Niche property investor and asset manager, Trinity Manchester, has hired ADT Workplace, to undertake the refurbishment of the Northern offices at the city’s iconic Royal Exchange.
ADT will upgrade both the office space and reception areas fronting onto Cross Street and St. Ann’s Square. The locally-based contractor has been involved in a number of high profile projects in the region for clients that include Manchester Airport Group and Helical Bar.
The appointment is the latest in a series of milestones, which mark the multi-million pound transformation of the Grade II listed Royal Exchange building. Last month the scheme achieved planning permission to upgrade the retail and leisure space, including the 19,000 sq ft retail arcade.
Occupying a strategic island within Manchester’s commercial and retail area, the Royal Exchange encompasses a national theatre, 100,000 sq ft of retail accommodation and 120,000 sq ft of office space. It is home to a variety of occupiers such as lawyers Clyde & Co, cosmetics and beauty products retailer Molton Brown, Starbucks, Place North West and mechanical and electrical engineers, Hoare Lea.
Focused on UK retail investments, Trinity Manchester was founded by its two partners Richard O’Boyle and Simon Hoard. Speaking about the ongoing work, executive director Hoard, said: “To make this project a true success that will appeal to occupiers, it’s imperative that the project team we have on board has the highest level of experience and expertise in dealing with a building of this stature.
“ADT Workplace has given us every confidence in the team’s ability to sympathetically transform this space and we look forward to working with them towards a completion date of the second quarter of next year,” he added.
Richard Mansell is commercial lead at ADT. “Working on a scheme such as Manchester Royal Exchange is a key milestone in the development of the business and products we are delivering for our clients,” he commented.
“Our aim is to deliver a high quality vibrant environment where people will want to come and work and ensure that the space we create sits well with the building’s structure and heritage.”
Completed in 1921 the original Royal Exchange was opened by King George V and Queen Mary. Since then it has undergone a variety of expansions and additions including the mid-1970s construction of the new Royal Exchange Theatre. Today the historic building is attracting mainstream office users from across the region.
“With Clyde & Co now in occupation and the works having started on the Northern offices, prospective tenants can now begin to see first-hand the quality of space The Royal Exchange has to offer,” explained James Dickinson, a director at Canning O’Neill, office agents for the scheme.
“Attributes such as the roof garden and large floor plates all come together to make this an exciting proposition for the Manchester market.”
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