Proposed new City Tower mall

Schroders reveals first phase of City Tower refurb

Schroders has announced plans for a 25-week refurbishment programme for the 9,250 sq ft ground floor atrium and reception of City Tower in Manchester city centre.

Designed by ID:SR, the design arm of Sheppard Robson, the refurbishment will 'transform the entrance and reception area into a multifunctional environment providing both professional and social facilities'.

The plans include an improved atrium space, a business lounge, with bookable meeting space and booths, as well as additional catering and retail units.

Schroders Property Investment Management bought the 615,000 sq ft City Tower in Manchester for £132m in May 2014. CBRE is the planning consultant and Colliers International is managing the 30-storey asset.

Tom Newman, investment manager of Schroders, said: "Tenants want to inhabit well connected spaces with variety of offerings where they can entertain and impress clients or have an informal meeting with a colleague.

"Building on the success of the retail on New York Street, a key part of the scheme is looking at the organisation of the ground floor to enhance this opportunity.

"This is an initial step in our long term plan to enhance the offer at City Tower, with further phases of works planned both internally and externally."

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