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Manchester starts

Contractor appointed

Manchester refurbishment

Citylab 2.0 to start

Refurbishment starts

Office space 3m sq ft short

In a new research report Savills, the real estate advisor, has said that Manchester needs an additional 3m sq ft of office space over the next ten-years. The report has the number of office workers based in Greater Manchester set to grow by around 36,000 by 2025. Further, by 2018 around 1m sq ft of new office space is due to be delivered in Manchester with a further 0.5m sq ft of refurbished space in existing buildings planned, leaving a deficit of about 3m sq ft between supply and demand. James Evans, director, office agency, commented that “most new commercial space is likely to be delivered around the existing cores of Spinningfields and Piccadilly, but with prime office rents in these locations predicted to rise from £33 per sq ft to £37 per sq ft by 2019, existing occupiers may begin to find these areas unaffordable. There is likely to be a shortage of mid-priced refurbished office space suitable for TMT and SME companies which will not be filled by the major developments in the pipeline." Mat Oakley, director and head of European commercial research, added “with more companies now looking at the city as a potential location to ‘north-shore’, demand for office space is heading in only one direction.”

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Building nears completion

CBRE Global Investors is nearing completion on its 4,987 sq m (53,775 sq ft) office refurbishment at 55 Spring gardens, Manchester, M2 2BY. Practical completion will be mid November 1015. Linder Myers, the law firm, will relocate to its new office space in the building by early 2016, although the estates department has already relocated to the building. The firm is to occupy the first, second and third floors of about 1,812 sq m (19,504 sq ft). The building is being marketed by OBI Property and CBRE.

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MediaCity plan

Peel Group Holdings is planning a £100m redevelopment at MediaCity UK, Manchester, M50. The 10-storey building fronting onto Broadway with space planned in the region of 9,290 sq m (100,000 sq ft). Four floors of the building will be a 112 bedroom Premier Inn hotel occupying in the region of 4,273 sq m (46,000 sq ft) with the remaining 5,016 sq m (54,000 sq ft) over 6 floors being speculative office space. The architect for the scheme is Chapman Taylor. If approved the build would commence end of 2014 with completion end 2015.

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2011 start for Axis Tower?

The £17m 7,000 sq m (75,000 sq ft) Axis Tower scheme in Manchester may get underway this year. Development Securities and the Property Alliance Group are reportedly planning to resume work on the 18-storey project on Albion Street which was suspended in 2009. The building has been designed by HKR Architects

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Manchester launch

The Hive office scheme on Lever Street in Manchester's Northern Quarter has been launched. Developer Argent and Manchester City Council's new 80,000 sq ft building is 40% pre-let with the Arts Council England and The Studio having already taken up 20,000 and 10,000 sq ft respectively.

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Manchester scheme in pipeline

Town Centre Securities is planning a possible 2011 start on its mixed-use Eider House redevelopment at Piccadilly Basin in Manchester. The 4-storey, 34,284 sqm (370,000 sq ft) scheme, with 8,038 sq m (86,522 sq ft) net, of offices plus retail and residential space has been planned by Ian Simpson Architects. Lambert Smith Hampton and Cushman and Wakefield are the letting agents

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Spinningfield sub let

Ford Campbell, the corporate finance business, is to relocate from City Wharf to a 929 sq m (10,000 sq ft) office on the second floor at 3 Hardman Square in Spinningfields. The firm has taken the vacant space on a sub let from Halliwell’s, the law firm and will relocate before Christmas.

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Revised plans expected for 54 storey tower

Albany Assets will submit revised plans for a 54 storey tower at Aytoun Street in Manchester. The scheme will include hotel, office and residential accommodation. Work could start towards end of this year, with completion in 2010.

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Imminent start for Argent scheme

Carillion has been awarded the main contract for Argent Group’s Three Piccadilly Place development in Manchester. The company will soon begin construction and work should be completed during the first quarter of 2008. The building is 16,722 sq m (180,000 sq ft). GVA and Savills are the letting agents.

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November start for Belvedere

Wilson Bowden will begin work on its office development at Belvedere House on Booth Street, Manchester, during November 2006. The new development called Belvedere House will be a 10,017 sq m (107,825) sq ft eight-storey building with retail on the ground floor and seven floors of offices, with 60 car parking spaces. The new development will complete during summer 2008. Dunlop Heywood Lorenz and WHR are the letting agents.

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Bauhaus to complete this summer

Ask's Bauhaus office scheme (the second phase of Rossetti Place) will be completed at the end of August 2006. The letting agents are Lambert Smith Hampton and Dunlop Heywood Lorenz are the letting agents and the quoted rent is £27.50 psf.

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eOffice takes floor at Opus 340

eOffice, the service office provider, has taken the 832 sq m (8,956 sq ft) first floor at Tyburn Lane and Chancerygate’s Opus 340 scheme at 340 Deansgate, Manchester. The 61,136 sq ft building has been developed by Property Alliance. GVA Grimley advises on property.

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Wharfside nears completion

Benmore Developments' Wharfside office development is due to complete in spring 2006. The four-storey 3,900 sq m (41,987 sq ft) headquarters office building has been designed by Robinson Patterson Partnership, the Belfast based firm. WHR is the letting agent.

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Beetham looks for pre-let

itr seems that The Beetham Organization will not start construction of its eleven storey 5,621 sq m (60,500 sq ft) office at 310 Deangate without a pre-let. This may come as a surprise to the local GVA Grimley office which has listed the office building as under construction in its latest UK City research (The Future for Offices). The hotel and residential elements of the Beetham Tower are under construction but the office building is not. CB Richard Ellis are looking for the pre-let for Beetham.

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Free Trade Exchange nears completion

The Free Trade Exhange building in Peter Street, Manchester, is due to complete by the end of 2005. The building is being developed by Property Alliance Group and will provide about 3,788 sq m (40,784 sq ft) of office space. The letting agents are Edwards & Co and WHR.

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