Posted on July 29, 2011 by John Cronin
A significant tenant has been secured for the Maxim Office Park near Coatbridge, Lanarkshire.
The future of the financially troubled Maxim Park (pictured) looks somewhat brighter following the substantial letting of the entire Maxim 6 building. The Scottish Environment Protection Agency (SEPA) has agreed to a 20-year lease on the 60,000 sq ft office block.
Described as the largest speculative office development in the UK, Maxim Park has had a turbulent financial history and was only recently rescued from financial collapse. A sale of the Lloyds Banking Group debt on the development to New York based Cerberus Capital Management gave the scheme a lifeline.
Maxim Park is a mixed-use, 750,000 sq ft speculative development of retail space and large, open-plan office accommodation. The offices are predominately 4-storey buildings with the largest being the 187,000 sq ft Maxim 5. One of the largest speculative office buildings in the UK, Maxim 5 offers floor plates of around 47,600 sq ft. All buildings in Maxim Park are BREEAM rated ‘Very Good’ or ”Excellent’. Quoted rental prices for office space is £14.50 / sq ft and rent-free periods are available.
SEPA is to retain its headquarters in Stirling but will relocate 350 staff from other existing offices. SEPA will relocate 200 staff from two offices that are due to close in East Kilbride.
Commenting on the letting agreement, David Gebbie, partner at agents Arisaig Property Partners LLP said: “We are obviously excited to welcome SEPA to Maxim Office Park, especially as it was the recent financial restructuring of Maxim that has allowed both parties to achieve a leasing deal that previously couldn’t have been achieved.”
Posted in Lanarkshire |
Tagged Business Parks, Rental Prices, Speculative Developments |
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Posted on July 27, 2011 by John Cronin
Plans for a controversial, multi-million pound office scheme in Cheltenham have been given the go-ahead at a recent council meeting.
Consent has been given (planning application) for the mixed-use Honeybourne Place (pictured) scheme in Jessop Avenue despite the proposed building being called a “monstrosity” by local campaigners.
Commercial property developers Formal Investments are behind the £10m scheme. The 6-storey building will offer 75,000 sq ft of floor space of which approximately 37,000 sq ft will be dedicated for office use. The building will also include residential, retail and leisure space.
Formal Investments has announced that a pre-let agreement for around 50% of the office space has already been secured. Steinhoff International, whose UK brands include Harvey’s, Bensons For Beds, Relyon and Sleepmaster has agreed to the pre-let. The company already has plans to relocate to Festival House, another Cheltenham office scheme in Jessop Avenue owned by Formal Investments.
Some local residents groups have opposed the proposed development. Dr Richard Hayman, Cheltenham General Hospital, speaking at the committee meeting on behalf of the St George’s Road residents said: “Anyone with vision can see that this will be the 2011 equivalent of the 1960 monstrosities that continue to blight our townscape.”
However, Nicholas King, Formal Investments, describes the development as (pdf link): “a major investment for Cheltenham … An investment of this size also represents a significant vote of confidence for the town and the local economy”.
The building is to be constructed on land currently used as a private car park. The glass-fronted building, which will incorporate a range of sustainable energy features, is expected to achieve a BREEAM rating of ‘ Excellent’.
Architects for the scheme are Roberts Limbrick. Marketing agents are Nick Bevan Consulting.
Posted in Gloucestershire |
Tagged Planning, Speculative Developments |
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Posted on July 25, 2011 by John Cronin
An eco-friendly refurbishment of a 1950’s office block in Bloomsbury, London has now been completed.
Emrys Architects has announced the completion of the complete refurbishment of Conquest House (pictured – website). The speculative scheme offers 22,500 sq ft of prime office accommodation over 6 remodelled floors and is being marketed as suitable for headquarters occupation.
Property developer GMS Estates started the refurbishment works in June 2010 and suggest that it will be the only new scheme in WC1 to complete in 2011. The original building was considered as being tired, outdated and unable to offer appealing, modern office accommodation.
GMS believe that the conservation area of Bloomsbury is a Midtown offices sub-market that offers opportunities for strong capital growth. Rental prices in the Midtown area have risen by 18% in the last 12 months.
The refurbishment works at Conquest House have included a range of sustainable and low-energy features including rain-water harvesting, chilled-beam cooling and solar-powered hot water heating. The building has achieved a BREEAM rating of ‘Very Good’. Commenting on the sustainability features of the building Glyn Emrys of Emrys Architects said: “…it’s particularly gratifying that environmental performance is fast becoming a key priority across the commercial rental sector”.
