The investor plans to demolish the Ralli Quays office building in Salford to make way for a 260-bed hotel and 19,000 sq ft of office space across two blocks, with a planning application expected this summer.
Ralli Quays is made up of two blocks, east and west, comprising 80,000 sq ft of office space occupied by HM Revenue & Customs. It was built in the early 1990s and is located on a one-acre site on the opposite side of the River Irwell from Spinningfields.
The site falls within the New Bailey district of Salford which English Cities Fund, a joint venture between Legal & General, Homes England and Muse Developments, is redeveloping into a £650m mixed-use scheme.
The Ralli Quays plans are led by L&G’s investment management arm, LGIM. Under the plans, the east block would be replaced by a 16-storey hotel, while the west block would be knocked down and replaced with a 14-floor office building.
The building is due to be vacated by HMRC when its staff move to the 157,000 sq ft Three New Bailey, which is under construction by contractor Bowmer + Kirkland and due to complete in 2021. LGIM’s development timeline anticipates vacant possession of the building by the fourth quarter of next year.
Colliers is the agent for Ralli Quays. The project team also comprises Turner & Townsend as project manager, EPR Architects, DPP Planning Services as planning consultant, Walker Sime as quantity surveyor and Hannan Associates as services and acoustic consultant.
Clancy Consulting is structural engineer, WSP is advising on transport and Hyland Edgar Driver is the landscape architect.