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Old July 5th, 2015, 06:29 PM   #1061
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Meanwhile back across town in Spinningfields...

XYZ | Spinningfields | 38m | 9 fl | U/C

Things taking shape quickly now...

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Originally Posted by markydeedrop View Post
XYZ taken today







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Old July 6th, 2015, 04:40 PM   #1062
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And over on Chapel St...

CitySuites | Chapel St | Greengate | 54m | 17 fl | U/C

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Old July 6th, 2015, 08:06 PM   #1063
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Office News...

Remake, remodel: Manchester turns to refurbished offices

3 July 2015 | By Helen Crane

Property Week

Quote:
The office market in central Manchester is booming. Research by the Manchester Office Agency Forum shows total take-up in the city reached 1,332,596 sq ft in 2014 - just 295 sq ft less than the highest figure ever recorded, in 2001, and an increase of 55% on the previous year.

High-profile lettings at the prime end of the market have contributed significantly to this success. More than 400,000 sq ft of new grade-A space was absorbed in the city in 2014, and space let at rents exceeding £25/sq ft doubled year on year. The city’s latest new grade-A development to come to market, One St Peter’s Square, saw headline rents pushed to around £32/sq ft.

The result is a flurry of building, with 800,000 sq ft of prime, grade-A office space under construction in the city. These include MUSE Developments’ One New Bailey, Tristan Capital’s partnership with ASK at 101 The Embankment and Allied London’s Cotton Buildings in the Spinningfields business district.

However, the majority of developments are between 12 months and two years away from completion, and just 200,000 sq ft will be completed by the end of 2015.

“There is a question mark over the fact that, other than One St Peter’s Square, which is ready to go, we just don’t have a queue of grade-A buildings sitting there ready to be taken,” says Stephen Downey, corporate director in the Manchester office of property consultants GL Hearn. He cites the recession and the consequent lag in the development pipeline as the reasons for this, and is confident that the market “is correcting itself”. But where does that leave occupiers who don’t want to wait for a prelet?

“Secondhand buildings will be there, and that’s probably why they will be going for a premium price,” Downey says.

John Ogden, managing director of CBRE’s North West office, agrees: “The time of the office refurb is back,” he says. “Really good quality office refurbishments are just as exciting, if not more so, than some of the new-build stuff we’re seeing.”

Buildings that would have seen headline rents as new developments 10-20 years ago are being eyed by developers who consider them ripe for high-quality refurbishment. Agents are terming this ‘grade-B+’ space, and at the top end these buildings can command rents of up to £25/sq ft. With several large legal and professional services firms leaving to move to the newest, most sought-after developments, the buildings they vacate are considered ones to watch.

A case in point is St James’ House, which was the home of KPMG in Manchester until it left recently to move to One St Peter’s Square. Last month, it was sold to the Tesco Pension Fund as a vacant property by The Crown Estate at a price of £18m. This represents an overpayment of £6m on the asking price, and market sources say this indicates the fund is likely to refurbish it into higher-quality office space, having factored in strong rental returns.

An example of a completed refurbishment is Churchgate and Lee House, a 250,000 sq ft, grade II-listed Victorian building within the city’s central business district, which has been converted into an office scheme. Former owner Angelo Gordon and its UK-based joint-venture partner, Dunedin Property, decided to spend £1m upgrading reception and meeting areas in the building in 2014 before selling it to Helical Bar later that year. The joint venture paid a rumoured £23m for the building in 2012, and it was sold for £34m, which represents a net initial yield of 5.7%. Helical has recently let 10,084 sq ft to Co-operative Travel at a rent of £16.50/sq ft on a 10-year lease, and 11,217 sq ft to JISC at a rent of £16/sq ft, also on a 10-year lease.

“It provides absolutely first-class, grade-A accommodation at a rent that’s substantially lower than a new build is going to be,” says Ogden of CBRE, which is the lettings agent for the building.

At Salford’s 433,637 sq ft out-of-town office complex Exchange Quay, which was known as the Canary Wharf of the north when it was built in the early 90s, landlord Hunter Real Estate Investment Management is carrying out a £10m refurbishment to bring the buildings up to grade-A standard. This has encouraged tenants Sage to sign up for a further 10 years on their 28,000 sq ft of space.

