commercial property lambert smith hampton

Our work - 28/02/2016

Providing specialist retail and leisure advice on one of the largest mixed‑use development projects in the North West of England

We have been appointed by NOMA (GP) Ltd – a joint venture between The Cooperative Group and Hermes Investment Management – on a joint agency instruction to provide retail and leisure advice for the NOMA development, a 20 acre regeneration of Manchester city centre, extending the boundaries of the city’s core.

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Plans for the area include the creation of Sadler’s Yard, a new public square and public realm, 500,000 sq ft of retail, leisure and hotel accommodation, 2.5m sq ft of offices, and 1m sq ft of residential accommodation.

Working with NOMA’s design team, we assisted in developing a masterplan for the site – which includes listed buildings – by providing advice on potential occupational demand, appropriate unit design and rental values.

We are also advising on the potential impact on values, related to the phasing of the scheme and tenant demand, to ensure maximum financial returns for our client.