Schroders reveals initial details of Manchester’s City Tower refurbishment

Posted on 21 May, 2015 by Chris Grigorovsky

Schroders Property Investment Management has revealed plans for the refurbishment of the ground floor atrium and reception area of Manchester’s thirty-storey City Tower.

Schroders-reveals-initial-details-of-Manchesters-City-Tower-refurbishment

The 25-week refurbishment programme will see the 9,250 sq ft space transformed by Sheppard Robson’s award-winning design group ID:SR. The make-over includes adding a new business lounge along with additional catering and retail space.

Marie Leyland, an associate with the team, said: “A key part of the strategy for City Tower is to create a strong memorable design by connecting the interior to the external architecture.

“We have created a unique space aligning communal and professional areas which will appeal to both the building’s corporate and non-corporate tenants.

“We are looking forward to working with Schroders on this project and to work commencing on-site.”

Investment Manager at Schroders, Tom Newman, commented: “Tenants want to inhabit well connected spaces with a variety of offerings where they can entertain and impress clients or have an informal meeting with a colleague.

“Building on the success of the retail on New York Street, a key part of the scheme is looking at the organisation of the ground floor to enhance this opportunity.”

He added that the refurbishment of the atrium and reception area is the initial step in Schroders’ long-term plans for City Tower, and that further enhancements will follow both internally and externally.

City Tower was completed in 1965 by property developers Bernard Sunley, and provides 615,000 sq ft of office space.  It is currently the fourth tallest building in Manchester, yet its 28th floor offers the highest office space available in the city.

Schroders acquired the building from Bruntwood for £132 million in May last year. Subsequently the firm has announced plans to work collaboratively with local businesses, landowners and the local authority to make improvements to the Piccadilly Gardens and New York Street area, in order to maximise the potential of the location at the heart of the city.




Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.


Recent Posts

Interest Rates Impact on Commercial Property

Commercial Property Investment Outlook for 2023

The best places to stay on the Riviera

The latest property data has identified Newquay as the fastest property seller’s market in the UK

Investing in your garden can increase your property’s value

French Riviera temping high-end homebuyers

How can the ownership rights of my commercial property impact a business sale?

Should I incorporate virtual property viewings permanently?

Investment expected to increase across Asia-Pacific in 2021

UK property industry slows as the conclusion of tax break looms

BNP Paribas cautioned investors on Friday as debt-trading bonanza that increased its earnings this past year

Over 300,000 property purchases fell through in 2020 – we show the most frequent motives and the best way to get your house sale back on track

House Prices in the Capital Surpass £500,000

Optimism from the Bank of England’s chief economist

The most expensive commercial properties.

Businesses operating from shared premises will miss out on grants