The quoting rent on new lettings is £16/sq ft, and since the start of 2014, new and existing tenants including GlaxoSmithKline Research and Development, Boxchange Associates and North West Employers have taken space.

Jeremy Birkett-Jones, head of investment at Hunter, says creating attractive surroundings is as important as the building itself.

“It’s easy to look at the estate and say it needs a facelift, but it’s more than that,” he says. “While the company finance director is going to be looking at the bottom line - and in terms of occupation costs we are very competitive even in the context of the Quays - to make it work we’ve also got to look at the occupational experience.”

Hunter has recently appointed Elior to manage new food and retail amenities on the site, including a restaurant and coffee shop.

Talking about the target occupiers, Downey says: “There’s obviously a premier league of corporates that want to have these buildings that reflect their brand and culture, but others that are quite happy to take something different.”

He adds that even international legal firms are prepared to consider refurbished space. This was illustrated recently by Freshfields’ move into 40,000 sq ft at Arndale House, a refurbished office scheme located above Manchester’s main shopping centre - although the move is temporary while the law firm searches for a permanent base in the city.

With active requirements amounting to more than 300,000 sq ft, inward movers in Manchester may also be attracted to refurbishments - particularly those who are still feeling cautious post-recession. “If you’re an occupier and you haven’t coasted through the financial crisis, you won’t necessarily want to be seen spending money on large, statement buildings,” says Downey. In a refurbished space, he says, “you can be in a building that your employees are incredibly happy to work in, and one that is potentially as good as a new build”.

SMEs and start-ups are also an obvious fit for the unique heritage properties that refurbishments can provide. Hello Work provides office space for small businesses in Manchester’s Old Granada Studios, a redevelopment of the city’s old ITV television studios. “I think people like to talk about their space,” says Alexander Hill, who is responsible for business and operations at the firm. “If you take the layperson into a corporate grade-A space, it’s not easy to start talking about the office. But if you take them into Old Granada Studios and you say ‘this is where ITV was based’, it starts a conversation.”

The first rule for investors looking to capitalise on the refurbishment market is that they must act quickly to take advantage of current market conditions, according to Chris Cheap of Bilfinger GVA’s Manchester office. However, he says that does not mean they can compromise on quality. “Landlords and developers need to take care, though, to provide a refurbished product that is comparable in specification to new space and is future-proofed from the trajectory of green legislation.”

As much of the market for refurbishments in Manchester is made up of tenants who may have initially been seeking new grade-A space, design quality is also vital. Conrad O’Neill of Manchester office agent Canning O’Neill says occupiers moving into grade-B+ space are not always driven by the bottom line. “Product differentiation is vitally important as tenants cease to search out the bargain deals, and those landlords who pay attention to detail and design will prosper,” he says.

With demand for office space unlikely to be satisfied for at least a couple of years, it seems for now the market for refurbishment will go from strength to strength.
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Old July 6th, 2015, 11:27 PM   #1064
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Quite a small project, but it's part of Manchester Life's plans to build 55,000 homes in the city centre and Eastern part of the city. Manchester Life is mainly funded by the same Arabs who own Manchester City football club.



Cutting Room Square
Apartments | Ancoats, Civica

Floors: 8 | No. of apartments: 30 | Developer: Manchester Life

Current Status: Plans released, pre-consultation

Thread: http://www.skyscrapercity.com/showth...#post125351116



Consultation information: http://mcrlife.co.uk/documents/HoodStreet.pdf

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Old July 7th, 2015, 11:41 AM   #1065
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XYZ | Spinningfields | 38m | 9 fl | U/C...

Quote:
Originally Posted by Lee F View Post
absolutely flying up now... ground floor and first floor floorplates complete and looks like they've near enough finished the 2nd floor...



it's actually starting to look like the render now with the external exposed concrete already in place for the base and lower floors of the building.... however, it looks like they've done away with the double-height atrium - looks like the ground floor is single-storey height rather than double height as the renders show... presumably to squeeze an extra floor of revenue-generating office space in...


