Swedish-based Artmax Properties has completed a £1 million refurbishment of office building, 10 Chapel Walks in Manchester city centre.
The grade A building, formerly known as the Observatory, was acquired by Artmax from the Universities Superannuation Scheme for £20 million in September 2018.
The refurbishment works have included, new showers and bike store in basement, a new reception area and remodelled workspace.
Cushman & Wakefield is the letting agent at 10 Chapel Walks whilst CBRE project managed the refurbishment.
The 55,138 sq ft building, which was built in 1998, is currently well let and boasts a strong tenant list with occupiers such as Ward Hadaway, Workman and Aviva all in situ. 18,110 sq ft of space is still available. The sixth floor totalling 7,008 sq ft is under offer.
10 Chapel Walks is located on Cross Street with frontages to Cheapside and Chapel Walks, in the heart of Manchester’s Central Business District.
Toby Nield, Associate in Cushman & Wakefield’s Office agency team, said: “The Observatory was a ‘sleeping giant’ of Manchester’s CBD but Artmax has rejuvenated the building and given it a new lease of life. They have taken the asset from obscurity and it is now a case-study for how to reposition a building within a market.
“The refurbishment and rebrand is of the highest quality. 10 Chapel Walks has the look and feel that will appeal to sectors of all occupiers.”