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Aviva picks Queensberry for Manchester Corn Exchange rejuvenation

Aviva Investors has appointed Queensberry Real Estate as development and project manager on its plans for the rejuvenation of the Corn Exchange scheme in Manchester.

Queensberry Real Estate was born out of Multi Development two years ago and has worked across a variety of high-profile projects including SouthGate, Bath and Victoria Square, Belfast.

Queensberry Real Estate is also working with Newport City Council on the rejuvenation of Newport City Centre, was recently appointed by The Crown Estate to asset manage CrownGate, and is shortlisted for The Friary Centre, Guildford alongside Land Securities and Lend Lease.

The Corn Exchange, previously known as The Triangle, is a Grade II listed building situated in the heart of Manchester’s city centre.

The building stands on Exchange Square opposite Selfridges, Harvey Nichols, The Arndale Centre and The Printworks. It was damaged in 1996 by the IRA bombing, but subsequently renovated in 2000.

Chris Paterson from Aviva Investors said: “We worked previously with Queensberry on our SouthGate development in Bath and felt their in-depth understanding of complex developments, as well as hands on management experience would make them ideally suited for the Corn Exchange.

"We have been working closely with Manchester City Council to deliver a sustainable future for this historically and commercially important building, and look forward to continuing to do so with the assistance of Queensberry, who we are sure can deliver this exciting project.”

Stuart Harris, partner at Queensberry Real Estate, said: “The Corn Exchange is a significant and integral part of Manchester’s historic city centre. Our intention is to give the building a new lease of life, creating a destination to benefit the city’s population and its wider catchment. In turn, we hope this will restore the Corn Exchange to its previous position as the thriving hub of activity it used to be in its heyday.”