Partner Article

Multi-million investment planned for Manchester’s Royal Exchange

A planning application has been submitted for a multi-million pound investment in Manchester’s The Royal Exchange, one of Manchester’s iconic buildings in the heart of the city centre.

The planning application has been submitted by Trinistar Manchester, a joint venture between Starwood Capital and Trinity Investment Management and will involve a major refurbishment of the building.

It is a Grade II listed building and includes a national theatre, retail and office space.

The application includes proposals to remodel the office space, reception area and to create a new roof garden.

The announcement comes after Starwood acquired the building in April last year from long-standing owner Prudential.

Since then, the project team, including Manchester property consultants, Canning O’Neill, Tushingham & Moore, MMX Retail, architects Corstaphine & Wright, interior designers, Space Invader and project manager 2110 Consult has been appointed to refurbish the scheme into a space which will attract new occupiers whilst complementing its historic surrounds.

Executive director at Trinity IM, Richard O’Boyle, said: “As one of the city’s cornerstones it’s crucial that The Royal Exchange, a building of such stature and cultural importance, is well looked after.

“This investment will bring the scheme into the 21st century and will ensure that it retains its appeal from shoppers, theatre goers and businesses alike.”

Director at Canning O’Neill, office agents for the scheme, James Dickinson, said: “This building is a true mixed-use scheme and forms an integral part of Manchester’s tapestry.

“Starwood acquired The Royal Exchange last year with the clear objective of realising its potential.

“The scheme itself will benefit from the highest quality finishes with a luxurious boutique feel to the ground floor reception areas.

“If approved, works would start in July this year with completion scheduled for the following winter.”

This was posted in Bdaily's Members' News section by Sophia Taha .