Castlebrooke is bringing to the market one of Manchester’s most iconic buildings and the former HQ of the Co-op Group.
Castlebrooke acquired CIS Tower in 2016 and during this time has worked with the Co-op Group to negotiate a full surrender of the occupational lease and worked with Manchester City Council to procure additional office accommodation within the building (the podium component). In doing so, Castlebrooke has unlocked one of the best development opportunities in Manchester’s most sustainable district – NOMA. The building has recently been rebranded Society in homage to the building’s history.
A spokesperson from Castlebrooke said: “Castlebrooke has worked strategically alongside core stakeholders to put measures in place to deliver what is now believed to be the best ‘oven ready’ redevelopment opportunity in Manchester. The global prestige and iconic reputation of the former CIS Tower, alongside Castlebrooke’s compelling vision for the scheme, has brought about interest from investors/developers across the globe. As such, we believe now is the right time to offer the opportunity up to one of the many interested parties to take the asset forward.”
Society offers three distinct types of real estate propositions within one building, Street, Podium and Tower, providing up to 420,000 sq ft of complimentary and distinctive accommodation that matches the growing demand from local, regional, and international occupiers that are migrating to Manchester.
A spokesperson added: “The opportunity to deliver such high-quality accommodation over a short time horizon is unmatched elsewhere in the city and is the asset’s unique, differentiating factor. Castlebrooke is cognisant of the fact that it is a guardian/custodian of this iconic architectural gem and will work with Manchester City Council to ensure that an appropriate developer/investor is selected.”
Colliers and BSB have been instructed to advise Castlebrooke on the disposal.