Bruntwood SciTech has acquired the Pinnacle building in Manchester, amplifying their development plans on King Street. This move signals their ongoing commitment to crafting state-of-the-art workspaces.
Strategically positioned next to Pall Mall, the acquisition is set to play a crucial role in the ongoing £30m redevelopment, showcasing modern workspace solutions. Bruntwood SciTech’s forward-thinking strategy supports the UK’s burgeoning science and tech sectors.
Strategic Acquisition Enhances Portfolio
Bruntwood SciTech has made a significant acquisition by purchasing the Pinnacle building on King Street, Manchester. This move aligns with their strategic intent to expand their portfolio to £5bn by 2032. The Pinnacle is a Grade A asset that complements the redevelopment of the adjacent Pall Mall, showcasing Bruntwood SciTech’s commitment to fostering sectors such as science and technology.
The Pinnacle acquisition from Legal & General’s Asset Management division enriches Bruntwood SciTech’s presence in Manchester. The building, which previously demanded the city’s highest rent upon its completion in the mid-2000s, now presents an opportunity for further integration into Bruntwood’s ambitious plans for the Pall Mall development.
Pall Mall Redevelopment Progresses
The Pall Mall project is undergoing a major £30m redevelopment expected to conclude by summer 2025. This transformation aims to offer over 120,000 sq ft of state-of-the-art workspace, integrating the newly acquired Pinnacle into its expansion.
The redevelopment includes innovative workspaces such as Pay-As-You-Go lounges, coworking spaces, and bespoke leased offices designed to support the UK’s fast-growing science and tech sectors.
Facilities and Amenities
Bruntwood SciTech’s vision for Pall Mall emphasises a holistic approach to workspace design. The development will feature a variety of amenities to enhance work-life balance, including a free state-of-the-art gym, a contemplation room, and expansive lounge areas.
A major highlight is the roof terrace, providing panoramic views of Manchester’s skyline, which promises to be a draw for businesses aiming to locate in this prestigious area.
Environmental sustainability is also a priority, with 100% renewable energy powering all shared areas, significantly supported by investments like the Kirk Hill Wind Farm.
Celebrating Urban Biodiversity
Part of the redevelopment includes the unveiling of ‘Pollen Square,’ named in honour of architect Francis Pollen. This area is designed to celebrate urban biodiversity, contributing to Manchester’s ecological enhancement.
The initiative reflects Bruntwood SciTech’s broader commitment to integrating green spaces within urban developments, thus promoting environmental sustainability and improving the quality of urban life.
Commitment to Innovation Economy
During the redevelopment phase, existing businesses at The Pinnacle, such as All Bar One, will continue to operate normally. The acquisition was carefully planned to ensure minimal disruption to the current tenants while enhancing the site’s long-term value.
Looking to the Future
Bruntwood SciTech’s acquisition and redevelopment initiatives illustrate a steadfast commitment to elevating Manchester as a hub for innovation and business excellence. The large-scale investments aim to solidify their vision of creating cutting-edge workspaces where forward-thinking communities can thrive.
By integrating modern amenities and green energy solutions, Bruntwood SciTech not only addresses today’s business needs but also sets a precedent for sustainable urban development. This approach resonates with their strategic vision, propelling Manchester towards becoming a leading centre for innovative enterprises.
Conclusion
The acquisition of The Pinnacle and the redevelopment of Pall Mall mark a pivotal point in Bruntwood SciTech’s mission to expand their portfolio while reinforcing Manchester’s stature as a burgeoning hub for innovation and enterprise. The combination of strategic location, modern facilities, and sustainable practices sets a new standard for urban developments.
The Pinnacle’s acquisition is a cornerstone in Bruntwood SciTech’s strategic expansion, fortifying Manchester as a nexus for innovation. Their dedication to cutting-edge developments and sustainable practices is paving the way for a thriving urban business landscape.
By enhancing both the Pinnacle and Pall Mall, Bruntwood SciTech not only elevates their portfolio but also reinforces Manchester’s reputation as a dynamic hub for the science and technology industries.