Investing into North Manchester is contributing to the economic and cultural transformation in the city centre.
Hermes acquired The Co-op Group’s entire share interest in the sites and buildings within their NOMA Joint Venture (JV). NOMA is one of Manchester’s most significant urban regeneration schemes and one of the largest development projects in North West England. The JV was formed to bring forward new offices, homes, hotels, retail and leisure, as well as vibrant urban spaces and substantial new public realm.
Mixed-use redevelopment scheme, transforming Manchester's city centre
JV partnership between Hermes and The Co-op Group since 2014
People already working in the NOMA neighbourhood
With over 6,500 people already working in the NOMA neighbourhood, there is ongoing strong demand for high quality office space in the region and it is fast becoming one of the best-connected business destinations in the country, boasting excellent transport links. Manchester Victoria station has undergone £44 million of renovation and the neighbourhood is strategically located next to both the Shudehill transport interchange and the new Exchange Square tram stop with a direct link to Manchester airport.
Our vision for NOMA is to continue to help move the development forward to create a leading commercial hub in Manchester’s city centre, which embraces the area’s past and heritage by featuring a unique mix of historic and new buildings. We hope to provide an attractive, well-connected and sustainable environment where people want to work, live and socialise.
These case studies are examples of companies we have either held or engaged with. Source: Hermes Investment Management