Source: AlliedLondon
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Old July 8th, 2015, 04:53 PM   #1066
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10-12 Whitworth
Apartments | Civica

Floors: 35 | Height: 117m | No. of apartments: 327 | Architect: 5Plus

Current Status: Planning application submitted

Thread: http://www.skyscrapercity.com/showth...#post125394231




Planning application has been submitted for Manchester's 2nd/3rd tallest building (depending on whether Angel Gardens is built).

Quote:
108705/FO/2015/C1 | Demolition of existing building at 10 - 12 Whitworth Street West, and redevelopment of the site for a new 35 storey residential building (Use Class C3) comprising 327 apartments, with associated resident's services, facilities and communal spaces: servicing, highways, public realm and associated works. | 10-12 Whitworth Street West Manchester M1 5WY
http://pa.manchester.gov.uk/online-a...=NN7VI0BC01D00



Roof garden:





Together with Axis, a cluster is forming:

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Old July 9th, 2015, 02:59 PM   #1067
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More powers devolved to the City yesterday during the Chancellor's Statement.

Budget 2015: Manchester wins more devolved powers
BDNW: http://www.thebusinessdesk.com/north...s_section=4148

Alex Turner
Thursday, July 9, 2015


Quote:
Land

GMCA will work with government to create a Greater Manchester Land Commission. The Commission will have an overview of all publicly-owned land in the region, including that owned by government and other public sector bodies. It will look at and co-ordinate how that land can be used to support Greater Manchester’s wider ambitions - including the need for 10,000 new homes a year to support its growing economy and communities - and address any barriers to such land being developed. The Commission will be jointly chaired by the Mayor and housing minister and will include ministers from other key landowning departments.




Planning

Further powers over planning will help the elected Mayor encourage regeneration and development in Greater Manchester.

These include:
The ability to create Mayoral Development Corporations which can help drive regeneration and advance complex development schemes. Any such development corporations would have to be agreed by the leader of the Greater Manchester local authority in which it would have powers.

Compulsory purchase powers for the Mayor, again subject to the agreement of the leader of the local authority in the relevant area.




Fire

In addition to taking on the functions of the Police and Crime Commissioner from 2017 (subject to legislation), the directly-elected Mayor will oversee the work of Greater Manchester Fire and Rescue Service. This will help enable emergency services to be better integrated.




Children’s Services

Local authorities and the government will work together to review where children’s services – both those delivered by councils and other providers – can be better integrated and more efficient. Any proposals would be subject to approval by government and individual local authorities, the latter remaining accountable for overseeing the delivery of children’s services in their areas.




Employment and Skills

Previous devolution arrangements have given Greater Manchester influence over around 40 per cent of skills training delivered in the area. In this new agreement the government has committed to exploring how the city region can have greater flexibility in employment and skills programmes to reflect the priorities of Greater Manchester, including greater co-commissioning responsibilities.




Sunday Trading

The government has announced it will consult this summer on devolving powers over Sunday Trading to Manchester. This would give the elected Mayor of Greater Manchester flexibility to make alterations to Sunday trading regulations.




Health and social care

As health leaders in the region continue work to develop a Strategic Sustainability Plan, showing how they will deliver improved and sustainable services for Greater Manchester people, the government has pledged that this will be aligned with the Spending Review process for health and social care – enabling greater certainty as funding levels will be known for a longer period than is currently the case.





Tony Lloyd, interim Mayor of Greater Manchester, said: "Today’s announcements are another welcome sign of progress in Greater Manchester’s journey to becoming a place of opportunity for all.

"The role of individual local authorities in shaping the future of their own areas is as strong as ever. But by working together, we are increasingly seeing Greater Manchester being empowered to make decisions which address the region’s priorities and needs – rather than being dictated to by Whitehall and Westminster.

"There are welcome announcements in today’s budget, the increase in the minimum wage will bring money in to the pockets of Greater Manchester families and businesses. One thing that will hold us back is the decision to withdraw grants from the poorest students going to university and there is a glaring omission, the Government have today failed to keep their promises on the rail projects that are key to the delivery of northern economic growth and I challenge George Osborne to tell us when he will deliver on this promise. We also need to see the full details of proposed cuts as these emerge."

Moves to strengthen Greater Manchester by giving the region more freedoms and flexibilities began with the groundbreaking devolution deal signed with government in November 2014. This saw the region take on new powers in transport, policing, planning and housing. Flowing from this agreement an interim mayor, paving the way for an elected mayor from 2017, has been appointed to work alongside the area’s 10 council leaders to drive forward improvements.

