Just weeks after we secured planning for the Northern offices, we’ve now submitted a second planning application to transform the Royal Exchange’s retail and leisure space.
We carried out an extensive feasibility study, involving consultation with a variety of stakeholders from Manchester’s civic team, occupiers and heritage specialists a number of initiatives are proposed. The refurbishment plans, which will cost in excess of £1million, cover three main areas and will emphasise the building’s rich heritage whilst allowing retailers to thrive in an enhanced and vibrant retail environment.

The first initiative involves the external cleaning of The Royal Exchange, including the installation of new exterior lighting to enhance the physical appearance of this prestigious building.

The second focuses on the implementation of a shop front design strategy for the exterior retail units, incorporating additional and improved signage zones.

The final part of the application proposes a major refurbishment of The Royal Exchange’s 19,000 sq. ft. retail arcade. Once complete, the arcade will offer ‘best in class’ local, independent retailers a transformed environment located in a key strategic location within Manchester’s commercial centre.

The asset benefits from a variety of retail unit sizes with opportunities for occupiers between 1,000 sq. ft. up to 18,000 sq. ft. Refocusing on the building strengths, plus flexibility in unit sizes, has been a key driver to attracting exciting new entrants to Manchester’s retailing scene. Further announcements are expected in the coming months.

Speaking about the plans Richard O’Boyle said: “This second application forms part of our exciting transformation of Manchester Royal Exchange. Following Manchester City Council’s fantastic support for our initial application we are now taking our plans to the next level by investing in the external fabric and appearance of this magnificent building. The initiatives will greatly enhance the profile of the building in its strategic location, right at the core of the city centre. If approved, work would commence immediately and shops will remain open during this time.”