DTZ Investors has commenced work on-site at the recently launched luxury residential scheme on King Street in Manchester.
The scheme, which is set to bring 24 apartments to the upper floors of 58-66 King Street, has seen DTZ Investors commit circa £5 million to the 12 month-long transformational project.
The apartments will comprise a selection of one and two bedrooms set over four floors and will be available for rental only. The development is due to complete in the second half of 2023.
The redevelopment of a former retail and office unit spanning 24,400 sq ft will see 24 one and two-bedroom rental apartments created over four storeys.
The building has Grade II listed status and the works will be carried out in a manner which is sympathetic to its heritage and character.
The works also include a new entrance and ancillary space at ground and basement level with a cycle store and plant areas. The upper floors will be converted into residential accommodation. New mechanical and electrical services will be installed, including a new lift.
Tom Royston, DTZ Investors said: “We are delighted to see work kick-off on this innovative residential scheme, a first for King Street. This scheme is the next phase in positioning King Street as a leading retail and leisure district, providing an opportunity to live right in the very heart of the action.
“The building will not only offer apartments with character but will also breathe new life back into a Grade II historic building which has stood empty for a number of years. We are looking forward to seeing how this scheme progresses and adding another dimension to one of the city’s most famous districts.”
Jason McKnight, director at RECOM Solutions Ltd stated “This scheme will offer city centre living with a twist of heritage and bespoke luxury, transforming the asset into a vibrant residential scheme. Manchester continues to evolve as a major and thriving European hub for commerce and culture, and demand for rented accommodation is increasing as a result. This scheme will be delivered to a high specification and will ensure that the Grade II elements are retained.”
The development is due to complete in the second half of 2023.
AEW acted as architects on the scheme.
RECOM Solutions Ltd have been appointed as principal contractor on the scheme.
Savills is acting as planning advisor to DTZ Investors.