Building on this platform, an historic Memorandum of Understanding around health and social care integration was signed earlier this year between the 10 Greater Manchester local authorities, 12 Clinical Commissioning Groups and NHS England, preparing the ground for full devolution of a budget of around £6bn to Greater Manchester in 2016/17.

The March 2015 Budget also announced a pilot scheme in Greater Manchester and Cheshire East to enable the retention of 100 per cent of any additional business rates growth.

The Cities and Local Government Devolution Bill, currently going through Parliament, will enable the transfer of a range of functions to Greater Manchester Combined Authority and an elected Mayor. A further Buses Bill, enabling bus franchising, will be introduced shortly.
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Old July 10th, 2015, 01:11 PM   #1068
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It will be interesting to see how these devolved powers are utilised.
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Old July 10th, 2015, 07:22 PM   #1069
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XYZ Building
Offices | Spinningfields, Civica

Floors: 9 | Office Space: 160,000sqft

Current Status: Under Construction

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





Construction update by Lee F shows the completion of the second floor slab:

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Old July 11th, 2015, 12:32 PM   #1070
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A must watch!

A great insight into the Manchester International Festival, and how culture and regeneration have impacted on the city over the years. Some great shots and old footage of the city.

Quote:
Newsnight live form MIF. 10.7.15.

Newsnight - 10/07/2015

Kirsty Wark presents a special edition of Newsnight live from the Manchester International Festival.
Newsnight Programme website
Credits

http://www.bbc.co.uk/iplayer/episode...night-10072015
.
First shown: 10:30pm 10 Jul 2015
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Old July 14th, 2015, 06:40 PM   #1071
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Oxford Square Phase 1
Masterplan | Midtown

No. of apartments: 650 | Office: 400,000sqft | Developer: Bruntwood

Current Status: Pre-Planning/Vision

Thread: http://www.skyscrapercity.com/showth...#post123105881





Quote:
Bruntwood brings Select on board for Oxford Road resi

14 Jul 2015, 11:13
Bruntwood has named Select Property Group as residential development partner for the four blocks containing a total of 650 units at the £750m scheme planned for the former BBC site in Oxford Road, Manchester.

Manchester City Council approved the masterplan for the nine-acre area in April. The development will comprise 1.2m sq ft of offices, anchored by the 400,000 sq ft Sir Henry Royce Institute for Materials Research & Innovation, that Bruntwood will deliver alongside its science and technology arm, Manchester Science Partnerships.

Alderley Edge-based Select will work up detailed plans for the four residential blocks to comprise 650 studio, one, two and three bedroom apartments, together with two serviced apartment buildings, that will predominantly be occupied by international students. Select’s Vita Student brand developed high-end student accommodation at nearby First Street on a site acquired from Ask. Former Ask chief Ken Knott joined Vita as a board director in late 2013.

Chris Oglesby, chief executive of Bruntwood, said: “We chose to work alongside Select due to the strong alignment of their customer focussed proposition with ours. Working together, we aim to deliver a fully integrated residential and commercial community to our target market.

“It is, however, their customers and ongoing management of the residential space alongside our management of the commercial and wider place that will create a truly distinctive new community that will help drive this city’s continued growth.”

Mark Stott, chief executive of Select, said that new development would be “unlike anything in the city.”
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Old July 15th, 2015, 12:15 PM   #1072
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Axis Tower
Apartments | Civica

Floorcount: 28 | No. of apartments: 173 | Developer: Property Alliance Group

Current Status: Site clearance beginning

Thread: http://www.skyscrapercity.com/showthread.php?t=443838





All systems go!

Quote:
Originally Posted by SkyCam Media UK View Post
My MD had a meeting on site this week to plan our deliveries to site, this is a full go project now


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Old July 15th, 2015, 05:20 PM   #1073
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Such a small ugly area to be turned into a big tall beautiful building. they have their work cut out for them. Can't get over just how small that area is.
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Old July 15th, 2015, 05:57 PM   #1074
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Really incredible bulking of what was already bulky. Plenty more to start?

6 u/c adding to the bulk of the existing 8.

