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MoneySuperMarket signs up to major new tech base in Manchester

Categories: Banking and Financial Services

Related sectors

Creative, Digital & Technology and Financial, Professional and Business Services

Price comparison giant MoneySuperMarket has signed up for space at Manchester's No.1 Spinningfields, where it will base its top tech talent.

The company will take 22,600 sq ft space across two floors at No. 1 Spinningfields, joining other current tenants such as PWC, Browne Jacobson and The Blowout.

The group, which has an annual turnover of £355.6m and is an established member of the FTSE 250, said the Manchester base will accommodate the company’s expanding product engineering team.

Tim Jones, chief information officer at Moneysupermarket Group, said:

“We’re delighted to have signed on the dotted line with Schroders for No. 1 Spinningfields. We’re looking to attract the top engineering talent in Manchester to help us design purpose-driven digital experiences for our customers.

"With our focus on creativity, collaboration and inclusion, we want to create the best space in the city for innovation - connecting engineering to our customers and also to the local community, through our initiatives to support education and develop an increasingly diverse digital workforce.”

This comes soon after MoneySuperMarket undertook a full rebrand of their logo and slogan, now encouraging customers to 'get money calm'.

The signing brings the building to 98 per cent let and is a new headline rent for the building and for Manchester, as the city continues to attract large scale investment from a diverse range of occupiers and investors alike.

Jourdan Rajwan, investment manager at Schroder Real Estate, which owns No.1 Spinningfields, added:

“This latest signing cements the positioning of No.1 Spinningfields as the top office space in Manchester that appeals to high quality, knowledge-based technology and professional services occupiers.

“We are looking forward to welcoming MoneySuperMarket Group to No.1 Spinningfields. Our investment in the building and across Manchester is representative of our strategy of investing into “Winning Cities” with assets with strong fundamentals. We see Manchester as a major opportunity for growth and are committed to bringing world-class tenants to the city.”

MoneySuperMarket, headquartered in Chester, originally opened a product and engineering hub at Spring Gardens in Manchester in 2016. Last June it had around 70/80 staff based there with an ambition to grow that number to 150 by the end of 2018.

The roles based there cover engineering, data science, product management and UX, working across all aspects of the business including money, insurance and home services.

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