for 41,628 sq ft of space in the building earlier this year.

Based on the rest of the 162,000 sq ft office and 5,100 sq ft leisure space being let at prime Manchester city centre rents, the forward purchase deal could be worth as much as £100m.

Fred Done is the principal owner of Mosley Street Venture, the developer of the building, which launched the search for investors to forward purchase the scheme following the letting to EY. That deal was agreed at a headline rent of £31.50/ sq ft in March.

Work on the 11-storey building, which replaces the 1960s-built Century House, Sussex House, Bennett House and Clarendon House, has already started.

The building sits opposite the city’s central library and Town Hall and next to Argent and Greater Manchester Property Venture Fund’s newly built One St Peter’s Square, whose tenants include KPMG and DLA Piper.

Deutsche’s holdings in Manchester include Co-operative Group’s headquarters, One Angel Square, which it bought in 2013 with Chinese state-owned Gingko Tree Investment in a £142m deal.

All parties declined to comment.
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Old May 13th, 2015, 11:35 AM   #879
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2 St Peter's Square | 54m | 12 fl | Demo...

Gone...


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Originally Posted by SteKnight View Post
And they're gone...


Now let the new build begin !!
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Old May 13th, 2015, 12:20 PM   #880
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Construction should be starting on this soon:



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