By Charlie Bathe
CoStar Research
2 November 2022 | 11:29
XLB and Pictet Alternative Advisors have completed four new leases which sees a digital consultancy, Vega, Outset Studio Group and Todd Architects move into Fourways, Manchester.
An unnamed digital consultancy has completed the lease on part of the second floor, securing 3,218 square feet of fully fitted workspace for £37.50 per square foot on a three-year term.
Vega, a co-production agency, is taking part of the fourth floor, leasing 1,918 square feet on a three-year term for £35 per square foot.
Outset Studio Group, which provides podcast studios for hire, has also leased part of the fourth floor, taking 770 square feet of space for £32 per square ft on a three-year term.
Todd Architects, a leading UK practice, will take 990 square feet of space on the fifthfloor for £33.50 per sq ft on a five-year term. It was represented by Sixteen Real Estate in this deal.
Fourways is a converted Grade II-listed building built in 1906 and holds a good in-use BREEAM rating. On Hilton Street in the Northern Quarter area of Manchester city centre, the property has five upper floors, totalling 59,000 square feet after a substantial refurbishment in 2018.
Stephen Wormald, associate partner at XLB, says: “The Northern Quarter continues to attract a wide range of occupiers who seek character space and surroundings with easy access to key transports links. These lettings prove the highly reversionary nature of this building which showcases best in class energy efficiency and character.”
Savills acted on behalf of XLB and Pictet. CBRE acted as joint agents on the building.