Another F&P giant set for Spinningfields? - MIDAS

Another F&P giant set for Spinningfields?

1 April, 2008 – Another F&P giant set for Spinningfields?

Manchester's Spinningfields could be welcoming a new financial and professional letting into the already F&P dominated city centre development.

Accountacy giant PriceWaterhouse Coopers is looking for 70,000sq ft of office space and speculation is rife that the firm will choose a plot in  Allied London’s 4m sq ft development.

Market sources say the firm is close to agreeing to take the office space at Allied London’s 390,000 sq ft block at 3 Hardman Street. The office would replace existing offices at Minshull Street and Barbirolli Square.

If confirmed, the latest letting would mean yet another city professional and financial services occupier had chosen to move to Spinningfields.

The ambitious Spinningfields scheme is also thought to be among the locations short listed by law firm DWF, which has a requirement for as much as 100,000 sq ft.

The Bank of New York Mellon, which is looking for a further 50,000 sq ft in Manchester to add to its offices at Piccadilly Gardens, is also understood to be looking closely at Spinningfields.

3 Hardman Street has already won a string of lettings in the professional and financial services sector. Late last year it was confirmed that law firm Pinsent Mason would take 35,000 sq ft whilst Regus, the serviced office provider, have signed up for 17,500 sq ft.

Barclays has also signed a lease committing it to 80,000 sq ft. However, in a controversial decision, Barclaycard bosses said last year that they no longer required the space and its current occupation is uncertain.

Source: Manchester Evening News


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