Catalyst Capital has announced it is set to complete the 105,000 sq ft refurbishment and extension of Arkwright House by spring 2017, with main contractor Vinci on site delivering offices and a penthouse.
Arkwright House is a grade two-listed building in Parsonage Gardens off Deansgate, designed in a neo-classical style by local architect Harry S Fairhurst, completed in 1937. The property is made up of eight floors, totalling 86,970 sq ft. Catalyst bought the office in May 2014 for £11m from receivers representing former owner Wrather Group.
The revamp designed by Sheppard Robson was approved in May last year, and will see the extension of the first-to-sixth floors, infilling three rear light wells which are being glazed to maximise natural light. Internally, the office floorplates will reach 15,000 sq ft, and a 7,000 sq ft penthouse is being built on the top floor.
Previous refurbishment projects for Catalyst Capital include Ship Canal House on King Street, and 26 Cross Street.
Giles Hall, portfolio manager at Catalyst Capital, said: “It is a privilege to work on this beautiful building, it is so exciting to see Arkwright House evolving now into the form that will ensure its commercial future.”
Bilfinger GVA and CBRE are joint agents.