Stockport Pyramid Explained

Stockport Pyramid
Location:Yew Street, Stockport, SK4 2JZ
Map Type:Greater Manchester#UK
Pushpin Label:Stockport Pyramid
Coordinates:53.408°N -2.1754°W
Status:completed
Start Date:1987
Completion Date:1992
Building Type:Commercial offices
Roof:36.6m (120.1feet)
Top Floor:-->
Floor Count:6
Cost:-->
Floor Area:86000square feet
Architect:Michael Hyde and Associates
Structural Engineer:-->
Main Contractor:-->
Owner:Eamar Developments
Management:-->
References:[1]

The Stockport Pyramid, otherwise known as the Co-operative Bank Pyramid or simply The Pyramid, is a commercial office building in Stockport, Greater Manchester, England.

History

The Pyramid was intended to be the "signature building" within a larger development scheme that originally included multiple pyramid-shaped buildings.[2] Sources vary on the number of pyramids that were originally planned; some state two further pyramids would be built,[3] whilst others state four more pyramids were planned.[4]

Construction was completed in 1992.[5] During construction, the developers went into administration and the building was repossessed by The Co-operative Banking Group, who had financed the development.[6] Between the completion of the building in 1992 and the occupancy by the Co-operative in 1995, the building was empty.[7] The building was occupied by The Co-operative Bank from 1995 until they relocated to One Angel Square in NOMA in Manchester city centre in 2018.[8]

Several failed development projects near the site, including the pyramid's own unoccupancy immediately after construction and The Co-operative Bank's near-collapse in 2013,[9] led to a superstitious consideration that the site was 'cursed'. The curse was announced as 'lifted' when nearby developments resumed in 2005 with the sale of office blocks in the surrounding business park.[10]

The surrounding business park has been referred to as "The Stopfordian Valley of the Kings", "Kings Reach", or "Kings Valley".[11]

In 2019, the building was bought by the Saudi Arabian investment company Eamar Developments after being advertised for sale in the summer of 2018 for around £4.5 million.[12] The buyer planned to let the site as office space after refurbishment.[13]

In July 2023, plans by restaurant business Royal Nawaab were announced to convert the entire building into a restaurant and banqueting hall.[14] In September 2023, it was confirmed by Royal Nawaab that the conversion will go ahead and the restaurant is due to open in the summer of 2024.[15]

Design

The pyramid has been described as "avant-garde", "aspirational" and an "incongruous structure" compared to the industrial era buildings commonly found in Stockport.[4] Contrary to it commonly being referred to as a pyramid, the Manchester Evening News claims that the building's shape is "more accurately described as a ziggurat".

External links

Notes and References

  1. Web site: Michael Hyde and Associates Limited . Emporis . 23 March 2021.
  2. Web site: Iconic Stockport Pyramid Hits the Market . Marketing Stockport . 9 July 2018 . 23 March 2021.
  3. Web site: Stockport Pyramid bought by Saudi investor . Marketing Stockport . 29 May 2019 . 23 March 2021.
  4. Web site: The unknown story behind Stockport's Pyramid - and 'The Valley of the Kings' that never was . Manchester Evening News . June 2019 . 23 March 2021.
  5. Web site: The Pyramid . Emporis . 23 March 2021.
  6. Web site: Inside the Stockport Pyramid . Marketing Stockport . 28 February 2020 . 23 March 2021.
  7. Web site: Stockport Pyramid hits the market . Place North West . 28 August 2019 . 23 March 2021.
  8. Web site: Begum . Shelina . The iconic Stockport Pyramid has been purchased from the Co-op after going on the market for £4.5m . Manchester Evening News . 29 May 2019 . 23 March 2021.
  9. News: Co-op Bank apologises and confirms £1.3bn losses . BBC News . 11 April 2014 . 23 March 2021.
  10. Web site: Curse of the Co-op Pyramid is lifted . Manchester Evening News . 12 July 2005 . 23 March 2021.
  11. Web site: Stockport's Pyramid building seeks tenants, following costly refurb . Confidentials . 23 March 2021.
  12. Web site: Stockport Pyramid bought by Saudi investor . Place North West . 29 May 2019 . 23 March 2021.
  13. Web site: Eamar Developments to begin refurbishment of Stockport Pyramid . Marketing Stockport. 27 November 2019.
  14. Web site: Stockport Pyramid to become restaurant . Whelan . Dan . 7 July 2023 . placenorthwest.co.uk . Place North West . 7 July 2023.
  15. Web site: Maidment . Adam . Stockport Pyramid will become curry house as Indian restaurant unveils first plans . Manchester Evening News . 23 October 2023.