Victorian mill to get revamp after it is bought by property firm

Real estate investment and development firm HS Property Group has purchased Manchester’s Progress Centre in an off-market transaction.
Located close to the city centre in Ardwick, HS Property Group has acquired the 22,000 sq ft former Victorian cotton mill, which currently operates as a business centre.

HS Property Group intends to invest more than £250,000 in restoring the building’s period features and transforming the property into high-specification, flexible, co-working spaces that appeal to Manchester’s increasing numbers of start-ups, SMEs and freelancers.

The current café will be improved alongside plans to turn the basement into a fitness studio for a local business.

Following renovation work, the firm will occupy a portion of the top floor of the five-storey building as its new headquarters and the remainder of the building will be made available to rent, with spaces ranging from 100 – 4,000 sq ft.

The Progress Centre is an eight-minute walk to Manchester Piccadilly Station, next to both the proposed £1.1bn redevelopment of the derelict 24-acre Mayfield site and the HS2 station.

The purchase extends HS Property Group’s portfolio in the Manchester area, after its recent high specification, mixed-use development on Tib Street in the Northern Quarter.

Guy Horne, director and co-founder of HS Property Group, commented: “Our acquisition of the Progress Centre lays down our roots near to Manchester city centre, enabling us to give back and promote growth of Manchester’s vibrant start-up community.

“The Progress Centre is on the doorstep of one of Manchester most exciting developments, which will bridge the gap between Piccadilly and Ardwick. Our focus and responsibility is now to realise the potential of the building and its facilities, to provide high-quality, future-proof, creative workspaces for the city’s innovative businesses to collaborate.”

HS Property Group was founded in 2014 by Manchester-based real estate entrepreneurs Guy Horne and David Searle. They also specialise in developing high-yielding residential investment property secured through long-term corporate leases with established social housing organisations.

HS Property Group has eight employees, with offices currently located in Trafford Park, Manchester.

Guy Horne and co-founder David Searle grew up in Manchester, attended Manchester Grammar School and the University of Nottingham. Guy studied Mathematics and David studied Economics with Chinese.

Recently HSPG developed a freehold mixed-use block of offices and apartments on Tib Street – situated next to the iconic Affleck’s Palace in the heart of Manchester’s Northern Quarter.

HSPG was the first real estate company in the UK to use clicktopurchaseⓇ to transact residential property in the blockchain.

Real estate investment and development firm HS Property Group has purchased Manchester’s Progress Centre in an off-market transaction.

Located close to the city centre in Ardwick, HS Property Group has acquired the 22,000 sq. ft. former Victorian cotton mill, which currently operates as a business centre.

HS Property Group intends to invest more than £250,000 in restoring the building’s period features and transforming the property into high-specification, flexible, co-working spaces that appeal to Manchester’s increasing numbers of start-ups, SMEs and freelancers.

The current café will be improved alongside plans to turn the basement into a fitness studio for a local business.

Following renovation work, the firm will occupy a portion of the top floor of the five-storey building as its new headquarters and the remainder of the building will be made available to rent, with spaces ranging from 100 – 4,000 sq. ft.

The Progress Centre is an eight-minute walk to Manchester Piccadilly Station, next to both the proposed £1.1bn redevelopment of the derelict 24-acre Mayfield site and the HS2 station.

The purchase extends HS Property Group’s portfolio in the Manchester area, after its recent high specification, mixed-use development on Tib Street in the Northern Quarter.

Guy Horne, director and co-founder of HS Property Group, commented: “Our acquisition of the Progress Centre lays down our roots near to Manchester city centre, enabling us to give back and promote growth of Manchester’s vibrant start-up community.

“The Progress Centre is on the doorstep of one of Manchester most exciting developments, which will bridge the gap between Piccadilly and Ardwick. Our focus and responsibility is now to realise the potential of the building and its facilities, to provide high-quality, future-proof, creative workspaces for the city’s innovative businesses to collaborate.”

HS Property Group was founded in 2014 by Manchester-based real estate entrepreneurs Guy Horne and David Searle. They also specialise in developing high-yielding residential investment property secured through long-term corporate leases with established social housing organisations.

HS Property Group has eight employees, with offices currently located in Trafford Park, Manchester.

Guy Horne and co-founder David Searle grew up in Manchester, attended Manchester Grammar School and the University of Nottingham. Guy studied Mathematics and David studied Economics with Chinese.

Recently HSPG developed a freehold mixed-use block of offices and apartments on Tib Street – situated next to the iconic Affleck’s Palace in the heart of Manchester’s Northern Quarter.

HSPG was the first real estate company in the UK to use clicktopurchaseⓇ to transact residential property in the blockchain.