Repositioning 196 Deansgate, Manchester

• New leases agreed with renowned companies
• New working environment in a listed building
• Manchester - an emerging hub for real estate investments

AM ALPHA, a global family office for real estate investments, has made significant progress in developing 196 Deansgate in Manchester, which it acquired in the summer of 2023. Through strategic asset management and tailored refurbishment, the property has been significantly improved creating added value for both investment partners and the local community.

New rental agreements with renowned companies
One significant success is the lease signed with the well-known restaurant chain Flat Iron, which opened a new restaurant at 196 Deansgate at the beginning of July. The new restaurant, known throughout the UK for its first-class steaks and trendy ambience, will undoubtedly become a hotspot in the Manchester food scene and will contribute significantly to the local area.

In addition, SimpliSafe Limited, a leading manufacturer of smart home security systems, and engineering firm Harley Haddow have leased over 8,000 sqft of office space on the first and second floors of the building. These lettings demonstrate that the refurbishment strategy of providing fitted and furbished office space is resonating with occupiers, and 196 Deansgate is the ideal home for these tenants to continue to grow.

New working environment in a listed building
Since acquiring the property, AM ALPHA has also refurbished a 5,000 sqft office space on the 4th floor. This high-quality office space has been fitted out and furnished to an excellent standard as is available for tenants as a ‘plug and play’ opportunity. 

The property is located near Spinningfields in the heart of Manchester and is part of the Deansgate/Peter Street Conservation Area. The Edwardian style building is 63,000 sq ft and sits within the lively Deansgate part of Manchester, offering excellent public transport links and numerous retail and catering outlets.

Manchester - an emerging hub for real estate investments
In recent years, Manchester has become an important centre for technology, digitalisation, and creativity. The population in the Greater Manchester region has been growing for years, making the city an attractive location for real estate investments. AM ALPHA recognised this early on and has invested in Manchester for years. For example, the Rylands Building, located in the city centre, is currently being renewed. The complete refurbishment of this listed building includes a full modernisation of the existing structure, the conversion of the upper floors into premium office space, and the creation of a shopping arcade on the ground floor.

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.