Bruntwood SciTech has acquired The Pinnacle in Manchester as part of its plans to create a £5bn portfolio by 2032.
The Pinnacle is a 10 floor, 28,500sq ft workspace on King Street in the city centre and will be an expansion of the neighbouring Pall Mall scheme, which itself is undergoing a £30m redevelopment programme.
The company wants these to become an integral part of the city centre’s innovation cluster.
A joint venture between property company Bruntwood, Legal & General, and Greater Manchester Pension Fund, Bruntwood SciTech has acquired the workspace from Legal & General’s Asset Management division, which was acting on behalf of client ReAssure Ltd.
At the moment Bruntwood SciTech has over £314m of investment underway across Birmingham, Manchester, Leeds, and Liverpool, and has 1.45m sq ft of state-of-the-art workspace for innovation-led businesses, aimed at everyone from “startups through to global HQs.”
It has also revealed new pictures of the Pall Mall public piazza, which will renamed Pollen Square in commemoration of one of the original architects Francis Pollen, of Brett, Pollen & Teggin. It also said the name celebrates urban biodiversity which will be increased in the city centre through the introduction of new biophilia at the site.
“Our acquisition of The Pinnacle and investment into Pall Mall once again reaffirms our commitment to the North West’s – and indeed the UK’s – innovation economy,” stated Ciara Keeling, Chief Operating Officer for Bruntwood SciTech.
“By adding further state-of-the-art workspace designed to support the science, tech and innovation sector, we are creating even more opportunities for businesses operating within that area to collaborate and grow.”