The offices have been designed for either whole-building or multi-tenant occupancy on a floor-by-floor basis. Floor plates range from 3,175 sq ft to 3,972 sq ft. A new rear atrium links the ground and lower-ground floors. There is a private garden and external terraces. Rental prices have not been disclosed.
The building is currently under-offer. Marketing agent for the scheme is Farebrother.
Posted in London |
Tagged Renovations, Speculative Developments |
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Posted on July 22, 2011 by John Cronin
Planning consent for a multi-million pound office scheme in central Manchester has been granted.
AXA Real Estate has received permission for a £50m scheme (pictured) that will commence once 50% of the building has been pre-let. The existing building, known as Peterloo House, is owned by Co-operative Insurance Society.
AXA will demolish Peterloo House, a 7-floor office block offering 40,000 sq ft. A new 12-storey block is planned that will create 108,000 sq ft of Grade A floor space. The building, which is expected to be let on a multi-tenant basis, will accommodate about 800 people. An energy-efficient building has been designed that is set to achieve a BREEAM rating of ‘Excellent’.
Commenting on the scheme, Dorrien Thomas, UK Head of Asset Management at AXA Real Estate, said: “Receipt of planning consent at St Peter’s Square means that we can now push
ahead in earnest with marketing this new well-located Grade A office space in the middle of
Manchester’s central business district”.
The supply of central Manchester office space is expected to increase as other potential schemes gather pace. Market reports suggest that developers Allied London are close to securing £165m of funding from a German investment fund for a 350,000 sq ft speculative office scheme at Spinningfields. The building has been designed by Foster & Partners, who also designed the office block at 3 Hardman Square.
However, some agents believe demand for such projects might not be that great. Chris Cheap, director of office agency at GVA, said: “It’s great news that potential investors are looking to Manchester but if developers are looking for pre-lets on such huge developments, it may take some time to get construction off the ground.”
Joint marketing agents for the St Peter’s Square scheme are CBRE and WHR Property Consultants.
Posted in Manchester |
Tagged Planning, Speculative Developments, Spinningfields |
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Posted on July 20, 2011 by John Cronin
Works have started on the latest phase of what is considered as being the largest office refurbishment in central Birmingham.
Commercial property developer Highcross is spending an additional £1m on a second phase of redevelopment at their Livery Place scheme (pictured) in Birmingham.
This latest phase is reportedly the largest refurbishment programme of a city-centre Birmingham office scheme this year. Highcross has already spent £3m at Livery Place refurbishing the reception and communal areas and floors 5-7. The current works will see floors 1-4 being refurbished.
Livery Place (formerly known as Berwick House) offers around 60,000 sq ft of Grade A floor space over 8 floors. The building is located within the commercial district of Birmingham and is next to Snow Hill Railway Station. The speculative Snowhill development is also close by. Livery Place offers floor plates of 9,100 sq ft and open-plan suites from 932 sq ft are to be made available. Quoted rental prices are £19.50 / sq ft. Packt Publishing has already signed a pre-let agreement on 3,690 sq ft of space in phase two of the building.
Commenting on the works, Joe Curlett, senior asset manager at Highcross, said: The second phase of Livery Place [comes off] the back of the success of the first phase, where we have now let more than 70 per cent of the space. In response to market demand, we have also sub-divided the first floor into smaller suites of 900 sq ft up to 4,100sq ft.”
Highcross purchased Livery Place from investment company Boultbee for £10.5m in January, 2008. Birmingham-based City Office Interiors who completed the initial refurbishment programme has been retained for the current works.
Joint marketing agents for Livery Place are GBR Phoenix Beard and CBRE.
Posted in West Midlands |
Tagged Rental Prices, Speculative Developments |
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Posted on July 18, 2011 by Nell Frizzell
And so we come to the final episode. Episode twelve. That means twelve times we’ve watched these opening credits. Twelve times Lord Sugarcube has stood on top of that London tower block. And twelve times he hasn’t looked across at the collection of sociopaths, liars, chancers and morons waiting in his fleet of Addison Lee taxis and just hurled himself off. Baron of Clapton, you are a stronger man than me.
