Posted 25 October, 2011 OBI NEWS
Allied London has commenced works on their latest 100,000 sq ft Spinningfields development in central Manchester, a mix of offices, retail and leisure.
The former Manchester House contains 50,000 sq ft of offices over 10 floors, now called Tower 12, above 10 retail and leisure units, named the Avenue North. Opening in the square next-door is the Oast House, billed as a ‘New World pub’ and operated by Living Ventures, which already has the Alchemist and Australasia bar restaurants in Spinningfields.
OBI Property LLP are undertaking the role of lead consultant and are project managing the refurbishment works.
Michael Ingall, chief executive of Allied London, said: “We are one of very few developers prepared to start development at the current time and we continue to have full confidence in our Spinningfields development and its continuing evolution. This current phase is all about working to create a place and destination that will benefit Manchester.”
The new area will be host in November to a “pop-up fashion village” of stalls outside the Oast House. Ingall said the Avenue North, designed by Sheppard Robson, will act as a gateway from Bridge Street and King Street into Spinningfields. The Avenue North will link into the Avenue, already completed, anchored by Emporio Armani and Flannels, alongside Calvin Klein, Oliver Sweeney, Mulberry, Prada, Gucci, Lanvin, Matthew Williamson, Kurt Geiger, Tom Ford, Dolce & Gabbana, Prada, LK Bennett, Flannels, Brooks Brothers, All Saints, Phillip Stoner and Ted Baker Pashion. DKNY Menswear will open this autumn.
Spinningfields is valued at £1.5bn and comprises 4.6m sq ft of mixed-use development. OBI Property are sole leasing agents for Tower 12 which should be completed in April 2012.