£300 million regeneration of historic warehouse to revitalize Manchester, UK

A landmark Manchester, England city centre site will become 780,000-sq-ft mixed-use quarter with retail, restaurants, offices, a cinema and residential property if plans revealed on October 11, 2015 are approved.

Around £300million will be pumped into the Great Northern Warehouse in a bid to re-invent it as a ‘world class’ residential, commercial and leisure quarter for Manchester.

It comes after Hong Kong property company Peterson Group bought the the Grade II listed building for an undisclosed sum.

Robert Wolstenholme, managing director of Trilogy Property, added: “Our commitment to delivering this fully-funded project underlines our belief in Manchester’s prospects as a regional powerhouse economy in the context of the devolution agenda. The iconic buildings, the Deansgate address, great transport links and proximity to the city’s prime civic, office and hotel locations puts the Great Northern opportunity on a par with New York’s Soho or San Francisco’s South of Market district.

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