Just 48 hours after Susan and Jim rode in on the wings of glory (if you can call ‘not getting fired from a job you never had’ glory) they are back in front of the firing line. But this time, Lord Sugarnuts has brought in his bunch of heavies to get their hands dirty. Here’s Margaret ‘crusher’ Mountford, Claude ‘pitbull’ Littner and two mods who I can only assume have a bit of chain and a flickknife in their pockets.
“We’re just four people standing on our own two feet,” says Jim soberly. Which according to Jim’s mental arithmetic makes 86,798 toes and 4,286 knees.
The four apprenti (this is the biological term for a group of unemployed narcsissists) turn up to be grilled by for ‘top business experts’ in some poorly-lit, strangely inhuman, nondescript offices. They, in short, are at the job centre.
Upon entry, Helen, Tom, Jim and Susan and are forced to hand over their business plans, which look suspiciously like my year 7 geography product – all brown A4 folders and I <3 Margaret M doodles. Sadly, no-one has had my idea, to pad the manila envelope with a good half a roll of toilet paper, to psyche out the other competitors.
“If you don’t know your own life, you’re in trouble” says Helen who, judging by her years spent as a ‘good time girl’ in Ibiza probably has her entire autobiography sketched in to her knickers, for constant referral.
Claude Littner tells Tom that his career is floundering. I should probably put some kind of comma in that sentence, to avoid confusion. But, on reflection, I think I’ll leave it as it is. Claude tells Tom that his career is floundering.
Jim’s business plan is, surprisingly, “Packed with buzz words and blarney.” How the hell he managed to fit an entire chunk of 13th Century castle stonemasonry between those stapled sheets is something of a mystery. But what exactly is Jim proposing? AMsmart, which according to the talking greyhound is an initiative to get school kids across the UK on the internet. I think he means the Amsternet.
Tom, meanwhile, has invented a chair. Except, he doesn’t call it a chair. Anywhere on his business plan. God knows what he does call it – a mobile buttock recliner? An ergonomic gluteus maximiser? An arsestrad? Sadly, his documentation makes up for lack of chair with a plethora of financial errors. “You don’t know anything,” captain eyebags tells him. “An apology is no good.” That’s good management isn’t it? I’ll make sure not to apologise next time I get something wrong. Instead I’ll just jump up on to my desk, grab a stapler and pull my bosses periorbital sacks right up over their head and staple them to their sitting device.
Helen, on the other hand, has come up with the rather leftfield proposal of reintroducing slavery. That’s forward thinking, isn’t it? Apparently, Helen’s ‘personal PA’s’ will be able to sort out your work/life balance by cooking your meals, looking after your children, making your dentist appointments and, if you’re really lucky, having sex with your partner and going on holiday with your friends. It is the sort of work/life proposal that could only come from an ex-raver who views her social life like the rest of us view a wet turd stuck to the sole of a leper’s shoe.
Susan Ma’s business proposal is an ‘innovative skincare innovation.’ Hold on, I think I’ve heard of that. Does it include arsenic? “We have a cosmetic chemist to check that there’s no arsenic or anything in it.” Ah, no, not the one I was thinking of then. Susan then reveals that she pays all her staff exclusively in cash. What’s that? The HMRC are at the door holding a pot of cow dung apricot body scrub, some handcuffs and a wadge of marked notes? Better flee to France Susan. I heard they have no police there, or cars. Or familial affection.
To lighten the mood, Helen is forced to tell a joke. And by lighten the mood I obviously mean ‘scrape through the eye-blisteringly depths of social awkwardness’. Thankfully Helen has a real screamer up her sleeve about a fish. I would have just shown them a picture of Lord Sugarnuts in his cycling lycras, myself. Guaranteed LOLs every time.
Jim tells Margaret Mountford that he is scratching the surface of what he can do. Hopefully Susan Ma has a handy walnut oil and anthrax body lotion to sort that out. He also body swerves the world of clichés to tell the cloud-haired goddess that he does exactly what it says on the tin. I’ve never seen a tin of psychiatrically unbalanced talking greyhound meat before.
The tin must be pretty saucy though, as Claude ‘preparation H’ Vittner describes it as ‘one long seduction letter’ to Lord Sugargoyle. I do hope he had done some little erotic pencil sketches of him and S’rAlanstrad in the margins. Mind you, I think we’ve all been seduced by a really long, thick business plan in our time, haven’t we? Anyone?
To celebrate the final, Karren Brady appears to have come to the boardroom dressed as Little Lord Fauntleroy.
