The company behind the £70m transformation of Manchester’s former Debenhams building have issued a new update, saying that work is already underway at the site.
In a new statement, global real estate investment firm AM Alpha said that the main works will kick in in 2023 – the building is set to complete in early 2025.
The plans for the iconic Grade II-listed Rylands building include a four-storey extension on the roof, facilitating 10 floors of office space, plus a shopping arcade and a leisure area.
There’ll be space left for restaurant businesses when the refurbishment completes.
The building, which stands on the corner of Market Street and High Street, has been empty since 2021 when the department store collapsed.
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The stunning art deco building has become something of a heartbreaking eyesore with its boarded-up windows in such a prominent location.
The four-storey extension to Debenhams planned by AM Alpha. Credit: AM Alpha
But AM Alpha’s complete refurbishment and modernisation is set to bring it back to life, with enabling works underway now.
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Stephan Schmid, Senior Vice President at AM alpha: “Working with listed buildings is always a great privilege.
“We are proud to be able to give this historic Manchester landmark a new future and restore Rylands to its former glory in a very sustainable way. In this way, we are also helping to achieve Greater Manchester’s 2038 carbon neutrality target.”
Local construction company Russell WBHO, which specialises in listed and sustainable projects, will act as a construction partner for the project, while local property companies OBI and Barker Proudlove have been appointed as letting agents.
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“It’s fantastic working with AM alpha on such an exciting project in our home town. Rylands is a well-known, impressive building,” says Will Lewis, founding director at OBI. “The property is close to bustling areas such as Piccadilly Gardens and the Northern Quarter and will appeal to many local businesses. Due to the sought-after location, we already see a lot of interest from potential future tenants.”
Gareth Russell, founder and managing director of Russell WBHO: “We are delighted to be working with AM alpha to revitalise the historic Rylands building and position it in the market as a highly sustainable building. With our extensive experience in historic preservation and sustainable building, we will make AM Alpha’s vision a reality.”
Featured image: AM Alpha
Property
Government announces homebuying overhaul to fix country’s ‘broken’ housing system
Emily Sergeant
The Government has announced what it’s calling the biggest shakeup to the homebuying system in this country’s history.
In a bid to ‘rewire a chaotic system which has become a barrier to homeownership for thousands nationwide, the Government has today (Monday 6 October) unveiled proposals that it says will speed up the long-drawn out and costly process of buying a home by four weeks.
The Housing Secretary says this will not only save people money, but unnecessary stress too.
The proposed new plans would see sellers and estate agents required to provide buyers with ‘vital’ information about a property upfront – including the condition of the home, leasehold costs, and chains of people waiting to move.
It’s hoped this will help end any last-minute chain collapses and ultimately give greater confidence to first-time buyers when they’re making one of life’s most important decisions.
The Government has announced plans to fix the country’s ‘broken’ housing system / Credit: Benjamin Elliott (via Unsplash)
Binding contracts could also be introduced to stop people walking away from agreements after buyers painstakingly spend months in negotiations to hopefully halve the number of failed transactions.
The new reforms are also proposing that prospective buyers are provided with side-by-side information on estate agents and conveyancers, including their track record and expertise, alongside new mandatory qualifications and Code of Practice to drive up standards and work to rebuild trust in the industry.
Prime Minister Keir Starmer took to Twitter this morning to address the proposed new homebuying overhaul, commenting: “I promised that my Government would fix the broken housing system.
“Buying or selling a home will be faster, unlocking the dream of homeownership and allowing hardworking people to focus on the next chapter of their lives. That’s national renewal.”
I promised that my government would fix the broken housing system.
Buying or selling a home will be faster, unlocking the dream of homeownership and allowing hardworking people to focus on the next chapter of their lives.
“Through our Plan for Change, we are putting more money back into working people’s pockets and making a simple dream a simple reality.”
Featured Image – James Feaver (via Unsplash)
Property
Inside the brand-new rental houses at Bolton’s landmark £35m development, Deansgate Gardens
Daisy Jackson
The first residents are in, and the launch of Deansgate Gardens – a landmark £35m development in Bolton town centre – is live.
This impressive new development has brought 167 high-quality rental homes to Bolton, creating a residential neighbourhood that features rooftop terraces, gardens, and stunning communal spaces.
The homes on Deansgate, Bolton have been built specifically for renters, with spacious layouts in an ideal location just a two-minute walk from Bolton Town Hall and a short commute to Manchester.
And, unusually for new rental developments, it’s not all about apartments here (though there are beautiful one- and two-bedroom apartments with rooftop gardens available).
It’s also somewhere you can rent two-bedroom townhouses, and have your very own yard.
Every home is built with energy efficiency in mind, with heat pumps and enhanced insulation, plus rooftop solar panels on selected homes, keeping those pesky bills down.
This pet-friendly development comes from developer Placefirst, and is a key moment in the wider £1bn regeneration masterplan for Bolton.
Inside Deansgate Gardens in BoltonInside Deansgate Gardens in BoltonA spacious bedroomThe rooftop terraceView from the rooftop terrace
Deansgate Gardens is located just opposite the former Beales department store, connected by the train station, bus interchange, and town centre within walking distance.
These stylish new homes are built around a central square and communal courtyards. The result? Somewhere residents can relax, socialise, and connect.
There’s even a dedicated Resident Service Manager and 24/7 maintenance support for peace of mind.
And just a short walk away you’ll find parks like Queen’s Park, plus beautiful routes along the River Croal.
Ready to make these houses your home? Book in for a tour around Deansgate Gardens today HERE.
Daisy Jackson -
14th November 2022 
