Green-Light for Second Phase of Embankment Scheme

Green-Light for Second Phase of Embankment Scheme

Planning permission has been granted for 100 Embankment, the second of two Grade A office buildings at the heart of Manchester’s medieval quarter.

The eight-storey structure will join 101 Embankment at the scheme – a joint venture between Ask Real Estate, Carillion plc and Tristan Capital Partners.

Detailed planning consent for the building was given the go-ahead at Salford City Council’s planning meeting yesterday (7 July), with work scheduled to start on site during the first quarter of 2017, with completion due in 2018.

Foundations for the building have already been completed as part of the phase one works which will allow it to be delivered within a reduced build programme.

John Hughes, Ask Real Estate’s Managing Director, says: “We are delighted that we now have the green light to start on the second Embankment building.

“The market interest in 101 Embankment has been significant and we are already talking to potential occupiers who are interested in phase two.”

The first building at the scheme located adjacent to Manchester Cathedral and Victoria Station, 101 Embankment, is due for completion in September 2016.

Niall Alcock, assistant director at Deloitte Real Estate who acted as planning advisors to the joint venture consortium, adds: “The 100 Embankment building is the final piece of the jigsaw in the regeneration of this part of the Greengate area, which is already being transformed by the major office and residential developments nearing completion adjacent to this site.”

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