“I have always wanted to get in to the cosmetics industry,” Lord Sugaga tells Susan, his monster munch hair glistening in the neon light. I read somewhere that Lord Sugar actually uses hessian sacks full of gravel, meat pies and jellied eels as a bodyscrub, so it would be a natural meeting of minds.
“I would give up and emigrate if someone told me we had to test desks,” Lord Sugar tells Tom. Now that, my friends, is a verbal contract. Let us pray the Health and Safety executive are watching and have a couple of desk testers available this Monday.
“You won’t have to babysit me,” Helen tells Lord Sugar, from her cushion on the Playaways mat, drinking an um bongo and covered in fuzzy felt.
“I understand that I didn’t understand,” says Susan, smuggling rolls of £50 notes in to the other contestants’ socks.
“Helen has shone. She has flown through,” admires Lord Sugar, until the radioactive old bird comes back in to the boardroom pitching a back-up business plan for a bakery selling ‘breads and cakes’. Wow. I certainly didn’t see that coming, from the woman who works for Greggs. “Lord Sugar, I also had a third business plan. To set up a range of retailers, selling steak bakes and chicken pasties. And a fourth business plan, to set up a range of highstreet bakeries, selling cheese and onion lattices and tuna crunch baguettes. And a fifth business plan to set up a range of national food takeaways selling iced buns and jumbo sausage rolls.”
So, Jim and Susan have been sent down the Amschute2.G to be stripped of parts for his giant bionic Amstranator before being boiled up for Addison Lee fuel, leaving it down to a two man race. And by two man I obviously mean a hairy baby and a synchronised swimmer.
Will Lord Sugarmidillo be wooed by talked of double-baked cheese and intern PA rolls? Or will he ‘inject’ £250,000 in to a four-wheeled lumbar loading swivel device, invented by a Beano character wielding a curly nail file?
It seems, in the end, that Lord Sugar has given up on smelling what’s selling. He’s hitting what’s sitting instead.
Tom, you’re hired.
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Posted on July 18, 2011 by John Cronin
A landmark office building in Aberdeen has been purchased by an investment management company in an off-market transaction.
Investment manager Rockspring Property has announced the purchase Riverside House, located close to the Union Square shopping centre development in Aberdeen.
Riverside House is a Grade A office building offering 52,745 sq ft of floor space over 5-stories. The building is currently running at full occupancy and tenants include Talisman Energy, Scottish Ministers and AWG Business Centres Ltd (AWG Property). Serviced offices provider Regus manages suites on the 3rd floor of the building. The reported net yield is 8% which equates to an approximate rental price of £17.50 / sq ft.
AWG Property is an Edinburgh-based property company and is the development arm of Anglian Water Group. The company, which has an extensive land bank and a varied property portfolio, manages over 400,000 sq ft of office space across Scotland. AWG is set to redevelop 124 Vincent Street, a 50,000 sq ft city-centre Glasgow office scheme.
Riverside House was purchased on behalf of Cheshire Pension Fund in an off-market deal for £11.5m. Riverside House has previously sold off-market, with AWG Developments and Bank of Scotland selling the freehold to Standard Life in 2003 for £9.32m. The building was completed in 2002.
Commenting on the transaction, Michael Pryer, Associate Partner at Rockspring said: “Riverside House allows our client to gain exposure to a strong regional office market in the UK. Given the asset’s prime location and tenant covenant strength, we are confident it will deliver long-term capital and income growth.”
Rockspring was represented by FG Burnett.
Posted in Aberdeenshire |
Tagged Rental Prices, Serviced Offices, Transactions |
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Posted on July 15, 2011 by John Cronin
A refurbished office scheme in the heart of the City of London has been recognised at an annual heritage awards ceremony.
The renovated office building (pictured – source) at 1 Bartholomew Lane, located opposite the Bank of England, has been highly commended in the City Heritage Award 2011, sponsored by The City Heritage Society and The Worshipful Company of Painter-Stainers.
Following a £32m refurbishment programme the building offers approximately 79,000 sq ft of prime office accommodation over 13 floors. The exterior facade has been retained over the lower 6 floors of what was originally a 1930’s bank. The interior has been reconfigured and offers flexible, open plan floor plates. Largest floor plates are on floors 3-6 at around 8,100 sq ft. The building has achieved a BREEAM rating of ‘Very Good’.
