AM ALPHA has appointed Domis Construction to work on phase two of the Rylands development in Manchester city centre.
The scheme, located in the former Debenhams building on Market Street, will transform the Rylands landmark into a mixed-use development comprising retail, leisure and office space.
Enabling works for the site began in late 2022, with former contractor Russell WBHO completing phase one of the project throughout 2023.
Domis will now take charge of the complete refurbishment plans, which include fully redeveloping the existing building, converting the upper floors into high-quality office space and creating a shopping arcade on the ground floor.
Plans created by developer AM ALPHA, who owns the building, also include a four-storey extension to create an additional 40,000 sq. ft of office space.
Upon completion, Rylands will boast ten floors of high-quality office, retail and leisure space. The project’s anticipated completion date is Spring 2027.
Stephan Schmid, Senior Vice President at AM ALPHA said: “Rylands is a pioneering scheme that, once complete, will set a new precedent for mixed-use schemes in Manchester. Such an ambitious project takes time and is subject to team changes throughout the build process.
“Domis is an experienced construction operator that understands our vision for the site. The contractor will play a vital role in bringing our meticulous plans to fruition during this next stage of the project, so that the people of Manchester can enjoy Rylands for decades to come.”
Kingsley Thornton, Managing Director at Domis Construction said: “The Rylands development piqued our interest when plans were first announced, so it’s fantastic to be brought onto the team at such an exciting stage. It’s an ambitious brief to refurbish such an iconic building, and it’s great to have hit the ground running with construction activity.
“Our team has a strong history of delivering exceptional projects across Manchester and the surrounding areas, benefiting from local knowledge and an understanding of the community. We’re excited to play a crucial role in bringing Rylands into use in the heart of the city.”
The Rylands project team also consists of Jeffrey Bell Architects, OBI Property and Barker Proudlove.
Germany-based AM ALPHA is continuing to make a name for itself as a key player in the Manchester property market. Alongside its ambitious plans for Rylands, the developer has recently breathed new life into prime commercial space, 196 Deansgate.
Since acquiring the building last year, AM ALPHA has completed refurbishment works on the Grade II listed property and welcomed several new tenants, including Harley Haddow, Flat Iron and SimpliSafe.
ENDS
For more information, please contact:
[email protected] / Rebecca Sweeney on 07803 327778.
About AM ALPHA
AM ALPHA is a Munich based privately owned real estate family office that focuses on global investments in prime real estate on its own account and in collaboration with family offices, private clients and endowments in Europe and Asia. The company is represented in Europe in all major real estate markets with its own offices. Its Asian operations are headquartered in Singapore, with offices in the gateway cities in the Asia Pacific region. AM ALPHA has also received all necessary licenses from German regulator BaFin acting as a German regulated capital management company (Kapitalverwaltungsgesellschaft – KVG) and Alternative Investment Fund Manager (AIFM). The real estate firm is currently managing a substantial Asia Pacific and European portfolio.
Contact:
AM ALPHA
Sendlinger Strasse 7 | 80331 Munich | Germany
Tel: +49 89 550 6989 00
Andreas Menke | [email protected]