TOTAL COST
£120m
DURATION
14yrs
RESPONSIBLE BUSINESS
Enhancing communities
Improving The Environment
Working Together

Project Description

The first phase comprised the refurbishment of the former historic fishmarket walls and the regeneration of a Grade One listed building to create a large public courtyard framed by residential and commercial buildings. It was completed in 2003. Phase 2 completed in 2004 and includes retail and Class A2 space as well as affordable housing. The third phase, Icon 25, a residential element completed in 2006, brought to completion some 300,000 sq ft of residential and commercial space. Two hotels - a 230 bedroom Crowne Plaza (completed 2008) and a 192 bedroom Holiday Inn Express (completed 2011) – formed the fourth and fifth phases respectively. The £16 million sixth phase is now under construction. This will deliver a residential building of 77 new apartments and over 6,000 sq ft of ground floor commercial space.

The pre-development, planning and primary infrastructure works were carried out using Muse equity. Once the enabling works had been completed, on a phased basis Muse sought bank funding for Phases 1-3 inclusive.  Phases 4 and 5 were forward funded by the hotel operators, the sixth phase was forward funded by an investor and the final phase is being funded through a mixture of Muse equity and HCA funding.


Responsible business

Enhancing communities

Enhancing communities

The development helped restore local pride in Manchester’s Northern Quarter. What was previously considered a ‘no-go’ area by many is now a centre for thriving businesses with two hotels and a popular farmers’ market A direct contribution to community projects plays a key part in the success of Smithfield, with local music, art, craft and design groups flourishing
Improving The Environment

Improving The Environment

Transport systems have been improved as part of the scheme and local employment has increased Both hotels secured BREEAM ‘Very Good’ Detailed pre-application surveys were completed for impacts on site ecology, neighbourhood TV reception, building shadow studies, crime impact and sustainability which included consultations with residents and shop/commercial property owners
Working Together With Our Supply Chain

Working Together With Our Supply Chain

The scheme has been masterplanned for a further phase of mixed-use development, involving redevelopment of the Victorian ‘Mackie Mayor’ building - a listed building which requires sensitive restoration. Agreement was reached with the Royal Exchange Theatre Company to alter parking and loading/ unloading arrangements to their adjoining building

Challenges

The entire development site falls within the Smithfield Conservation Area and is also adjacent to the Shudehill Conservation Area, so all new development on the site has had to have taken into account the sensitive location and relationship to existing listed buildings Discussions with officers from the city council's planning and conservation teams, and direct consultation with English Heritage, influenced the building design and the planning application was only finalised when overall support from all parties had been secured Prior consultations were also held with highways and public health officers to establish an access and building servicing/ waste management strategy for the development. This had to take account of the nature of the adjoining narrow, unadopted streets and the need to establish a one-way servicing system while retaining access for the adjacent Royal Exchange Theatre props assembly building.


Testimonials

“The Smithfield development has undoubtedly proved to be a major catalyst in the regeneration of the wider Northern Quarter. Through working with the City Council, Muse has demonstrated commitment to driving forward real change and regeneration in the northern part of the city centre.”

Sir Howard Bernstein Chief Executive
Manchester City Council

Partners

Manchester City Council

Occupiers

Bluu Bar The Chinese Arts Centre Sweet Mandarin restaurant Costcutter supermarket Crowne Plaza Hotel Holiday Inn Express Hotel Residential occupiers

Investors

Bluu Bar The Chinese Arts Centre Sweet Mandarin restaurant Costcutter supermarket Crowne Plaza Hotel Holiday Inn Express Hotel Residential occupiers1


Awards

Smithfield was voted ‘Best Neighbourhood in Britain’ by the Academy of Urbanism in December 2010