Its all over the news today, Trinistar Manchester, a joint venture between Starwood Capital and Trinity Investment Management, has submitted a planning application to refurbish the 280,000 sq ft historic Royal Exchange.
This iconic grade two-listed building is recognised primarily for the theatre and retail accommodation. The planning application includes proposals to remodel the office space, reception area and create a stunning roof garden.
Refurbishment and remodelling work over the coming months include an upgrade of the retail units around the building, the theatre and the arcade linking St Ann’s Square to Cross Street as well as the introduction of new brands.
Richard O’Boyle, executive director at Trinity said: “As one of the city’s cornerstones it’s crucial that the Royal Exchange, a building of such stature and cultural importance, is well looked after. This investment will bring the scheme into the 21st Century and will ensure that it retains its appeal from shoppers, theatre-goers and businesses alike.”
James Dickinson, director at Canning O’Neill, said: “This building is a true mixed-use scheme and forms an integral part of Manchester’s tapestry. Starwood acquired the Royal Exchange last year with the clear objective of realising its potential.
“The scheme itself will benefit from the highest quality finishes with a luxurious boutique feel to the ground floor reception areas.”
If the planning is approved works would start in July this year with completion scheduled for winter 2016.