Pau Brasil opens second restaurant
TRADITIONAL Brazilian steakhouse Pau Brasil has expanded with a new restaurant on Deansgate in Manchester.
The restaurant, which first opened on Lever Street in Manchester’s Northern Quarter, has signed a 15-year lease for 8,000 sq ft on the first floor of 118-124 Deansgate.
The building, restored by Town Centre Securities’ for £3m, already has Staples and Cotswolds Outdoor as tenants.
Richard Lewis, property director for Town Centre Securities, said: “We had always earmarked the second floor as an ideal option for a restaurant operator and are subsequently confident that Pau Brasil can make good use of the building’s location and footfall.”
The investment and development company acquired the Grade II-listed, four storey building in 1997, which comprises19,500 sq ft with prime retail space, restaurant and with an additional potential for 14 luxury apartments for sale or lease.
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Meanwhile, Ask Developments has announced the practical completion of Number One First Street, the first major office building at the 20 acre scheme at the end of Deansgate in Manchester.
Designed by BDP’s Manchester Studio, the seven storey glass fronted building comprises approximately 180,000 sq ft Grade A office space with floorplates of 25,000 sq ft.
It will be the first building in Manchester to have living green walls as well as a green roof supporting biodiversity, while a 10m tree stands in the 30m high atrium.
