Urban Splash to sink almost £1m into Salford Quays building

The Boat Shed

Developer Urban Splash is to invest almost £1m into a building in the heart of the booming Salford Quays.

The developer has let out 18,000 sq ft of the Boat Shed and has now announced plans to invest £820,000 in refurbishing a further 14,000 sq ft of workspace at the building.

Urban Splash acquired the 40,000 sq ft. building in late 2016, in a deal that took just five working days to complete. Since then, it has reinvented this 90’s building including a striking new exterior.

In the past three months several new occupiers have moved in including Hat Trick PR, Novo Innovations and Capital Growth Group who have taken a collective 8,521 sq ft at the scheme.

Aoife O’Sullivan, of Urban Splash, said: “The Boat Shed has unsurprisingly become a very popular proposition for businesses looking for workspace in this exciting and thriving area.

“Its excellent location within Exchange Quay, with both Media City and Manchester City Centre in easy reach make it a brilliant place to do business.”

Urban Splash has also reinvented the internal workspaces and public realm areas immediately outside of Boat Shed; the company also recently secured a letting to award winning coffee house Lupo, providing occupiers with an on-site ‘caffe Italiano’ serving breakfast, lunch and ‘pasticerria’.

Urban Splash commercial director Emily Handslip added: “The needs of modern businesses are rapidly evolving and high quality, refurbished space plus a communal, café area is key.

“The Boat Shed provides this not only within the confines of the building – but also across the wider Exchange Quay estate.

“We also work really hard to ensure that we remove the barriers to entry for smaller businesses who want to locate themselves in a scheme like this; our flexible and short-form lease options really help both here and across our portfolio.”

Urban Splash manages a commercial asset portfolio across the North West, with workspace, retail and leisure units at developments including Beehive Mill in Manchester – the former home to Sankey’s nightclub acquired by Urban Splash last year, Ducie House and a range of schemes across central and south Liverpool.