Last night, The Corn Exchange, Manchester, won the coveted Catering and Leisure Destination of the Year award at the BCSC Gold Awards. Delivered by Queensberry Real Estate as development manager on behalf of owners, Aviva Investors, the £30 million scheme was recognised by the award at the British Council of Shopping Centres (BCSC) Annual Dinner and Gold Awards.
The development, in the heart of the City Centre, is fast becoming Manchester’s latest foodie hub having opened this summer. The development is 90 per cent let, with restaurant occupiers including Wahaca, Zizzi, Salvi’s, Tampopo, Banyan, IRC, Vapiano, Cosy Club, Pho, Byron, Cabana, Pizza Express and Mowgli trading well. For many of the 17 restaurants, it was their first letting outside of London.
Complete with new street-facing retail frontage, The Corn Exchange provides a stunning setting for indoor and outdoor dining options all year round and is home to a 1,200 sq ft Roomzzz Aparthotel with 114 rooms.
Judges commented on Queensberry Real Estate’s impressive transformation of the previously dilapidated, yet iconic, Grade II Listed building. The project spans 220,000 sq ft and involved the complete restoration of the much-loved city centre building, previously known as The Triangle, to reconfigure and reposition the site and create a new dining and hotel destination for the North of England.
Queensberry Real Estate and Aviva Investors worked in close partnership with architects 5 Plus throughout the development, to ensure that the works remained sympathetic to the heritage assets many period features. The judges applauded the team’s active asset management and ability to overcome construction challenges to produce a scheme that works as well on the inside as it does on the outside.
Paul Sargent, Chief Executive and Founder, Queensberry Real Estate:
“To win this award is a great recognition from our industry peers that Queensberry Real Estate has the ability to deliver not only great retail centres but major leisure destinations as well, and reach a level of excellence in doing so. Within 5 years we have become market leaders in a dynamic and expanding sector of the industry, and this award is testament to our results focussed approach.”
Simon Green at Aviva Investors said:
“We are delighted to receive this prestigious award and are proud to have revitalised the Corn Exchange into a best in class restaurant and leisure destination. New and exciting restaurants continue to sign up to the development and it is fantastic to see this historic building converted to such a vibrant use in the heart of Manchester.”
In addition to acting as development manager, Queensberry Real Estate also acted in the role of interim asset manager throughout the process.
The letting agents for The Corn Exchange are Metis Real Estate and Cushman & Wakefield.