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TRANSCRIPT
A proposal to Squire Patton Boggs Arkwright House
27th February 2015
A R K W R I G H T H O U S EM A N C H E S T E R
Arkwright House
History
Since being commissioned in 1927 Arkwright House has had a hand in the area’s history. The building was named in honour of the 18th century industrial pioneer Richard Arkwright and was originally designed by architect Harry Fairhurst as the headquarters for the English Sewing Cotton Company.
During the Second World War the building took on a new use as the headquarters of the civil defence in the North West. In the case of invasion Sir Warren Fisher would have had absolute authority over 7 million people from Scotland and Staffordshire from this base. Arkwright House was used extensively for strategic war meetings and Churchill had his own office and sleeping quarters at Arkwright House.
Arkwright House
Arkwright House, Manchester
The quality of the original building’s exterior and its unique context within Parsonage Gardens are undeniable positive attributes, Catalyst Capital are about to fully refurbish, improve and extend the existing office accommodation, to deliver premium office space with flexible floorplates.
Arkwright House
Arkwright House, Manchester
The proposals are for the complete refurbishment of the part ground and first to sixth floors of Arkwright House, including the extension of these floors at the rear of the building by infilling the three lightwells. The office accommodation at the seventh floor is to be extended to create an open-plan office suite with panoramic views to the south.
Arkwright House
Environment
Parsonage Gardens is a rare and tranquil oasis in the city centre within the Parsonage Gardens conservation area between Deansgate and the River Irwell. Arkwright House comprises the southern boundary of Parsonage Gardens creating an impressive and unique profile for any occupier.
Arkwright House
Interiors
The key elements to the proposal consist of:
- Infill light wells and improve connectivity across the floor plate
- Increase natural daylight into building and improve thermal comfort with air conditioning
- Refurbish interior finishes to a high quality and using sympathetic materials
- Consolidate cores to improve quality of space and provide new WCs and risers
- Contemporary raft ceiling design, set within the bays of the existing grid
- Add seventh floor extension in a contemporary style using traditional materials. This will be column free, client facing space
- Improve car-parking in basement and add cyclist facilities (racks and showers)
- Target BREEAM rating of Very Good to deliver energy efficiency and a sustainable future for the building
Ground Floor Axo Typical lobby visual
Arkwright House
Flexible floorplates
Specification
• Open plan accommodation
• Systems designed to 1:8sqm occupancy
• Manned Reception
• Full access raised floor
• Contemporary raft ceiling design, set within the bays of the existing grid
• VRF Air conditioning
• LED and LG7N lighting
• 28 basement car parking spaces
• 40 cycle racks
• 8 showers
• EPC projected as B
3rd floor
2nd floor
Ground floor 1st floor
Arkwright House
Flexible floorplates
Availability
Ground floor 4,553 sq ft / 423 sq mFirst floor 14,983 sq ft / 1,392 sq m Second floor 14,854 sq ft / 1,380 sq mThird floor 14,843 sq ft / 1,379 sq m Fourth floor 14,822 sq ft / 1,377 sq mFifth floor 14,994 sq ft / 1,393 sq mSixth floor 11,948 sq ft / 1,110 sq mSeventh floor 7,061 sq ft / 656 sq m (proposed extension)
8th floor
6th floor
5th floor
4th floor7th floor
Arkwright House
Flexible floorplates - Typical Upper Floor
Arkwright House
Flexible floorplates - Third Floor: Legal test fit
Arkwright House
On the doorstep amenities
Arkwright House
Location
Weightmans
Pinsent Masons Shoosmiths EvershedsDWF
Slater & GordonBrabners
Beachcroft
Arkwright House
DE
AN
SG
AT
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K I N G S T R E E T
Q U AY S T R E E T
P E T E R S T R E E T
Addleshaw GoddardDLA
Irwin Mitchel
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12
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109
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Arkwright House
Programme of Works
May 2014Catalyst purchase Arkwright House
Nov 2014Planning application submitted
Jan 2015Works out for tender
Feb/March 2015Planning approval
May 2015Works commence on site (12 month program)
May 2016 Building refurbishment complete
Arkwright House
Project delivery
Introduction to Catalyst Capital
£750m invested by it’s most recent fund, with over 50% in the UK.
Catalyst focuses on improving/ repositioning of properties (mainly offices & shopping centres) in London and strong regional cities.
Arkwright House was purchased as a joint venture between Catalyst Capital and two of it’s Limited Partners (an Asian sovereign wealth fund & a US pension fund investor).
In 2005 Catalyst acquired Ship Canal House, King Street, a Grade II listed officebuilding, also designed by Harry S Fairhurst. After a capital investment programme of c£4m completed in 2008, the building was 90% let to tenants.
26 Cross Street, an unlisted but attractive Portland stone clad building was acquired in December 2013. A £2.7m internal refurbishment & external cladding repair project will deliver 8 floors c2,400sqft targeted at the cities small and medium sized businesses in Jan 2015.
Outside of Manchester Catalyst have undertaken numerous office refurbishments including Apex 123, 95,000sqft office on Haymarket Terrace in Edinburgh.
26 Cross Street, Manchester
Ship Canal House, King Street, Manchester
Arkwright House
Funding and Professional Team
Catalyst purchased the building with pure equity in a joint venture with two Townsend Funds – with commitment to build out with equity if necessary, if debt could not be secured on favourable terms.
• Debt Facility signed in December 2014 with Quadrant REA (Georgia, USA based lender – new entrant to UK development finance market).
• Full funding in place for the construction project (including any over-runs) for immediate start.
• Project design team:
• Architect – Sheppard Robson
• Project Manager/ Employer’s Agent/CDMC – Gardiner & Theobald
• Quantity Surveyor - Gardiner & Theobald
• Structural Engineer – Curtins
• Mechanical & Electrical – Crookes Walker Consulting
• Planning Consultants – Deloitte
• Fire Strategy – Aecom
• Building Control – Assent
Arkwright House
Giles Hall [email protected]
Contacts
Kirsty Littleford [email protected]
Chris Cheap [email protected]
gva.co.uk
Norfolk House,7 Norfolk Street Manchester M2 1DW