Letting secured at King Street Manchester
A letting on behalf of an insurance company has been secured at one of the most striking office schemes in Manchester.
Commercial agent WHR Property Consultants has acquired in excess of 5,000 sq ft of floor space at the imposing 82 King Street building in city-centre Manchester on behalf of insurance broker Caunce O’Hara.
The incoming tenant has agreed to a 10-year lease at a rental price of £25 / sq ft. Caunce O’Hara are to relocate from smaller offices at City Wharf in New Bailey Street.
82 King Street is an imposing, Grade I Listed former banking hall coupled with a 14-storey office tower to the rear. The former home of the Bank of England, the scheme is arguably the most iconic office redevelopment in Manchester. The tower, which is connected to the banking hall, was constructed in 1996 and refurbished in 2009.
Suites within the building are available from 2,830 sq ft to over 6,100 sq ft. Serviced office facilities within the building are also available from providers including Regus. In total the scheme offers approximately 85,000 sq ft of floor space. The building is owned by property investment fund managers F&C REIT.
Caunce O’Hara had a requirement for city-centre Manchester office space. Alex Russell, Associate Partner at WHR commented: “We worked closely with Caunce O’Hara to understand its requirements and after identifying a shortlist of possible buildings, 82 King Street was deemed the ideal solution for the expanding company.”
Joint marketing agents for 82 King Street are GVA and Jones Lang LaSalle.
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