The offices are marketed as suitable for occupancy by an international corporation, a professional services firm or a financial organisation that would be attracted to the prime, City location. Headline rental prices for the lowers floors are in the range of £55 / sq ft. Rental prices for the upper floors are available on application.
The building is owned by F&C Investments and is part of their City Collection that includes several City-based office schemes. Architects for 1 Bartholomew Lane were Sidell Gibson. Partner in Charge, Richard Morton, said: “We are delighted to receive this recognition from the City of London for our work on this fine building by Mewes and Davis, designers of the Ritz. After a great team effort our client now has a building which will perform effectively for many years to come.”
Marketing agents are CB Richard Ellis.
Posted in London |
Tagged Awards, Renovations, Rental Prices |
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Posted on July 14, 2011 by Nell Frizzell
“Sixteen candidates, twelve tough weeks, one life-changing opportunity”. That’s Apprentice maths, chums, and we’re down to the final five.
It’s 6.30am and Natasha has made breakfast in bed. Imagine Jeeves, but with the jawline of Arnold Schwarzenegger, the squint of Josh Hartnett and the vocabulary of Vicky Pollard.
The phone rings and the job seekers are ordered to the city at once. “Do we have to wear anything in particular?” Jim burrs to the dead tone. Never mind. “I’ll wear what I always wear and look a million dollars,” he recovers. Green, paper-thin and crumpled it is, then.
The challenge, presented before the plate glass windows of the Square Mile, is to set up a new fast food chain restaurant. “I’ve laid on some staff for you, so you can put on a proper fast food experience,” says Lord Alanstrad. That’s two fat men in tracksuits fighting outside a kebab shop, then.
“I’ve got a BA hons in hospitality” Natasha tells her teammates Jim and Susan. Hospitality? Natasha exudes all the hospitality of a sandpaper suppository.
“What is our USP?” Helen asks her teammate Tom. Chinless, underweight neurosis, broadcast across the nation?
Venture’s Natasha, Jim and Susan choose Mexican food for their restaurant while Logic plump for great British pies. Oh I see. They’re running a catering van at a festival. I hope they stocked up on E-coli.
“I’m thinking of a big happy looking Mexican man with a moustache,” muses Susan, strolling through the sex shops of Soho. Well, we all need a break from work sometimes.
Tom, meanwhile, is playing the name game. Micro pie, pie in the sky, Brit Pie? “I’ve just dyslexically read some things and possibly come up with some genius ideas,” claims Tom, echoing the famous last words of King Cnut.
“How about Caracas, as in the little shaking Mexican things?” says Jim, the Northern Irish cultural attaché for Latin America. Meanwhile, in the office, things are turning sour between the Venture ladies. “If I say black, Susan says white” barks Michael Jackson. Oh sorry, no, that’s Natasha.
Helen and Tom are naming their pies after Britain and its history. How about ‘Rape and Pillage’? Or ‘Syphilitic Naval Force’? Or maybe just ‘Peasants’? “Didn’t Columbus discover the potato?” interjects Tom. “Yes he did!” beams Helen. Can you hear that? That is the sound of geography, crying into history’s pot noodle.
MyPy is starting to look a little like an English Defence League rally. Just in time for it to be completely unsalvageable, Nick then points out that Christopher Columbus was about as British as pesto.
“I’m Nacho man!” Jim tells his kitchen hand within the Tango-smeared walls of Caracas. Can you imagine if The Village People had included a thyroidic Irish bullshit whippet? Gay culture would have never recovered.
And so, it’s business time. 100 customers come in to each restaurant ready for lunch.
“Have you ever eaten 100% British before?” chirrups Helen before offering a Nightingale pie. If we’re talking archetypal British shouldn’t they be serving up a Piccadilly pigeon in tabloid pastry?
Caracas’ fast food, meanwhile, is slower than an underwater armadillo, not to mention cold. The solution? “Put the food in the oven,” suggest Susan. She really is a business brain.
It’s the big day and Lord Sugarnuts has brought his friend Ronald McDonald and Dominic Dominoes for lunch with him, to mark each restaurant out of 10.
“We’re Caracas!” screams Susan. I’ll say you are, you wild-eyed banshee. As the queue builds up I’m half expecting the three of them to jump on a passing horse, chant the Three Amigos motto and ride off into the unemployment sunset. Instead, they face a grilling from the ‘experts’ during which Jim’s maths goes as wonky as a one-legged duck on a rollercoaster.
