Plans have been unveiled for a multi-million-pound regeneration of Manchester’s Piccadilly Gardens.The city centre space is to get an overhaul as part of a £10m investment by Legal & General Investment Management Real Assets (L&G), in partnership with Manchester City Council. In return, L&G’s lease area is being extended.The plans include removing the existing Pavilion building and feature wall and replacing them with two new Pavilion buildings linked by a covered area of new public space for year-round use. Greater Manchester Police have been consulted on the landscaping design “to deter anti-social behaviour and improve natural surveillance”.The proposals for the Pavilion and Gardens will be undertaken and paid for by L&G. The cost is estimated to be in excess of £10m of which £2m will be invested in public realm improvements. The value of the extra land required for the new Pavilion buildings is estimated at £1.3m, which will be reinvested in the public realm improvements with L&G providing the remaining funding. L&G has a 250-year lease on the Pavilion building.
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