LSH secures tenant for Manchester development
Commercial agent Lambert Smith Hampton (LSH) has secured a new tenant for a speculative office scheme in the heart of the business district of Manchester.
LSH has signed up recruitment consultancy Sacco Mann for an office suite at the Vantage Point development (pictured – website) in Spinningfields, Manchester. The company have agreed to take a 1,500 sq ft office suite on a 10-year lease. Rental prices have not been disclosed but floor space within the building is quoted at £25 / sq ft.
Vantage Point is an 11-storey office building offering basement parking and 10 floors of office space. The 50,000 sq ft building offers floor plates of 5,031 sq ft to 5,859 sq ft. Office suites are available on either a split or whole floor basis.
A speculative development by Hardman Estates, Vantage Point is located in the popular Spinningfields district of Manchester. With several new-build office developments within close proximity, the area has been described as the “Canary Wharf of the north”. The developers scored an early success at Vantage Point with Allied Irish Bank (AIB) agreeing to a pre-let in 2008 for 16,000 sq ft of space over 4 floors. The rental details for the 15-year lease were not disclosed.
Commenting on the lease agreement, John Sacco at Sacco Mann said: “We wanted a building that was in a highly visible location, within close proximity of the concentration of solicitors and professional firms already based at Spinningfields. Vantage Point delivers exactly that.”
The building has achieved a BREEAM rating of ‘Very Good’. 31,723 sq ft of vacant floor space remains available to let. Marketing agents are King Sturge and CBRE.
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