Bruntwood SciTech has acquired the Pinnacle office building in central Manchester and unveiled plans for a public piazza at its nearby Pall Mall redevelopment project. 

A joint venture between property company Bruntwood, Legal & General, and Greater Manchester Pension Fund, Bruntwood SciTech said it acquired the Pinnacle workspace from Legal & General’s Asset Management division, which was acting on behalf of its client ReAssure Ltd.

The Pinnacle, located on King Street in the historic centre of Manchester, has 8,500 sq ft of workspace across 10 floors and will become part of the nearby Pall Mall scheme, in total offering more than 120,000 sq ft when completed next year. 

Bruntwood SciTech said it is aiming to create a £5 billion property portfolio by 2032 and increase its secured development pipeline to provide 8.4m sq ft of state-of-the-art workspace for the UK’s fastest growing sectors. 

The company said it has committed £243 million of investment to Manchester alone, part of £314 million committed across Birmingham, Manchester, Leeds, and Liverpool. It said it is bringing to market 1.45 million sq ft of state-of-the-art workspace for innovation-led businesses.

Bruntwood SciTech said the Pall Mall project, in the midst of a £30 million redevelopment set to complete in summer 2025, will include a variety of workspaces spanning Pay-As-You-Go and coworking lounges, all-inclusive serviced offices, and bespoke leased workspaces. 

On Thursday Bruntwood SciTech also unveiled plans for a public piazza at the project, which is set to be named ‘Pollen Square’ in commemoration of one of the original architects Francis Pollen, of Brett, Pollen & Teggin. The name also celebrates urban biodiversity which will be increased in the city centre through the introduction of new biophilia at the site.

Ciara Keeling, Chief Operating Officer for Bruntwood SciTech, said: “Our acquisition of The Pinnacle and investment into Pall Mall once again reaffirms our commitment to the North West’s – and indeed the UK’s – innovation economy. By adding further state-of-the-art workspace designed to support the science, tech and innovation sector, we are creating even more opportunities for businesses operating within that area to collaborate and grow, and ultimately working towards our ambitious goal of creating a £5bn portfolio by 2032.”