New images have been released showing the proposed designs for the 20,000 sq ft first floor aimed at financial technology startups and innovators at Allied London’s Spinningfields.
Allied’s latest concept for its Manchester development is a co-working centre which encourages mingling and collaboration at the 160,000 sq ft XYZ building, due to open towards the end of 2016.
Chris Reay, Spinningfields estate director, commented: “Spinningfields has disrupted Manchester’s traditional commercial core and has become a place where leading corporate institutions are clustered, from the main banks to newer organisations such as Worldpay. Where XYZ differs is that we’re delivering a culture, a brand more than a building, a structure with its own personality. We believe this is the ideal platform for fintech. We’re opening doors for tech entrepreneurs to collaborate and tap into support from the existing corporate environment and learn first-hand, from leaders in their field.”
Reay said The Vault will differ from the average tech co-working hangout by offering greater security, careful selection criteria and a supportive community all within the surroundings of a uniquely designed enterprise platform.
Allied has secured sponsorship from a number of financial and professional firms for the Vault, with details due to be announced shortly.
The XYZ building is fully let to Global Radio, Shoosmiths and NCC Group. Allied London will be the tenant on the fintech floor. The building was sold to German fund Union Investment for £85m in March 2016.
As well as offices there will be independent coffee shops, a restaurant by Drake & Morgan and meeting and event spaces.