Tenants commit to long-term deals at flagship development

Two tenants have agreed new deals at one of Salford Quays most prominent buildings.

Exchange Quay, the 435,000 sq ft office development in Salford Quays, has agreed deals with existing occupiers Chase De Vere and Philips & Cohen Associates for a combined total of 15 years.

Financial services advisors Chase De Vere re-geared their tenancy for another 10 years as part of their ongoing expansion plans and Philips & Cohen Associates, specialised engagement services company and deceased account management market pioneers, has confirmed for another five years.

One of the largest office developments in the North West, Exchange Quay is home to 3,000 people working from the six buildings.

Acting on behalf of the development’s owner, Ekistics is further improving the office building following an initial £10m investment implemented by Hunter.

A new café and 26,000 sq ft of newly refurbished offices have also been unveiled this year at the development.

Rune Randrup-Thomsen, director at Ekistics Property Advisors, said: “We are delighted to secure long term leases for two of our valued tenants.

“Our continued investment in Exchange Quay to enhance the quality of our office space, as well as create attractive on-site facilities and amenities, is pivotal in retaining both our existing tenants and attracting new occupiers to our evolving development.”

Nick Cherry, chief operating officer at Phillips & Cohen Associates, said: “EQ provides an outstanding base for our business and the combination of excellent facilities and strong transport links continues to help us attract talent from the region to fuel our growth.

“We are delighted to have renewed our lease through to 2024 and also taken on an additional 4,200 sq ft as we continue to expand both domestically and internationally.”