Retail and residential phases approved at Piccadilly Basin

Planning approval has been given to two further phases of Town Centre Securities' £250m Piccadilly Basin in Manchester.

Two planning applications were approved, the first for 58 apartments with a 12,165 sq ft waterside restaurant, and the second for 40,300 sq ft of retail space, 4,166 sq ft of offices and an additional 159 apartments.

Richard Lewis, development director of Town Centre Securities, said: "We have taken great care to extend our commitment to sustainability and the green agenda to this new phase and are working in line with the eco-homes criteria in order to achieve, at the very least, an EcoHomes rating of Very Good."

The first phase of offices are on site with refurbishment of the historic listed Carvers Warehouse and a glazed extension. Pre-let tenants include Marketing Manchester and engineering firm Martin Stockley Associates.

Office agents on the scheme are Lambert Smith Hampton and Cushman & Wakefield, with Knight Frank selling the new residential element.

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