Bywater Properties has acquired 35 Fountain Street in the heart of Manchester’s prime central business district for an undisclosed price.
Originally developed in 2002, the office building has a net internal area of 47,900 sq ft spread across the basement, ground floor and seven upper floors.
Bywater has acquired the building with planning consent for a comprehensive refurbishment and repositioning of the existing accommodation, with additional massing across two additional floors, delivering 65,500 sq ft of workspace.
As with its Paradise scheme in Lambeth, London, Bywater intends to use mass timber for the framework of the extension while optimising the façade design to enhance the overall carbon performance of the scheme.
Patrick O’Gorman, CEO of Bywater, said: “We are delighted to announce our acquisition of 35 Fountain Street as part of plans to expand our portfolio across the UK. Our vision is to deliver a sustainable, high-quality office building that will enhance e the urban fabric and transform occupier experiences in Manchester. By remaining steadfast in our use of sustainable materials – particular timber – we are ensuring Bywater’s assets, such as 35 Fountain Street, are built as resilient, long-term investments.”
