1 Spinningfields Explained

No.1 Spinningfields
Status:Completed
Location:Quay Street
Spinningfields
Manchester
England
Coordinates:53.4789°N -2.2546°W
Map Type:Greater Manchester
Architect:SimpsonHaugh and Partners
Structural Engineer:RoC Consulting
Floor Area:34000m2
Floor Count:20
References:[1]
Building Type:Office
Antenna Spire:92m (302feet)
Developer:Allied London

No.1 Spinningfields (formerly 1 Hardman Square) is a 92m (302feet) tall office tower in the Spinningfields district of Manchester city centre, England.

The development was previously known as 1 Hardman Square which was a proposed 140m (460feet) tall high-rise but was cancelled in 2009. The development was revived in 2014 with a 92m (302feet) high-rise and the revised design gained planning approval in May 2014. Demolition of the former building on the site, Quay House, began in early 2015 and construction of its replacement began shortly afterwards.[2]

Background

1 Hardman Square (2004–2013)

The high-rise was first proposed in 2004, linking in with the new developments in Spinningfields and the growth in proposals for tall buildings in the city at the time. The financial crisis of 2007–2008 paralysed the development market, particularly in the expensive sector of constructing skyscrapers.

In 2011, it was reported that developers of the tower, Allied London, were on the verge of sealing a £165 million deal with German fund manager, Union Investment.[3] As part of the deal, Union Investments forward-purchased 1 Hardman Square, which gave Allied London the capital to construct the building.[4] Construction of the building was dependent on whether Allied London could sign up tenants for half the building, which reportedly could have taken up to two years as the economy recovered.[5] [6]

No.1 Spinningfields (2014–2017)

Following the news in 2011 that a deal to build a 350000square feet Grade A office tower of 20-storeys was possible, plans for such a scheme were finally released in January 2014 and submitted for planning permission.[7] As of 2023, the building is Manchester's tallest office building built since City Tower was constructed in 1965.[8]

WeWork exit floors 1 and 2 (May 2024)

In May 2024, WeWork vacated their No1 Spinningfields site amid significant financial troubles and lease reneogitations. Derby based flexible co-working space company Cubo, took over the floors on a 12.5 year lease [9]

Notes and References

  1. News: 1 Hardman Square . skyscrapernews.com . 11 October 2011.
  2. Web site: Quay House Coming Down In October . Manchester Confidential . 14 August 2014 . 2014-08-15 . https://web.archive.org/web/20140903042800/http://www.manchesterconfidential.co.uk/News/Quay-House-Coming-Down-In-October-1-Spinningfields-Manchester . 3 September 2014 . dead . dmy-all .
  3. News: £200m boost to city centre property sector . Manchester Evening News . 22 July 2011 . 11 October 2011.
  4. News: Allied Close To Funding Deal For New Spinningfields Block . Manchester Confidential . 21 July 2011 . 11 October 2011 . https://web.archive.org/web/20111228055113/http://www.manchesterconfidential.co.uk/Property/Allied-close-to-funding-deal-for-new-Spinningfields-block . 28 December 2011 . dead . dmy-all .
  5. News: Investment streams run in Manchester's direction . Manchester Evening News . 26 July 2011 . 11 October 2011.
  6. Web site: Manchester set for office building boom . constructionenquirer.com . 22 July 2011 . 2014-02-03.
  7. Web site: No.1 Spinningfields - plans for new city centre skyscraper with 19th floor restaurant . Manchester Evening News . 21 January 2014 . 2014-02-03.
  8. Web site: Demand for office space soars as Manchester finds its civic heart. Financial Times. 2015-04-29 . 2015-05-01.
  9. Web site: Ratcliffe . Jonathan . 2024-06-16 . WeWork No.1 Spinningfields now Cubo - No Deposit Serviced Offices . 2024-06-16 . Offices.co.uk . en.