The developer is working with 5plus Architects on proposals for a 15-storey scheme close to Property Alliance Group’s Oxygen Tower in Manchester, after a previous planning consent secured by Westward Estates Developments lapsed.
A proposed 135,000 sq ft office building on Deansgate were knocked back by Manchester City Council, while the conversion of the Rylands building on Market Street into an office-led mixed-use development was given the green light.
The city council has approved the upgrade of the HSBC UK National Cycling Centre on Stuart Street, prolonging the lifespan of the 25-year-old arena and ensuring that international events continue to be staged in Manchester.
The developers of the £1.4bn Manchester mixed-use scheme are starting to scout the market for pre-lets and financing for the first commercial offering, 320,000 sq ft of offices due to start on site this year.
The listed developer, which has begun a 12-month review to cut costs, is eyeing two further regeneration opportunities in the city to expand its activities beyond the Mayfield scheme, according to its chief executive.