Plans are in for the second phase of improvements to the Royal Exchange in Manchester, which will see external cleaning, improved shop signage and a refurbishment of the 19,000 sq ft retail arcade.
Trinistar, a joint venture between Starwood Capital and Trinity Investment Management, received planning permission for the northern offices in May, with the main fit-out contract on schedule for completion in the first quarter 2016. The scheme currently has commitments on three of the six floors of office space.
The latest application covers three main areas and will cost around £1m to implement.
The first initiative involves the external cleaning of the Royal Exchange, including the installation of exterior lighting to enhance the physical appearance of the building.
The second focuses on the implementation of a shop front design strategy for the exterior retail units, incorporating additional and improved signage zones.
The final part of the application proposes a refurbishment of The Royal Exchange’s 19,000 sq ft retail arcade.
The arcade features a variety of retail units of between 1,000 sq ft up to 18,000 sq ft.
Richard O’Boyle, executive director of Trinity IM, said: “This second application forms part of our exciting transformation of Manchester Royal Exchange. Following Manchester City Council’s fantastic support for our initial application we are now taking our plans to the next level by investing in the external fabric and appearance of this magnificent building. The initiatives will greatly enhance the profile of the building in its strategic location, right at the core of the city centre. If approved, work would commence immediately and shops will remain open during this time.”
The project team includes office agent Canning O’Neill, Tushingham & Moore, MMX Retail, architect Corstorphine & Wright, interior designer Space Invader and project manager 2110 Consult.