5 January, 2009
The Co-operative Group has announced that its new £100 million headquarters will be based in Manchester. It will be built on land close to its existing base in the city centre.
The Group has acquired the six-acre car park bordering Miller Street and Dantzic Street from the Co-operative Insurance With Profits Life Fund for an undisclosed sum.
Work will now begin on incorporating plans for the site and the new building, which will provide around 400,000 sq ft of office space, into an overall masterplan for the Group’s 20-acre complex, which is bordered by Miller Street, Dantzic Street and Corporation Street.
The masterplan, which will transform an area of the city known as the Northern Gateway, will be unveiled next year and among the buildings which will be vacated by the Group are New Century House and the nearby Old Bank, Hanover, Redfern, Dantzic and Federation buildings.
Around 3,000 staff are expected to relocate to the new complex towards the end of 2011
Sir Richard Leese, Leader of Manchester City Council said: "This is fantastic news. We have been working very hard to keep the Co-operative Group in Manchester. Miller Street, a strategic location at the northern gateway to the city, is the right decision. We’re working with the Group and other landowners in the wider area to put forward proposals for further regeneration opportunities in this part of the city centre."
Source: Co-operative Group Online