Hermes Investment Management has secured planning permission for the next phase of its mixed-use NOMA scheme in the centre of Manchester.
The £800m scheme spans 20 acres and when completed will feature four million square feet of offices, homes, shops and leisure amenities. NOMA will be developed over a period of 10-15 years.
A Grade II listed warehouse building, known as Redfern, is set to be refurbished into office, retail and leisure space. The Dutch modernist building will offer over 50,000 sq ft of Grade A office space spread over six floors.
An additional 7,600 sq ft of leisure and retail space will be split over three units in what was previously the warehouse’s basement until the excavation of nearby public square Sadler’s Yard.
The warehouse’s famous redbrick exterior will be maintained, with its original period windows restored in line with NOMA’s commitment to preserving local heritage.
Stephen Bradley, Senior Asset Manager at Hermes Investment Management said “The go-ahead for Redfern’s redevelopment underlines Manchester City Council’s continued confidence in our vision for NOMA.
“We look forward to taking Redfern forward and will soon be outlining our plans for the new-build opportunities at NOMA, helping cement our position as the UK’s first innovation district.”
Last year Amazon revealed it would occupy 90,000 sq ft of the scheme, letting all six floors of Hanover, an Edwardian-era drapery warehouse which recently underwent a £34m refurbishment.
The refurbishment of another listed building, Dantzic, is due to be completed early this year.