It was submitted by Deloitte Real Estate and the development is aimed at the technology, media and telecoms sector.

The newly-named Cotton Building scheme has been designed by architect Cartwright Pickard.

Michael Ingall, CEO of Allied London said: “We have been spending valuable time designing the model since we launched the concept, and are now in a position to deliver what wild be one of Manchester’s and in fact our, most exciting buildings.

“The workspace market has changed and evolved significantly in the last three years and we needed to develop property to reflect this.”

John Cooper, director in the planning team at Deloitte Real Estate said: “Allied London’s new building is an exciting concept that brings work and play together and is something that no one has developed in this city. Allied London is at an advantage as it has already developed the necessary infrastructure around the building and wider estate to support the new model.”

The lower floors of The Cotton Building will provide communal workspace, co-location facilities, a gym with wellbeing centre, café, bar and restaurants, a bicycle park with its own entrance, climbing wall, and a series of building and service concierges, aiming to provide essential support for start-ups and small businesses to established corporates.

The building will be managed by i+, Allied London’s new property management service developed with Capital Properties.