PRESS RELEASES /
44m footbridge linking Salford to Manchester installed
Brown Shipley Moves to Award-Winning 3 Hardman Street
Allied London sells 3 Hardman Street to Pan-European Fund Manager Ærium
Marks & Spencer moves to Spinningfields
ACCOLADES BUILDING UP FOR SPINNINGFIELDS
Allied London continues to impress
General Medical Council takes a further 10,000 sq ft at 3 Hardman Street
3 Hardman Street wins Best Commercial Workplace at BCO Northern Awards
The General Medical Council moves to Spinningfields, Manchester
BDO STOY HAYWARD NAMED AS LATEST TENANT AT 3 HARDMAN STREET
12 January 2009
The General Medical Council moves to Spinningfields, Manchester
Allied London has today announced lettings at 3 Hardman Street, Spinningfields, to Barclay Bank Plc (Barclays) and the General Medical Council (GMC) totalling 87,000 sq ft.
In a complex series of deals, Allied London agreed a surrender of the floor space pre-leased to Barclaycard, and has re-leased this space together with further space within the building to Barclays and the GMC. Barclays is taking 37,000 sq ft and the GMC is taking 50,000 sq ft. Both tenants have taken 15 year leases at headline rentals of £28 per sq ft.
Barclays chose to work closely with Allied London once it became clear Barclaycard would not occupy its space when the company decided to move the operation to Mumbai, shortly after signing the pre-lease at 3 Hardman Street in 2006. This deal is the result of close co-operation between the two parties.
The GMC opened its Manchester office in 2002 and has rented the current site in the St James’s Buildings, Oxford Street since 2004. The offices have served their purpose helping the medical regulator become an established presence in the city. The move to Spinningfields will allow the organisation to benefit from occupying an environmentally efficient new building.
Michael Ingall, chief executive of Allied London, said:
“The story at Spinningfields continues to get better. Barclays are committing to the city in the face of moves by other areas of the banking industry to offshore parts of their businesses to locations around the world, so we are delighted to play our role at encouraging inward investment.
“Both Barclays and the GMC have taken an opportunity to operate from the best building in the city. This is great news and shows continual growing confidence in Spinningfields and the merits of 3 Hardman Street, its outstanding location and specification over existing and other available new buildings.
“We are delighted to continue to attract high caliber tenants who will grow within the estate. The new space we have leased is on terms commensurate, if not better, than terms of other lettings in the buildings.
“We have also been able to add further value to the building and to Spinningfields by converting previously office reception area into valuable restaurant and retail area through these new arrangements.
“Regus, Pinsent Mason, the Bank of New York and Baker Tilly are all currently fitting out, with BDO Stoy Hayward, The GMC and Barclays now about to start shortly. We expect to be fully leased later this year.”
This week, specialist insurer Ecclesiastical has also announced they are moving to Spinningfields. They will take 5,000 sq ft of the first floor at 3 Hardman Square. As a result of the move the business has recruited around 25 additional staff, including new regional director Paul Lee.
