Barclays deal still in play as Mayfield offices progress

Developer U+I will submit planning applications for offices totalling nearly 300,000 sq ft at Manchester’s Mayfield over the next two months with a major deal with Barclays still on the table.

The Mayfield Partnership has revealed plans for two office buildings at the Baring Street Campus part of the site behind Piccadilly Station: the first totals 72,000 sq ft with a larger 220,000 sq ft office set to follow.

Plans were revealed for the 72,000 sq ft office in May this year as part of an opening planning application which will feature a 550-space multi-storey car park, half of a new “city park”, and road access arrangements. This application is due in September.

Earlier this month, the Mayfield Partnership also announced it would be bringing forward a 220,000 sq ft office at the Baring Street Campus in response to occupier demand; a planning application will follow in October.

It is understood the building is not being lined up for a single tenant, with the Partnership instead expecting around four or five tenants in the building. The smaller office is also more likely to be multi-let, and is set to be delivered speculatively, with positive discussions understood to be ongoing with funders.

Bennetts Associates is the architect for the 72,000 sq ft office while Morris + Company has designed the 12-storey, 220,000 sq ft office.

Mayfield has long been rumoured as the target for Barclays Bank’s 600,000 sq ft office requirement, with market rumours circulating since last year that the bank had been looking to agree a deal.

Talks are ongoing with the bank but it appears unlikely that either of the Baring Street campus offices are being targeted; instead, Place North West understands Barclays is eyeing a “campus style” development elsewhere in the Mayfield masterplan at the Mayfield Depot part of the site, where a number of large-scale office towers are planned.

CBRE is advising Barclays on its hunt for an office campus. The bank already has a significant base in central Manchester at its 80,000 sq ft facility in 4 Piccadilly Place. The bank also has a technology campus covering 64 acres in Radbroke, Knutsford, where it employs more than 3,500 people.

As well as Manchester and Cheshire, the bank also has a contact centre in Liverpool, housing around 1,000 staff. Barclays announced plans to create 300 jobs at the office at Wavertree Technology Park in 2016.

Barclays has not confirmed whether any of these facilities will be closing, or which staff would be relocating as part of the plans.

The Mayfield Partnership is made up of U+I, LCR, Manchester City Council, and Transport for Greater Manchester. Overall, the £1.1bn Mayfield masterplan could provide 1,500 homes, a 650-bedroom hotel, retail and leisure space, along with more than 800,000 sq ft of offices and a city park along the River Medlock.

Your Comments

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The Barclays deal would be massive, what a time to live in Manchester

By York Street

Why can’t Liverpool host this 600,000 sq ft requirement?

Why is Liverpool absent from discussions on this?

Why is Liverpool always absent?

Answers on a postcard to the useless “Liverpool” Echo, which allows useless “Liverpool” “politicians” to get away with costing useFUL Liverpool people their jobs through their collective self serving inability.

As per RBS and Liverpool founded Direct Line, as per probably soon to be BT, and probably as per this. Will Liverpool get to keep Rathbones even?

By Mike

I hope they don’t build any of this and just leave it alone

By Steve

Isn’t this going to be next to the HS2 station which so many people on here think is a waste of money? If this stops at Birmingham then perhaps Barclays will decide that Manchester is not worth the investment.

By Elephant

Why is Mike talking about Liverpool ?

By Anon

@Anon because Barclays already has a presence in Liverpool?

By MasterMind

Liverpool needs to raise its game, where is the airport access, where is the new grade A office plates, where is the pro business council?

By Stuart wood

Elephant, if Barclays are aiming to consolidate in the North then even if HS2 is binned this new development will still be right next to Piccadilly Station and will still therefore provide the fastest rail connection to London from any Northern city.

By Howard

The economy is being re-shaped in front of our eyes, getting sucked into a small number of major city regions with the bigger talent pools, universities and transport links. We are lucky that the NorthWest has more than a fighting chance to have one or both of its city regions in that endgame. The cities that should really worry about Manchester are over the Pennines.

By Rich X

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