Manchester moves to unlock 564,000 sq ft of offices
The transformation of Investec’s Kendal Milne building on Deansgate into a mixed-use scheme has taken a step closer after the city council agreed to surrender leases on buildings involved in the redevelopment.
Manchester City Council is to relinquish a lease on the King Street West multistorey car park and ground floor retail units on King Street West that has 137 years unexpired.
It is understood that the authority’s decision to surrender the lease could pave the way for a start on site.
Plans for the redevelopment of the Kendall Milne building, currently occupied by House of Fraser, were approved in June last year.
Designed by Sheppard Robson, the scheme would see the grade two-listed building converted into 250,000 sq ft of offices. Some 100,000 sq ft of retail would be delivered on the ground floor and basement levels.
In addition, the adjoining Fraser Building, which includes the King Street West NCP multistorey car park, would be demolished and replaced with a 14-storey block comprising 310,000 sq ft of offices and 54,000 sq ft of retail and leisure space.
A public space would also be created at Southgate, between King Street West and Parsonage Gardens.
The proposals were submitted in February 2021 and drawn up in response to the decline of high street retail, Johannesburg-listed Investec said at the time.
The project forms part of the St Mary’s Parsonage regeneration zone, which has seen several projects come forward of late.