International real estate advisor Savills, on behalf of XLB & Pictet Alternative Advisors, has agreed four new leases which include Vega, the co-production agency, Outset Studio Group, Todd Architects and a digital agency at Fourways, at Manchester’s Northern Quarter.
Vega has committed to 1,918 sq ft on the part 4th floor at £35.00 psf for a 3 year term.
Todd Architects, an architectural firm working with clients across private and public sectors, will occupy part of the 5th floor comprising 990 sq ft at £33.50 psf for a term of 5 years. Todd Architects were represented by Sixteen Real Estate.
Outset Studio Group, a professional podcast recording group, has secured 770 sq ft of office space on the 4th floor for a 3 year term at £32.00 psf.
A digital consultancy, has agreed a new lease on part of the 2nd floor taking 3,218 sq ft of workspace at £37.50 psf to be delivered fully fitted, based on a three year term.
Located on Hilton Street in the sought after Northern Quarter area of Manchester city centre, Fourways is a converted grade II listed brick building constructed in 1906 with very good in-use BREEAM rating. The property now provides characterful office accommodation over ground and five upper floors totalling 59,000 sq ft following completion of a substantial refurbishment of the atrium and communal space.
Stephen Wormald, associate partner at XLB, comments: “The Northern Quarter continues to attract a wide range of occupiers who seek character space and surroundings with easy access to key transports links. These lettings prove the highly reversionary nature of this building which showcases best in class energy efficiency and character.”
Daniel Barnes, director in the office agency team at Savills, comments: “The new leases at Fourways show the high demand and desirability of this office building in a wide range of sectors set in the heart of the Northern Quarter. Fourways provides attractive, character workspace in an excellent desirable location and this is reflected in the good levels of interest for space that becomes available in this area.”
CBRE are joint agents on the building.
