Aviva Investors and Queensberry Real Estate have unveiled the first images of their planned restaurant revamp of Manchester’s Corn Exchange, as more details of the proposed scheme emerge.
The plans would see the shopping centre close at the end of January next year and reopen in October that same year as a restaurant scheme.
It would be redeveloped to provide 100,000 sq ft, comprising up to 12 restaurants and 30,000 sq ft of space which the pair are hoping to use to attract a food market operator.
The new plans for the Grade II listed building on Exchange Square, involve the market operator trading on the lower ground floor, with restaurants – each of which will have external entrances and outside seating – trading over both the ground and first floors...
The new scheme is expected to focus on the “premium, casual dining” market and will seek to attract local and regional operators as well as a couple of London-based operators looking to open their first restaurants outside of the capital.
Aviva and Queensberry are also understood to be exploring options for the office space on the second and thirds floors, which is currently let to Forsyths Business Centre and could be converted into a boutique hotel, or potentially residential space.
Aviva Investors bought the scheme in 2005, and Queensberry Real Estate was brought in last September to help put the plans together. Plans for the new scheme were submitted last week.
Cushman & Wakefield and Tushingham Moore advise on the scheme.