The latest development at the 20-acre mixed-use neighbourhood in Manchester city centre will see a new seven-storey extension built to the rear of the Old Bank creating 83,000 sq ft of high-quality office space spread over six floors,

A revamped and enlarged ground floor will provide 6,900 sq ft of retail and leisure space spread over four units, as well as 2,600 sq ft of co-working space.

The existing stairs, windows, lobby and former banking hall areas will be repaired and refurbished.

Designed by Sheppard Robson, the redevelopment of Old Bank will also help better integrate the building into Sadler’s Yard, Manchester’s newest public square.

Hermes Investment Management is the investment manager of the NOMA development, working on behalf of an institutional investor, with development and asset manager MEPC taking forward the new-build elements.

Stephen Bradley, senior asset manager at Hermes Investment Management, said: “We have made significant progress at the NOMA listed estate, carefully restoring Manchester’s built heritage while also creating contemporary workspace that appeals to both major occupiers and SMEs.

“Our plans for Old Bank will provide yet more much needed quality office space to support the city’s growing economy and build on recent planning and construction activity across the whole NOMA neighbourhood.”