Investment firm takes seventh floor of Landmark

Landmark building

Investment firm, Vanguard, has opened its first office outside London in Manchester’s Landmark office scheme.

Barings Real Estate, one of the world’s largest diversified real estate investment managers, has leased the seventh floor of Landmark to Vanguard, one of the world’s leading investment companies, which has more than 900 staff across European offices.

The firm has signed a 10-year lease for the 14,013 sq ft seventh floor at the 180,000 sq ft Landmark office building on St Peter’s Square in Manchester.

Vanguard said it has been attracted to Manchester by the opportunity to access the exceptional pool of talent in the city, and to add additional operational capacity for its European business in an exciting new location, in one of its fastest growing markets.

With this latest letting, circa 70,000 sq ft has been leased at Landmark in recent weeks to Starling Bank, Santander UK, RSM and Xero with only three floors now remaining available.

Vanguard will join additional global occupiers HSBC UK, Allianz Insurance, Grant Thornton, JLL and social enterprise Change Please in the building.

Barings said it credits the success of its BREEAM Excellent and Wired Score Platinum development to the keen attention paid to technological infrastructure, sustainability, wellbeing and customer experience.

Ian Mayhew, managing director, UK asset management at Barings, said: “To be the home of Vanguard’s first regional office is a huge coup and continues a very strong run of lettings at Landmark.

“We’ve worked really hard putting all the building blocks in place to provide an exceptional workspace and building experience. We are pleased this is being recognised by occupiers and we are continually evolving our offer to ensure that we are leading from the front.”

Sean Hagerty, head of Europe, Vanguard, said: “The office will allow access to a new talent pool, and help us serve investors across the UK and Europe.”

Leasing agents for Barings were CBRE and Colliers. Vanguard was advised by JLL.

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