Construction firm commits to fourth floor of city centre offices

Lothbury Investment Management, represented by Savills & Colliers International, has let the fourth floor at 4 Hardman Street in Manchester to McLaren Construction.

The established construction business has agreed a three-year lease for 1,838 sq ft (171 sq m), having previously been located at the building on a sub-lease.

4 Hardman Street is located in Spinningfields, which is home to more than 165 financial and commercial services organisations, as well as luxury fashion brands, restaurants and bars.

The transaction to McLaren comes following welcoming Banyan Bar & Kitchen on the ground floor and Prosperity Law within the offices during 2018.

Daniel Barnes, associate director in the office agency team at Savills, said: “4 Hardman Street has received substantial refurbishment since Lothbury’s ownership.

“The commitment from McLaren, and recent new occupiers to the building, reflects the quality of space and the close proximity to the fantastic amenities that the area has to offer.”

Mike Toft, senior fund manager and director of Lothbury Investment Management, added: “This is an excellent letting in a prime location.

“The rent achieved reflects the continued growth in Manchester’s office market. 4 Hardman Street benefits from smaller office plates than most other office buildings in Spinningfields, so provides an excellent entry point for strong tenants who are seeking Grade A office space.”