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11/09/2019

NOMA office scheme submitted for planning

Words: Laura Edgar
The Old Bank Building in Manchester / Stephen Richards

Plans to transform the grade-II listed Old Bank Building in Manchester so that it comprises 140,000 square feet of office space have been submitted to the city council.

NOMA, the 20-acre mixed-use neighbourhood in Manchester City Centre, submitted the proposals.

Under the plans, a news seven-storey extension would be built to the rear of the Old Bank to provide 83,000 square feet of office space over six floors.

A redeveloped ground-floor space would provide 6,900 square feet of retail and leisure over four units, as well as 2,600 square feet of co-working space.

Existing stairs, windows, lobby and former banking hall areas would be repaired and refurbished, according to the plans designed by Sheppard Robson.

In total, NOMA is expected to provide 2.5 million square feet of both new-build and renovated office space situated alongside housing and public realm, as well as retail and leisure opportunities.

Hermes Investment Management is the investment manager of the NOMA development, working on behalf of an institutional investor, with development and asset manager MEPC taking forward the new-build elements of NOMA.

Stephen Bradley, senior asset manager at Hermes Investment Management, said: “Our plans for Old Bank will provide yet more much-needed quality office space to support the city’s growing economy and build on recent planning and construction activity across the whole NOMA neighbourhood.”

Image credit | Stephen Richards

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