The Co-operative Group that dominates much of the financial sector in Manchester is planning on moving to a new headquarters on a six-acre site bounded by Miller Street and Dantzic Street.
The scheme will feature 40,000 square metres of office space and a masterplan that will integrate their new acquisition into a total site of twenty-acres creating a huge campus for the group to occupy.
As part of the move, buildings that will be left by the group in and around central Manchester include the Dantzic Building on Dantzic Street, New Century House on Corporation Street, Old Bank Building and Hanover Building on Hanover Street, Redfern Building on Redfern Street, and the Federation Building on Federation Street.
The CIS Tower will however remain unaffected as unlike the other buildings it has been modernised and does not have excessive maintenance costs attached to keeping it running.
As part of the encouragement to try and keep the key employer in the city, Manchester City Council has offered £20 million of taxpayers money as a financial inducement.
Early renderings of the scheme show an internal atrium enclosing a circular central area with a glass roof and glazed elevator shafts rising to approximately a dozen floors in height indicating that although a skyscraper will not be built, the Co-op will likely plump for a landmark building of some scale.
A planning application for the scheme, and the surrounding area called Northern Gateway is due in 2009 and the Co-op hope to have completed their new building with some 3,000 employees moving in in 2011.
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