The developer will shortly start the construction of XYZ Studio, a temporary events space next to the site of its 160,000 sq ft XYZ Building in Manchester’s Spinningfields.
The studio will act as a ‘public interface’ for the XYZ brand, with a series of events in the space to be announced in October. The XYZ office building has been on site since earlier this year, on a plot between the RBS back-office and the Civil Justice Centre.
The block is being speculatively developed with £10m Evergreen funding matched by £10m of private sector investment by Allied London.
XYZ will total 160,000 sq ft with 20,000 sq ft floorplates, alongside 30,000 sq ft of public amenity space for tenants including a bike park, climbing wall, leisure facilities and start-up and co-working space.
The concept of the building is to provide blank offices for tenants to customise, with lighting and heating elements to partition walls and furniture.
XYZ is due to complete in autumn 2016.
The building was designed by Cartwright Pickard, advised by planners at Deloitte Real Estate.
Michael Ingall, chief executive of Allied London, said: “The culmination of more than two years’ of planning and research, XYZ is taking shape. The core of the building which connects XYZ’s ten floors can now be seen rising from the ground in the heart of Spinningfields.
“Forging its way as a building that provides an ecosystem for new ways of working, XYZ will be many things: experimental, innovative, pioneering, flexible, bold, and collaborative.”