After standing vacant for over five years, talks between Eamar Developments and award-winning restaurant chain Royal Nawaab are progressing, with plans to convert the illustrious building into a magnificent Indian restaurant and banqueting hall.
The Stockport Pyramid
The Pyramid, an architectural gem situated off Junction One of the M60 motorway, has remained a prominent landmark despite its chequered history.
Originally intended to be one of five pyramids in the area, symbolising Manchester’s own ‘Valley of Kings’ along the River Mersey, financial setbacks resulted in Stockport being left with the sole pyramid after the developers’ bankruptcy.
The History of the Stockport Pyramid
Its construction began in the late 1980s, and the Pyramid finally opened its doors in 1992.
The Co-operative Bank, which had funded the project, took possession of the building and subsequently used it as their base of operations after moving in as early as 1995.
However, in 2017, the bank relocated its operations to NOMA in Manchester, leaving the Pyramid unoccupied once again.
Eamar Developments
Dr Abdullah Al Naeem, owner of Eamar Developments, seized the opportunity and acquired the Pyramid for £4.5 million in 2019. Now, four years later, negotiations with Royal Nawaab, renowned for its former Levenshulme banquet hall, are nearing completion, offering a ray of hope for the landmark’s future.
Royal Nawaab, Stockport?
Royal Nawaab, which already operates two successful restaurants in London—based in the Hoover Building in Ealing and Ilford in east London—has plans to convert the entire 86,000 square feet of the Pyramid into a restaurant and banqueting hall.
The restaurant chain’s owner, Mahboob Hussain, has confirmed the talks with Eamar Developments, bringing excitement and anticipation to Stockport.
This potential deal represents an immense boost for Stockport, injecting new life into one of Greater Manchester’s most interesting and unusual structures.
The Pyramid, occupying 4.5 acres of land, encompasses five floors of office accommodation, totalling 86,000 square feet.
It also provides ample parking space with 426 on-site car parking spots, catering to the needs of visitors.
Saudi Arabian investors in Manchester
The Saudi Arabian investor, Eamar Developments, recognised the potential of this architectural gem and acquired it from the Co-operative Bank in May 2019, after it had been put on the market the previous summer.
So fingers crossed for an interesting, and very tasty, new chapter in the history of the Stockport Pyramid.