Since the news broke, many people are interested in giving a helping hand. Community group, The Real Junk Food Project, will help deliver a food project to the exchange, while Manchester Angels revealed on their site that a "household name chef" was interested in providing a Christmas meal for the homeless.
The homeless project set up at the exchange has now been called "The Sock Exchange" which will provide new clothes and food, for those who need a roof to live under during the coming months.
"(Neville) knows we'll look after the building and make proper use of it until the building work starts. This isn't a long term thing, but we'll have so much going on in here to help people," Hall said.
"It's exactly what Manchester needs right now."
—By CNBC's Alexandra Gibbs, follow her on Twitter @AlexGibbsy.