MANCHESTER, UK-AXA Real Estate Investment Managers has gained planning approval for a EUR 50-million office development in St Peter's Square, Manchester. The real estate asset and fund manager is managing the property for Co-operative Insurance Society Ltd.
AXA Real Estate plans to reconstruct the 40,000-square-foot Peterloo House office building with a new 12-story, 108,000-square-foot office building. Construction will start once nearly 50% of the property has been pre-leased. CBRE and WHR Property Consultants are securing prospective tenants for the new building. For the full story, go to PropertyMall .
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