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BusinessFour transactions complete at City Tower

Four transactions complete at City Tower

Schroders Capital’s real estate asset management team has secured four new lettings at historic Manchester landmark, City Tower.

Specialist healthcare recruitment business Linq HC, Match Me Car Finance, and debt purchase firm Perch Group have joined relocated recruitment agency Talentia in deals totalling more than 6,400 sq ft.

Linq HC has taken a 2,759 sq ft suite on the 22nd floor, having outgrown a 1,200 sq ft space at One Express Building.

Meanwhile, Match Me Car Finance has taken 25 workstations across the 12th floor, securing its second space in Manchester City Centre just this year, in order to support its significant growth plans.

Additionally, Perch Group, one of the fastest growing and most ambitious debt purchase, collections, litigation, and reconnection firms in the UK, has secured a 1,330 sq ft space on the 26th floor, taking over from Talentia, which has relocated to a larger floorplate within the building.

OBI, Cushman & Wakefield and JLL advised on the transactions on behalf of the building’s owners, the Schroders Capital UK Real Estate Fund (SCREF), the Schroders Capital Real Estate Investment Trust (SREIT), and Zurich Immobilien Europa Direkt (IED).

Thriving community

Paul Mills, transactions & asset management at OBI, said: “City Tower has a diverse and thriving community and these new tenants are no exception. As we prepare to enter a new era at City Tower, we have great pleasure to welcome new businesses to the building alongside helping them to fulfil individual needs and growth plans.”

Rob Cosslett, fund manager for Schroders Capital, said: “This recent run of leasing activity at City Tower showcases the continued demand for high-quality workspace in prime locations across Manchester. These new arrivals are testament to our expert offices team who have drawn upon their experience of attracting strong occupiers to our portfolio of assets across the UK, helping us deliver robust returns for our investors.”

Jo Reid at Linq HC, said: “As Linq HC has experienced significant growth from two to 28 employees over the last three years, we wanted a building that could accommodate our future growth plans.”

Guy Walker, CEO at Talentia Group, said: “As existing tenants of City Tower, we decided that as part of the long-term investment strategy into Manchester and its surround areas, it would be best for us to upgrade our space to accommodate our growth plans.

“City Tower were incredibly flexible, proactive, and supportive in this move for us.”

Callum Walsh, managing director at Match Me Car Finance, said: “We are delighted to have opened our second office in Manchester. After exploring several office spaces, I was shown City Tower and knew straight away that this was the perfect place to continue on our journey of growth given its central location and the flexibility of taking more space when required.

“We have grown from approximately 40 employees to 75 within a year with plans to grow by a further 50 employees in 2024. Our teams are very happy with their new work home and we are excited for our future at City Tower.”

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