1st Aug 2006
Planning consent has been granted this week for The Ropewalks, phase 2, of Magnus Ltd's £20m Christ Church Green regeneration scheme in Macclesfield town centre.
The Cheshire based property investment and development company has already completed phase 1 of its 3 acre regeneration programme, which will totally transform redundant buildings into circa 120,00 to 150,000 sq.ft. of quality business accommodation.
Located on Bond Street, The Ropewalks will bring together an historic building and new build element creating 35,000 sq ft of Grade A accommodation in a creative and distinctive enbelope. Construction work on this £8m speculative development will start in May 2006 with completion scheduled for June 2007.
"The Macclesfield office market has tended to be indigenous with demand from companies servicing the likes of Zeneca, Ciba Geigy and the Cheshire Building Society along with local professional businesses" said Edward Lockyer estates director of Magnus. "But we are receiving more and more enquiries from companies outside the town. The Courtyard, the first phase of the scheme, was let on completion last autumn to Elior an international catering company. The amount of positive interest we received in The Courtyard has given us every confidence in starting this speculative development” said Edward Lockyer estates director of Magnus.
"Macclesfield has long been a popular and affluent Cheshire town but development of business space has until now largely taken place on its outskirts. This coupled with the fact that the availability of quality office space in the town centre has been scarce, has in reality meant there has been little to tempt companies looking to relocate.
"The proposed redevelopment of the town centre, which is now progressing with the chosen developer will give the town a much needed facelift and radically increase its retail and leisure offer making it an increasingly desirable office location" concluded Edward Lockyer.