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Old July 15th, 2015, 07:35 PM   #1075
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Wow! Another great proposal. A cluster is forming quite nicely in Manchester...
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Old July 15th, 2015, 08:17 PM   #1076
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All getting pretty serious now

WSP | Parsons Brinckerhoff lands high-rise jobs

Quote:
The Manchester offices of WSP | Parsons Brinckerhoff have been appointed to provide engineering services on two new landmark schemes in Manchester city centre, the ‘vertical village’ for Allied London at St John’s and the redevelopment of Astley House and Byrom House on Quay Street into 270,000 sq ft of offices on 14 floors.

The 597-strong team – 192 employed at WSP in Salford Quays and 405 at Parsons Brinckerhoff in Oxford Road – has been appointed to bring engineering consultancy to the first phase of Allied London’s planned ‘vertical village’, situated on land formerly part of the ITV estate. Part of Allied London’s new St John’s neighbourhood, the scheme will contain 1,200 homes in six interconnecting towers across two sites and incorporate cycle sheds, shops and restaurants fronting the river, with potential for medical and education facilities, as well as office space.

WSP | Parsons Brinckerhoff is supplying a range of services including civil and structural engineering, building services, façade engineering, vertical transportation, geotechnical and fire assessments for the first phase of the scheme – which includes two interconnected 50 storey and 35 storey towers. The team has worked closely with architects Child Graddon Lewis on the detailed planning application which will be submitted in August.

The WSP | Parsons Brinckerhoff Manchester team also helped achieve planning this month for the redevelopment of Astley House and Byrom House on Quay Street into a 270,000 sq ft office space. The new scheme, from West Midlands Pension Fund, advised by CBRE Global Investors and designed by Stride Treglown, will be divided into three blocks which range from 14 storeys to six storeys and include a restaurant and café unit. WSP | Parsons Brinckerhoff is providing a range of services including structural engineering, site investigation and environmental impact assessments.

Peter Lloyd, senior technical director of building structures at WSP | Parsons Brinckerhoff, said: “These project wins are a great achievement for the team and a chance for us to showcase our high rise credentials in the North West where, for a number of years throughout the recession, the market has lain low. It is pleasing to see these kinds of ambitious designs both being submitted, and achieving planning, and we’re look forward to cementing our reputation as the leading specialists in high-rise developments in the region. It is a great opportunity for us to utilise the skills that our team has employed on projects nationally and internationally, on home soil.”

WSP acquired Parson Brinckerhoff in October 2014 to create a global group with combined revenue of $4.8bn. The consultancy is currently working on a number of high profile schemes across the North West including Omega, Bridge Street regeneration scheme in Warrington and the Stockport station masterplan which is due to be submitted later this month.
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Old July 16th, 2015, 11:40 AM   #1077
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Deansgate-Castlefield Metrolink Station
Tram stop | Civica

Cost: £10m | No. of platforms: 4 | Funding: ERDF

Current status: Under Construction

Thread: http://www.skyscrapercity.com/showth...#post125597497








Part of Metrolink's second line through Central Manchester involves the redevelopment of all the major stations along the route - Victoria, St Peter's Square and Deansgate-Castlefield, which will all be expanded with two new platforms and new features, usually unique to the rest of the network.

Here at Deansgate-Castlefield, Metrolink are building "an oasis in the city"- so the tracks are covered in grass, the platforms are green and there are trees everywhere, including a garden next to the station - and a green wall.

Here's the progress:

Stairs being installed at the green wall:








The garden is looking a little drab at the moment, but come Spring it'll be vibrant:







Showing the green tracks:



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Old July 16th, 2015, 08:21 PM   #1078
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The works on Deansgate Castlefield stop are going to look stunning can't wait to see this finished
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Old July 18th, 2015, 12:31 PM   #1079
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1 Water St
Apartments | Midtown

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

Current Status: Under Construction

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




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Old July 19th, 2015, 11:43 AM   #1080
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Holiday Inn | Former Employment Exchange Site | Aytoun Street | 8 fl | U/C...

Onwards and upwards work continues at pace..

Quote:
Originally Posted by paul62 View Post
See the tree, how big it's grown,
but friend it hasn't been too long,
it wasn't big ...







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