NatWest funds Castlefield music studio conversion

Developer Bluetree Estates has secured £3m from NatWest to convert the former Manchester music studio of Pete Waterman into office accommodation.

Castlefield Chapel, a former church that was built in 1852, will be converted into 11,000 sq ft of offices.

Artists in the Stock Aitken & Waterman stable recorded numerous pop hits in the chapel during the 1980s.

Bluetree bought the chapel two years ago from Pete Waterman for £1m. The building was designed by Edward Waltress, who also designed Manchester's Free Trade Hall. It was used as a non-conformist chapel for many years and has also been used as a schoolhouse and an auction room.

The conversion is due for completion in May 2009.

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