One of the town’s famous landmarks, Stockport Pyramid, has been put up for sale by the Co-operative Bank.
Cushman & Wakefield has been retained by the Co-operative Bank to sell the landmark asset.
Located alongside junction 1 of the M60 motorway, Stockport Pyramid is a distinctive structure designed by Christopher Denny from Michael Hyde and Associates. It was originally intended to be the signature building for a much larger development along Kings Reach planned in 1987. Construction began in the early 1990s and it was completed in 1992 but an economic downturn caused the project to be abandoned as the developers went into administration. The building lay empty until 1995 when The Co-operative Bank repossessed it and opened it as a call centre.
The Co-operative Bank occupied it in its entirety until recently but, following a decision to relocate to other sites, it became surplus to current requirements. It was originally put up for sale in February 2017 and said at the time it was examining ways to raise equity capital from existing and new capital providers.
The Pyramid comprises 86,000 sq ft of office accommodation arranged over five floors with 426 onsite car parking spaces. The entire site comprises 4.5 acres and occupies a high-profile location immediately off Junction 1 of the M60 motorway.
Rob Yates, Partner and Head of Office Agency at Cushman & Wakefield said:
“We anticipate strong interest in this building; it’s rare that an iconic property such as this is brought to the market on a freehold basis. The property will appeal to owner occupiers and investors alike. Stockport as a business location is extremely strong, the town has seen significant investment of late and is now recognised as a great location to live, work and play. The success of Stockport Exchange and Redrock are testament to this.
“The Pyramid is ideally located to benefit from the excellent road and rail infrastructure of Stockport; Manchester Airport can be accessed rapidly via the M60 motorway and the mainline railway station in the town provides direct trains to London with a 2-hour travel time.”