£2.7m REFURB ON THE CARDS FOR MANCHESTER SPRING HOUSE
19th January 2016A £2.7m refurbishment is on the cards for the former Spring House, in the heart of Manchester's central business district at 42-44 Fountain Street.
Wilton Developments acquired the seven-storey, 26,000q ft building in 2011 on behalf of an in-house client, when it was occupied by AXA Insurance.
Planning permission has now been secured to redevelop the ground floor for restaurant use, to form a new glass fronted two-storey height reception with the upper six floors being refurbished to provide office space to "an exceptional standard".
Wilton managing director Jason Stowe said: "It's exciting to be starting work on our Manchester city centre project.
"This refurbishment will be of a quality equal to our award winning developments in Leeds, where we secured a prestigious British Council for Offices (BCO) Award for 10 South Parade. The desire is to produce a ???best in class' building in the same way as we have done in Leeds.
"By delivering business space to the high standard that this prominent location commands, at a time when the occupier market is in such good shape, I'm confident we will secure strong tenant interest before the development completes next summer."
Manchester-based interior space specialist, Ardmac, has been appointed to undertake the contract.
Work began at the end of November 2015 and the contract will take eight months to deliver, completing in July.
Wilton says it has worked with Manchester City Council to retain some features of the original building including the columns at the buildings entrance.
The interior will be comprehensively remodelled and refurbished, with the reception area being turned into a striking double height atrium. Showers, club class changing facilities and bike storage will be delivered, along with basement parking.
Pudney Shuttleworth will market the ground floor restaurant opportunities. The office agent for the development is Manchester specialist, OBI Property.
Will Lewis, Transactions & Asset Manager at OBI, said: "42-44 Fountain Street will deliver stunning new workspace in the heart of Manchester's prime core.
There remains a strong level of demand for quality space and the flexibility of the floors means the building can accommodate requirements from 1,50 sq ft up to the entire building of 22,150sq ft."
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