Over at MyPy Helen and Tom are serving up their great British dishes. Plastic trays, miniature portions and not enough staff? Forget MyPy, I would have called it Bryan Air. The pitch even runs like an on-board safety announcement, except with tourettes-style outbursts of the word menu.
So, lunch has been served, pitches have been stumbled through and Ronald and his Sugar-dusted food mates have done a dine and dash, leaving nothing but a ballot box of criticism and snide points.
“I relish every opportunity to have a dialogue with Lord Sugar!” effuses Susie in the taxi ride to the boardroom. “I think I would make a stunning business partner for Lord Sugar,” counters Tom. Well, he is a bit of a stunner. Not to mention a babe.
The boardroom bickering kicks off with a discussion of team Venture’s name. Did they really mean Venezuelan capital Caracas? Or was it moneymaker shakers the maracas? Cut to the chase. They should have just called it Baracka’s and sold Obamaburgers.
So, how did the teams stack up? Logic’s dummy dummy run (sometimes they just make it too easy) appears to have paid off as they scored an average of 7/10. Venture, on the other hand, barely scraped together a cheese-encrusted 4/10.
So Jim, Susie and Natasha are off to the Café de Despair. I wonder which of them will be able to use Tom’s ‘special mug’? They never show it in the footage, but the other wall of that café is just plastered with pictures of Tom, his arm around various members of staff, holding up a commiseratory doughnut.
Jim characterises himself as Mother Teresa, presiding over the warring female factions. In ten years’ time, people will be spotting visions of Greyhound Jim in Chelsea buns and raspberry ripples, you mark my words.
Back in the boardroom Jim lets rip: “I felt as if I had complete excitability and even manic enthusiasm from Susan, but downright despair from Natasha.” Now that is a threesome that will haunt my nightmares for years to come.
But what’s this? The women are turning on the Jimster? “You’ve got a bit of a dark underside, Jim,” says Natasha. I reckon he has a shaved underside. Possibly with a winking face tattooed on it. Or worse, Chinese lettering that spells out ‘Winner’.
Anyway, both women must be wearing anti-charm tin foil head protectors under those raven nylon wigs because they are taking the Jedi down, tag team-style. But will they manage to nobble Jim? Or will the greyhound live on to chase the mechanical rabbit of capitalism once more?
“Talk about box of tricks? I’ve got it all. I can break records.” Well Jim, we’ve all frisbeed a stray LP at the wall when our minions are disagreeing with us. Unless he’s talking about the world record to fewest blinks per minute.
So, who will Lord Sugartits banish to the dog house? Will it be the thistle-chewing bulldog, the mind-altering greyhound or the underbiting boxer?
Natasha, you’re fired. Hand your bollocks in at reception.
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Posted on July 13, 2011 by John Cronin
A first letting has been secured at a speculative scheme in former CIS offices in Manchester.
Agents Matthews and Goodman, acting on behalf of landlords AXA Real Estate, have secured the initial letting at the 55 Portland Street office redevelopment.
Languages school Alliance Francaise has signed a 10-year lease on 5,283 sq ft of space on the 3rd floor of the 11-storey block. The school will be relocating from offices at Churchgate House in Oxford Street. The rental price has not been disclosed.
The Portland Street building was previously owned by Cooperative Insurance Services (CIS), now part of the Cooperative Group. CIS also own the Grade II Listed office building in Miller Street known as the CIS Tower. When completed in 1962 it was the third-tallest office building in Europe. In 2005 the building was clad with photovoltaic tiles (image) with the electricity generated fed into the National Grid.
Having undergone a full interior refurbishment programme over the last 12-months, 55 Portland Street now offers 68,480 sq ft of Grade A rated floor space. Suites are available from 2,500 sq ft upwards. Floor plates are approximately 5,400 sq ft.
Commenting on the deal, Rob Peill, leasing agent at Matthews & Goodman said: “The quality of the refurbishment and competitively priced rental levels have generated strong early interest in the building from a diverse range of occupiers.”
The Co-operative Group is a major occupier of Manchester office space and also has ambitious plans for an £800m mixed-used development in the city. The company has proposed the NOMA 53 scheme which is to include a new 326,000 sq ft company headquarters office building, due to open in September 2012.
Joint agents for the 55 Portland Street scheme are Matthews Goodman and WHR Property.
Posted in Manchester |
Tagged Listed Buildings, NOMA 53, Renovations |
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