The 12-storey scheme was designed by Squire and Partners architects

Property investors Axa Real Estate has secured planning for a £50m commercial scheme in the heart of Manchester.

The 12-storey scheme, designed by architects Squire and Partners, will provide accommodation for around 800 employees.

Construction of the tower will commence once 50% of the building has been pre-let.

WHR Property Consultants and CBRE have been appointed as agents to secure prospective tenants.

The offices will replace Peterllo House, the seven floor 1960s office building currently on the site.

Axa said it could not yet give any indication as to when they will tender.