‘175,000sq ft block’ planned for London Scottish House

TITAN Investors, the new owner of the former headquarters of London Scottish Bank, is said to be planning a 175,000 sq ft office block at the site.

The 50,000 sq ft property on Mount St opposite the Manchester Central Convention Centre was put on the market in 2011 and picked up by Titan earlier this year.

One report suggested plans have been lodged with the city council but such a scheme does not appear to be on the planning system.

The block was owned by Dublin-based Walls Developments which bought the site from the now defunct London Scottish Bank in 2007 for £20m.

It had intended to embark on a major redevelopment, creating up to 260,000 sq ft of Grade A office space. However, it was hit by the slump in the Irish property market and brought the site to market alongside the National Asset Management Agency – Ireland’s “bad bank” set up to deal with distressed property loans.

The building sits on the edge of St Peter’s Square, which is currently undergoing a number of large-scale regeneration projects such as the nearly-completed 270,000 sq ft One St Peter’s Square and Fred Done’s 230,000 sq ft building which is expected to start this year.

Titan could not be reached for comment.