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| | | | | Manchester office investment 'paying dividends' as international businesses head to city, agents say | | | | | | | Property leaders say the massive investment in Manchester City Centre is paying dividends in attracting national and international businesses to the city – and they hope there's more to come. The latest figures from the Manchester Office Agents Forum (MOAF) showed that in the third quarter, 432,619 sq ft of city centre office space was let across 51 transactions, giving a big boost to the annual total. Almost 1m sq ft has been let in the year so far – with 46% of take up coming in Q3. MOAF has predicted a "strong take-up" for the rest of the year and expected the annual total to top 1.3m – eclipsing the five and 10-year average figures of 1.1m and 1.2m respectively. Steve Brittle, partner at property consultancy Fisher German's Manchester office, said: "The increase of 100,000 sq ft in deals compared to the previous quarter was predominantly due to the major letting to the Bank of New York Mellon Corporation which is the largest regional 'big six' letting recorded over the last four years. "This highlights the attraction and pull of Manchester as a city to corporate occupiers wanting to consolidate and expand their presence in the city along with the high-quality space that is available. "The massive amount of investment in Manchester city centre in recent years in terms of re-development, refurbishment of office buildings and inward investment from the private and public sector is paying huge dividends in the calibre of businesses and organisations that now want to make the city their home or expand here." Read more | | | |  |
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| | | | | 'Oven ready' employment site could be built just off the M6 | | | | | | Detailed plans have been submitted for a major employment site at a former open cast mine, near Junction 25 of the M6 at Wigan.
The proposals suggest that existing public rights of way would be 'extinguished' and replaced with new routes, including a three-metre wide bridleway.
The reserved matters planning application for the 1.1m sq ft 'Symmetry Park' includes land clearance and road construction, along with a shared pedestrian footpath and cycleway.
Tritax Symmetry (Wigan) Ltd aims to make the site 'oven ready' for development so it can "quickly respond to occupier interest in a competitive regional market".
Further applications are expected relating to the site and there is more on Tritax's plans in the following story. Read more | | | | | |
| | | | | More commercial property stories | | | | | | | |
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