Recent takeup figures places development at the forefront of the city’s growth
Salford’s 167,000 square foot Grade A office building, 100 Embankment, has agreed a series of lettings bringing it to c.75% occupancy and confirming its position as the ‘best performing office’ in next year’s figures.
Professional services firm, Deloitte, will occupy 63,840 sq ft of space from early 2024 across three floors of the nine storey tower. Deloitte will also create a bespoke entrance on the ground floor as part of its wider fit out plans.
Infrastructure consulting firm AECOM has also signed up to take almost 20,000 sq ft of space across the fourth floor on a 15-year lease. A comprehensive fit-out project has already commenced.
Flexible workspace provider x+why, has also announced they will be taking the Ground Floor East, first floor and half of the second floor which totals 34,277 sq ft. The operator has sites across London and Birmingham with 100 Embankment being their first co-working space in the North of England.
x+why aims to create a community of mission-led entrepreneurs, movements and leaders. The organisation has recently celebrated B-Corp status due to its commitment to meet high standards of social and environmental performance which aligns with Salford’s accolade of being one of the most sustainable council’s in the region.
The innovative co-working operator will be activating and running the ground floor, reception area and roof terrace on behalf of landlords, Salford City Council. This will bring community collaboration and culture to the building and the wider Embankment estate.
The x+y fit out which includes the reception and communal roof terrace begins on the 1st February with completion in June 2023.
100 Embankment, located in Salford boasts a stunning rooftop terrace amongst other enviable features and is a joint partnership between Ask Real Estate, Tristan Capital Partners and Salford City Council.
Its strong sustainability credentials, contemporary design, matched with its prime location have helped secure this acclaim as Manchester’s best performing office.
Salford City Mayor, Paul Dennett: “These figures speak for themselves. It’s been a really successful period for Embankment in terms of attracting businesses to our city and securing new leasing agreements. The story behind these figures highlights that the decision for the City Council to invest in this development and on-going regeneration of our city was indeed the right one.
“The recent successes further prove that Embankment meets the unique needs of a range of tenants, offering businesses the solutions they need, and whilst the buildings are important the wrap around components, in terms of infrastructure, accessibility, support, transport links and available staffing resource reflect what we already know, that Salford is a great place to do business. As we welcome the likes of Deloitte, AECOM and x+why and others, what I’m most pleased about are the opportunities that these businesses create for our residents and the city itself.”
Andy Westbrook, practice senior partner for Deloitte in the North West: “We’re excited to set down roots at 100 Embankment in early 2024 as we continue to substantially grow our North West practice and further commit to Manchester and the wider region. Our new office space aligns with our commitments to sustainability, wellbeing and digital connectivity and we’re on an exciting journey to create an inspiring and flexible workplace that reflects the needs of our people and clients to connect and collaborate in a way that suits them.”
Jonathan Moore, regional lead at AECOM: “As a global business it is essential that we give our clients and people the very best workplace experience. At 100 Embankment we have chosen well. The location reinforces our commitment to the City Region and ensures we are at the heart of everything a central location can offer. We are excited to be moving in and continuing our work to deliver sustainable legacies through buildings and infrastructure projects across the UK. The building fulfills exacting standards in terms of environmental performance and amenity.”
Rupert Dean, co-founder of x+why: “We are delighted to be opening a space in Manchester. There is a real opportunity right now for businesses to embrace the changing role of the office and we’re looking forward to bringing something dynamic and exciting to Salford and Manchester.
“100 Embankment’s fantastic location and amenities, as well as commitment to ambitious sustainability targets, will make it an appealing destination for new x+why members. We expect high demand from the next generation of entrepreneurs, as well as established multinational enterprises and look forward to bringing like-minded people from the area together to collaborate under one roof.”
Jamie Hills, development manager, Ask Real Estate: “As Development Manager at 100 Embankment appointed by Salford City Council, we are delighted with these three lettings which highlight the quality of the building as one of the region’s leading office developments. The ability to attract global brands is testament to the quality and design of the building and long-term vision for the Greengate neighbourhood.”
100 Embankment is located in the Medieval Quarter of Manchester. The nine-storey building provides 167,000 sq ft of Grade A office space a short walk away from the city-centre with a stunning reception overlooking Manchester Cathedral and a two-tier roof terrace for use by tenants.
Salford City Council is the landlord, whilst Ask Real Estate is performing the development manager role with responsibility for the marketing and lettings strategy. The acting joint leasing agents are Cushman and Wakefield and CBRE.
