55 Princess Street

Planning approved for Tesco store at 55 Princess Street

Michael Hunt

Planning has been approved for the ground floor of the Grade A office building at 55 Princess Street, owned by Glasgow-based LNC Property Group, in Manchester city centre, to be turned into a Tesco store.

The 4,100 sq ft unit has been let to Tesco under a 15-year lease for an undisclosed rental.

The letting to Tesco now means the building is 50% let following recent lettings to office tenants Fentons Solicitors of 16,021 sq ft and Atis Real.

The change of use reflects Manchester council's encouragement for more active ground floor uses around the city and this latest planning approval is in accordance with the City Council's Unitary Development Plan.

Chris Lloyd, associate director at DTZ, acting agents for LNC Property Group, said: "This change of use at ground floor now provides an active mixed use environment and rubber stamps the building's prime location for tenants and now provides even more amenities for office occupiers in the area."

GL Hearn acted for Tesco, while joint letting agents on the building are DTZ and King Sturge.

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