Developer snaps up listed bank in £1.4m deal to convert into its new HQ
Wilmslow-based property developer, Abode Residencies, is to apply for planning permission for a major refurbishment of the 120-year-old Barclays bank in Alderley Edge and convert the site into its new headquarters.
The firm, which is known for providing luxury student accommodation, rescued the three-storey Grade II-listed site in London Road which had been closed since 2022 and was in danger of falling into disrepair, after securing funding from Cheadle-based property lender Together for its £1.4m purchase.
A previous application to convert the premises into flats was withdrawn last year and new proposals are being prepared which will see sympathetic internal alterations to convert the former bank into high-tech energy efficient offices.
Ashley Ladson, the group’s founder and CEO, said the renovation should be complete in July 2025, subject to planning approval.
He said: “It is a beautiful building – probably the most recognisable building in Alderley Edge centre – and will make the perfect headquarters for the Abode group. The façade speaks for itself with local red sandstone and ornate carvings.
“Inside there is old paneling and cornicing, four-metre high ceilings and stained glass windows which are great original features that we will want to preserve.
“Effectively, we’re planning to extend the top floor into the attic space, making it two-storey in height with a mezzanine floor connecting to an outdoor roof garden.”
He added: “The ground and first floor will have a neo classical design with a mix of wood-paneled and glass partition walls, a feature marble bar with tea and coffee-making facilities and break-out rooms so people can come in for meetings in really impressive surroundings.
“When it’s completed it will have a feel of boutique hotel meets high-end offices.”
The property has a ground-floor banking hall, a strong room in the basement and offices on the upper floors, as well as the famous village clock on the side of the building.
Designed by renowned Manchester architect Sir Percy Worthington the building opened as the Union Bank in 1904. Barclays closed the branch in 2022 due to a dwindling number of customers as more banking services moved online.
Ritchie Watson, Corporate Sales Director at Together, said: “We’ve worked with Ashley Ladson and the Abode team for nearly 20 years on dozens of acquisitions and development schemes in the housing and student accommodation sectors. The move will see Abode breathe new life into this neglected Grade II-listed building.
“We’re excited to see the finished article once fully redeveloped and proud to be supporting our client with funding to help realise its business growth ambitions with, and what will be the new HQ offices for Abode Residencies.”
