Handelsbanken snaps up last remaining space at 15 Quay Street
Developer Capital&Centric has followed up its £5.5m acquisition of 15 Quay Street in Manchester recently by letting remaining space in the building to Handelsbanken on a 10-year lease.
Already home to Jelf Insurance and Uniregistry, a web domain provider, a single floor measuring nearly 4,000sq ft has now been let to the Swedish bank.
The move represents a relocation of the Manchester Spinningfields branch to the Capital&Centric premises.
Handelsbanken will be from Sunlight House, just opposite 15 Quay Street. Both parties represented themselves. The rent achieved is said to be in the region of £22.50 per sq ft and the building is now 100% occupied.
Adam Higgins, of Capital&Centric, said: “Handelsbanken are a relationship bank and we’ve been with them for a while, it seemed like a perfect fit and we were able to work quickly together to get the move lined up. It’s encouraging that the building is now fully let within two months of acquiring it.
“Whilst you may not associate Capital&Centric with this type of project, it’s a good example of our opportunistic approach to adding value across a variety of uses and scale.”
Phil Basten, branch manager of the Manchester Spinningfields Handeslbanken branch, said: “As part of Handelsbanken’s continued expansion in the UK we are delighted to secure a new home so close to our Spinningfields
“The new office supports our continued growth as a branch where over the coming weeks Neil Mcloughlin is joining us from Yorkshire Bank to support our large corporate customers and Daniel Porteous from Coutts to further strengthen our individual banking team.
“We look forward to moving into 15 Quay Street later in the year and inviting both existing and new customers to show them around.”