Squatting: The Manchester City Centre Property Problem Nobody Talks About

Manchester squatters have struck again: this time taking occupation of the Japanese-owned and long-empty former Barclays Bank at the corner of Piccadilly and Chatham Street.

A Palestinian flag and a banner demanding help for inmates of the Yarls Wood detention centre are now hanging from the top floor of the four-storey block immediately opposite the ABode Manchester hotel on one of Manchester's gateway sites.

Land Registry entries show that the part-cleared site at 12-16 Piccadilly and 4-8 Gore St. was bought in 2014 by Japan-registered Toyoko Inn Co. Ltd., who paid £2.2M plus £440K VAT. They operate no-frills business hotels in Japan, South Korea, Vietnam and the U.S.

The latest move follows a rash of squatting incidents in Manchester city centre, mostly in empty buildings awaiting redevelopment.

In January squatters were removed from the offices at Diocesan Chambers, South King Street. The office was above a parade of shops, including Kiehl’s and Cath Kidston.

In August police removed squatters who had occupied part of the former Cornerhouse cinema, Oxford Road, for several months. The site, in the ownership of Network Rail and the city council, has been planned for redevelopment since 2012 with the name of Manchester-based Bruntwood sometimes associated with the plan.

A former Pizza Express restaurant, part of the island site at John Dalton Street, was occupied in December 2016. Henry Boot has been chosen as preferred developer by landlord Greater Manchester Property Venture Fund, and a 90K SF office scheme is planned.

Continue reading this story with a free account

Log in or register
Sign up for more articles like this
Subscribe to Bisnow's Manchester Newsletters
Related Stories

Mamdani Targets Central Brooklyn For First Neighborhood Rezoning

How One Woman Keeps Wynwood's Artistic Heart Beating With Developers Rushing In

'It Behaves Like A Capital City': Investors Keen To Put Money Into Manchester

Ted Turner, Who Left A Mark On Downtown Atlanta CRE, Dies At 87

Wall Street Impatient For Big Tech Returns On Data Center Spending

As AI Adoption Ramps Up, Half A Million Property Managers Are In The Crosshairs

Treasuries Hover Around 4.7% As Wall Street Questions If Warsh Is A 'Dove In Hawk's Clothing'

Avison Young Had Assets Frozen By Bank Over Unpaid Taxes

Camden Property Trust Sells West Coast Portfolio, Clears $1.5B Target

Churchill Downs Plans To Sell 9 Casinos, Focus On Horse Racing

Bringing Stability And Savings To CRE Insurance Through Working Layer

More Hotel Owners In Need Of Cash Are Getting It From The Big Brands