Alliance gets in on redevelopment at St Peter’s Square

DEVELOPER and investor Property Alliance Group has been appointed as Royal London Asset Management’s partner on the redevelopment plans for No 3 St Peter’s Square in Manchester city centre.

Previously known as Peterloo House, the vacant 1970s seven-storey building is in the city’s most important civic square adjacent to Argent’s 273,000sq ft No 1 St Peter’s Square and No 2 St Peter’s Square, currently under construction to provide 160,000sq ft offices.

No 3 St Peter’s Square has planning consent for a new build 105,000sq ft 12-storey office development, however wider uses for the redevelopment are also being explored by the team.

Dominic Pozzoni, director at Manchester-based Alliance said: “No 3 St Peter’s Square provides a fantastic redevelopment opportunity, perfectly situated to benefit from the significant investment in the immediate locality which has included Manchester City Council’s £185m redevelopment of the Square, Library Walk, Central Library and Town Hall Extension.

“Alliance has a wealth of experience across all sectors and a track record for identifying the best use, delivering high quality designed award winning developments and maximising value to all assets.

“St Peter’s Square provides world class public space at the very heart of the City and we are investigating a number of exciting opportunities for the site which we expect to conclude shortly.”
 
Colliers and CBRE are the appointed joint agents.