The firm will strip back the Grade II warehouse building designed and constructed in a Dutch modernist style in 1937 to convert to 45,000 sq ft of contemporary office space across seven floors.
Funded by Hermes Investment Management, which is looking to capitalise on soaring demand for quality office space in Manchester. The building is connected to The Federation, a 70,000 sq ft former drapery warehouse connected to Dantzic forming a major block on the southern part of the NOMA site.
Russells is also converting the nearby Hanover House, a 90,000 sq ft listed building, which is also being transformed in a £7m refit into offices, featuring 18,000 sq ft of ground floor retail and leisure space.
Ian Cody, Director – Asset Management at Hermes Investment Management, said: “This year will be busy for NOMA, with Dantzic starting on-site and Hanover nearing completion. The two buildings will provide much needed office space in Manchester city centre and will help underpin our ambition for NOMA to become the UK’s leading innovation district.”
NOMA, a 20-acre neighbourhood that is set across the former Co-op estate, is now 100% owned by Hermes Investment Management after it acquired the Co-op’s stake in December last year.
Gareth Russell, Director at Russells Construction, said: “With Hanover fully underway and Dantzic starting on-site, it has been a pleasure to bring some of Manchester’s historic buildings back into use, breathing new life into them and creating contemporary workspaces that will appeal to the legions of techies and creatives that are transforming the city’s economy.”
In total, NOMA will provide 2.5m sq ft of office space at various price points alongside residential, retail and leisure space. Colliers and JLL are joint letting agents for NOMA.