AM ALPHA has appointed JLL as joint letting agent on its mixed-use Rylands scheme in Manchester.
Located in the former Debenhams building on Market Street, the site is currently undergoing an extensive refurbishment, which is being carried out by local contractor Domis.
The plans for the listed building include a four-storey extension to create an additional 40,000 sq ft of office space, in addition to retail and leisure space.
The scheme’s first tenant is street food collective Market Place Food Hall, which has signed a 15-year lease on circa 1,300 sq m.
Paul Hodgkiss, senior project manager at AM ALPHA said: “JLL’s experience and deep understanding of the UK office market makes them the ideal partner to bring this iconic Manchester landmark back to life. Securing a renowned tenant like Market Place so early into the project is incredibly exciting and has already generated strong interest. We aim to create the best office space in Manchester, and our agents are already playing a crucial role in helping us showcase the product to national and international businesses.”
James Devany, head of office agency North West at JLL, added: “Rylands is a transformative landmark office scheme not just for Manchester, but the wider UK regions. We’re delighted to collaborate with the existing agency team, leveraging JLL’s market-leading expertise to support AM ALPHA’s vision. Having witnessed Domis’ exceptional construction progress firsthand, it’s clear that Rylands will emerge as a defining office destination that beautifully preserves its rich heritage while delivering architectural excellence exactly when Manchester faces its most significant Grade A office supply shortage.”
JLL will work collaboratively with existing agent OBI Property to source tenants for the office space and Barker Proudlove will continue to oversee retail lettings at the scheme.
