Vanguard extends its Landmark footprint by signing up for additional floorspace

Global investment firm, Vanguard, has signed up for an additional floor at Landmark, in Manchester’s St Peter’s Square.

Real estate investment manager, Barings, has leased the space, which leaves just one floor available for occupation in the 180,000 sq ft flagship office building.

In March 2023, Vanguard announced its plans to expand its UK footprint with the opening of an office in Manchester, having agreed a 10-year lease for the 14,013 sq ft, seventh floor at Landmark. The move represented the first UK office outside London for Vanguard, which has more than 1,000 staff working across its European offices.

Approximately one year after announcing its entry into Manchester, Vanguard has agreed a lease for the 14,041 sq ft sixth floor, taking its total space at Landmark to more than 28,000 sq ft.

Citing Manchester’s strong talent pool as a key driver for selection in the initial search, the city has become one of Vanguard’s fastest growing markets and provides an excellent base for accommodating extra capacity to serve its wider European business.

The news follows the recent announcement that Barings has leased the 13,228 sq ft 12th floor at Landmark to international law firm, DAC Beachcroft which is relocating from 3 Hardman Square in Spinningfields.

Only the fourth floor, comprising 14,058 sq ft, is available for occupation in Landmark.

Ian Mayhew, Managing Director, UK Asset management at Barings, said: “For a global investment firm such as Vanguard to select Manchester as its first UK office outside of London and then be doubling its space just over 12 months later is fantastic news on many levels.

“It is exciting to see an occupier flourish within the building. With keen interest in the remaining floor, we are looking forward to achieving full occupation of Landmark.”

Leasing agents for Barings on Landmark are JLL, CBRE and Colliers. Vanguard was advised by JLL.