Manchester to benefit from £8m co-working development

Start-ups and small businesses in the Manchester area are set to benefit from a new £8m office development in the city centre.

Bruntwood, a family-owned commercial property business, has announced plans to transform the city’s 52,000 square foot 15-storey Bank House into a workspace called ‘neo’.

Due for completion in late 2016, the office development will house collaborative work spaces, events spaces, a communal lounge and kitchen, private studios, a roof terrace and even a digital art space.

‘neo’ will be open to start-ups across all sectors with a focus on creative, media and digital industries and, alongside desk space, will also offer technology solutions and support services to help businesses grow and develop.

Chris Oglesby, chief executive at Bruntwood, said of the news:

“With neo we have the chance to nurture new and ambitious start-ups. We see the building as a cultural, collaborative flagship, utilising new technologies in a creative way to reflect the diverse needs of our customers.

“The roof terrace, with its weather-proof meeting pod, the lounge, the open-plan kitchen, the co-working space and the digital art space will provide the perfect platform for a social network at neo, putting businesses of all sizes on an equal footing and fostering innovation in the workplace for all.”