1 Hardman Square
Encyclopedia
1 Hardman Square is a proposed 140m skyscraper which would be located in the Spinningfields
district of Manchester city centre
, Manchester
in the United Kingdom
.
district of Manchester and the growth in proposals for skyscrapers in Manchester at the time. The Credit Crunch in 2008 paralysed the development market, particularly in the expensive sector of constructing skyscrapers.
In 2011, it was reported that developers of the tower, Allied London, were on the verge of sealing a £165m deal with German fund manager, Union Investment
. As part of the deal, Union Investments will forward-purchase 1 Hardman Square, thus giving Allied London capital to construct the skyscraper. Construction of the skyscraper will be dependent on whether Allied London can sign up tenants for half the building, which could take up to two years as the economy recovers.
Spinningfields
Spinningfields is a large business, retail and residential development in Manchester, England that lies in the western portion of the City Centre, between south Deansgate and the River Irwell. The Spinningfields complex is the masterplan of Allied London Properties, a London-based property...
district of Manchester city centre
Manchester City Centre
Manchester city centre is the central business district of Manchester, England. It lies within the Manchester Inner Ring Road, next to the River Irwell...
, Manchester
Manchester
Manchester is a city and metropolitan borough in Greater Manchester, England. According to the Office for National Statistics, the 2010 mid-year population estimate for Manchester was 498,800. Manchester lies within one of the UK's largest metropolitan areas, the metropolitan county of Greater...
in the United Kingdom
United Kingdom
The United Kingdom of Great Britain and Northern IrelandIn the United Kingdom and Dependencies, other languages have been officially recognised as legitimate autochthonous languages under the European Charter for Regional or Minority Languages...
.
Background
The skyscraper was first proposed in 2004, linking in with the new developments in the SpinningfieldsSpinningfields
Spinningfields is a large business, retail and residential development in Manchester, England that lies in the western portion of the City Centre, between south Deansgate and the River Irwell. The Spinningfields complex is the masterplan of Allied London Properties, a London-based property...
district of Manchester and the growth in proposals for skyscrapers in Manchester at the time. The Credit Crunch in 2008 paralysed the development market, particularly in the expensive sector of constructing skyscrapers.
In 2011, it was reported that developers of the tower, Allied London, were on the verge of sealing a £165m deal with German fund manager, Union Investment
Union Investment
Union Investment is the investment company of the DZ BANK Group and part of the cooperative financial services network....
. As part of the deal, Union Investments will forward-purchase 1 Hardman Square, thus giving Allied London capital to construct the skyscraper. Construction of the skyscraper will be dependent on whether Allied London can sign up tenants for half the building, which could take up to two years as the economy recovers.