Argent beat Ician, a joint venture between Amec and Crosby Homes, which was its rival on the final shortlist. The decision was finalised this week by Manchester City Council and the Greater Manchester Passenger Transport Executive, which were advised by GVA Grimley.
The developer is building a 14,120 sq m (152,000 sq ft) office scheme on Piccadilly Gardens. The deal opens up the possibility of Argent assembling a site for a new mixed-use quarter along Piccadilly and Aytoun Street, which link the two sites.
A source close to the talks said: 'Argent wants to be seen as the developer for Piccadilly in the way Allied London is at Spinningfields.'