Largest property deal in south Manchester in years is announced

The Lake House

One of the largest property deals in south Manchester for a number of years has just been completed.

The ME Group is moving into a building into The Lake House. The deal was announced just four weeks after building firm Balfour Beatty moved out of the offices on the Cheadle Royal Business Park.

The ME Group provides of litigation funding, insurance and legal representation for consumers with complex legal problems.

Acting on behalf of Seneca Property Investments, Williams Sillitoe and Canning O’Neill have let The Lake House, a 37,900 sq ft Grade A building.

ME Group will relocate from Alderley Park, where the firm occupied 18,000 sq ft to take The Lake House, on a ten-year lease with a break option at the fifth year.

The announcement comes after Balfour Beatty vacated the building just four weeks earlier.

Chris Bullough, director at Seneca Property Investments, said: “It’s fantastic to be able to welcome ME Group to The Lake House and I’m sure it will prove to be the perfect environment for them to continue their impressive growth.

“Whilst The Lake House has always been a desirable HQ location, this has certainly been enhanced by the opening of the new £290m Manchester Airport Relief Road which is a huge asset to the area.”

Charlie Williams, director at Williams Sillitoe, commented: “There is pent up demand in south Manchester for high quality accommodation, which has been evidenced in securing a letting for the building so quickly after the departure of the previous tenant.”

Rob Cooper, group chief for ME Group, said: “Our employment pool is in the South Manchester area and so we were keen to remain in this area, and we are pleased to find a great site which will support the future of our rapidly growing LegalTech business.

“We have taken the building it in its existing ‘fully fitted’ configuration and will be appointing a contractor to create an innovative space that will facilitate the significant growth plans we have.”

Rental terms have not been made public.

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