Brendan Flood buys £8m buildings next to Neville development
Brendan Flood, the property developer who initially assembled the St Michael’s site now being developed by former footballer Gary Neville, has acquired the adjoining buildings at 29-31 and 33-35 Peter Street, which back on to the £400m St Michael’s development.
A joint venture headed up by the veteran developer, Peter Street Partnership, includes Flood Investments (Manchester) and BWS Developments.
BWS Developments is owned by entrepreneurs and private investors Dean Cockett, Catherine Durris, and Frazer Durris, who previously founded energy specialist Businesswise Solutions, which was acquired by Inspired Energy plc in 2021.
29-35 Peter Street is situated adjacent to Albert Hall, opposite the Great Northern Warehouse, and backs onto St Michael’s.
An extensive renovation was previously completed for 29 Peter Street in 2017. Following its acquisition of the building, the joint venture said it is “evaluating its options”.
The properties span a total of 31,161 sq ft and currently function as a purpose-built office building spread across the basement, ground floor, and five upper floors.
The ground-floor leisure units are occupied by Manchester pizza brand Rudy’s Pizza Napoletana and multinational brewery and pub chain BrewDog.
Colliers and Griffiths Eccles were instructed to market the property in November last year.
At the time of launching the sale, the agents outlined redevelopment options, including a 58,000 sq ft new-build office or a 162-bedroom hotel. Either option would allow for a building of up to nine storeys.
The property was on the market for £8m, although the sale price has not been confirmed.
Developer and former Burnley FC director Brendan Flood said he has had a “long association” with the site through the former owners. “I initially engaged with them in the mid-2000s when assembling the St Michael’s site.”
Conor Flood, asset development manager for the Flood family office, added: “These buildings offer great potential in this rapidly evolving part of Manchester. Despite being in a prime central location, the properties have historically been underutilised.
“There is fantastic potential for future redevelopment or refurbishment, and we are carefully considering our next steps to ensure that our proposal aligns with the ever-growing ambition of our exciting and fast-paced city.”
