Towergate Insurance ‘eyes Spinningfields move’

BROKER Towergate Insurance is said to be considering a lease on 30-40,000 sq ft at a block in Spinningfields.

Sources suggest the business has narrowed down its search to 3 Hardman Square, which is home to payment processing company WorldPay and serviced office provider i2 Office.

Towergate has its head office in Maidstone, Kent, and its Risk Solutions division opened an office in Heaton Mersey, Stockport in 2010.

Nobody at the company could be reached for comment and its agent, Buckinghamshire-based Trilogie CRE did not return calls. 3 Hardman Square is owned by Credit Suisse Asset Management whose agent is CBRE. Alex Russell, director at CBRE’s office agency, could not be reached.

The building, once home to failed law firm Halliwells, has floorplates of 22,000 sq ft and total capacity of 180,000 sq ft. Previous deals have been for around £30/sq ft.

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