Residential developer Xpercity has completed the multi-million-pound acquisition of an office building in Cheadle with a view to converting it to residential.
The 60,000 sq ft Lambert House, which sits on a 3.5-acre site, was formerly occupied by the AA. Xpercity intends to repurpose the site and deliver 106 high-quality residential units.
The new development, which will be known as Weavers Yard, will be designed by London-based Damion Marcus Burrows Architects.
Mike Lomas, founder and CEO of Xpercity, said: “This is a project we’re really excited by. We’ve worked with some of the best names in the industry to bring together a development that will provide much-needed residential accommodation to this part of the city, whilst delivering something new, fresh and always of the highest quality.
“Since officially launching Xpercity, we have pushed on in terms of the level of deals we are doing. Our end-to-end offer means we’re motivated and able to act quickly to secure sites with high-potential, and start creating better living environments quickly. Our ambitions are always underpinned by creating a strong sense of social good for the communities we work in, and Weavers Yard is no exception.”
