Leeds Property Investor marks the launch of its latest 10 Year Strategy Plan for the Merrion Centre with its largest development project to date. Leeds-based property investor and car park operator, Town Centre Securities PLC (TCS), has submitted a planning application for a 17-storey office and retail development at the
It has been announced that GMI Construction and Town Centre Securities have recently agreed on a JV for a residential development organisation to begin with the construction of a block of flats in the Manchester area, under the name of Belgravia Living Group. Designed by architect, Simpson Haugh, the new
BDC 319 : Aug 2024
Leeds Property Investor marks the launch of its latest 10 Year Strategy Plan for the Merrion Centre with its largest development project to date. Leeds-based property investor and car park operator, Town Centre Securities PLC (TCS), has submitted a planning application for a 17-storey office and retail development at the Central Square in the Merrion Centre. Over the last decade TCS have undertaken a phased redevelopment and refurbishment of the Merrion Centre transforming it into a busy, relevant, mixed-use destination. The company has invested more than £70M of capital in the last five years delivering a number of projects including the completion of the development of Merrion House, an ibis Styles Hotel with adjoining Arnold’s Restaurant & Bar and refurbished 1100 space CitiPark car park. The proposed new building will sit above the Home Bargains store with plans including the creation of a new central welcome hub, co working offices and brand-new head office building for StepChange Debt Charity. The building, currently known as 100MC, will offer over 10,000 sq ft of ground floor retail space for a refurbished Home Bargains store and 168,810 sq ft of commercial office space over 16 levels. It is anticipated that 100MC will be the place of work for circa 2000 people. Edward Ziff, Chairman and Chief Executive of TCS, commented; “We have identified considerable latent opportunity within our Merrion estate which we believe provides a platform for future growth and we are therefore delighted to submit this important planning application, launching our second 10-year strategy for the Merrion Centre. “We firmly believe we are on the right track with Merrion and will continue to invest in and develop the asset, broadening our offer and delivering more for Leeds from this important mixed-use city centre destination. “We are also keen to communicate our unique history, achievements and transformation of the ultimate sustainable Centre, nationally and internationally and we are excited by this next phase.” For more information visit www.tcs-plc.co.uk
It has been announced that GMI Construction and Town Centre Securities have recently agreed on a JV for a residential development organisation to begin with the construction of a block of flats in the Manchester area, under the name of Belgravia Living Group. Designed by architect, Simpson Haugh, the new development serves as the first project to be pursued by the newly-formed JV, which will see the development of circa 91 apartments across some 90,000 square feet of residential space. The project is to be pursued around the Piccadilly Basin in Manchester and will provide much-needed addition to the residential availability in the ever-busying Manchester area. Headed up by Robert Rushworth, formerly of Shepherd Construction, the Belgravia Living Group has far greater ambitions than this sole project however, and actually hopes to deliver approximately 900 apartments in the area over the course of the following years. To support this, the Greater Manchester Housing Fund has issued a £9.7m loan for phase one of the present development, which will serve to showcase the group’s capacity to deliver quality residential stock. Additionally, planning consent has also already been provided for phase one, with the early stages of the development work to begin this April, with the development going into full swing by June. It is then hoped that the programme will face completion in approximately a year and a half’s time. The location for the development, Piccadilly Basin, has already been developed by Town Centre Securities as was outlined in the masterplan of 1998, with the Urban Retail Village, some 150 apartments, the renovation and extension of commercial space and accompanying car parking facilities. As such, the upcoming JV plans appear to follow on from the existing plans with the potential goal to develop the area into one with both opportunities for living and working in Manchester. It is also expected that HS2 will contribute significantly to the area, with the combed development having a major impact on Piccadilly Basin. Jarrod Best, Managing Director of GMI also commented: “We are delighted to have joined forces with TCS to deliver what will be a high quality residential scheme to suit discerning owners and occupiers within the key Manchester M1 postcode.”
