Lettings latest: Mercedes in Stockport deal, Turley expands
MERCEDES-BENZ has taken a 12,300 sq ft building in Stockport, said to be the largest office letting in the town this year.
The company is to relocate its customer support arm from Crossley Park to Artemis House on Greek Street where it has signed a five-year lease.
The building, owned by Poynton-based developer Pentith, was occupied by the Department of Work and Pensions but property agent WHR negotiated an early surrender of its lease.
Matt Wrigley, group marketing director of Mercedes-Benz Retail Group UK, said: “The Customer Support Unit (CSU) at Stockport is integral to our overall Mercedes-Benz Retail operation and the smooth transition has ensured that it continues to provide operational support whilst relocating to the new premises. The new premises are on a completely different level from the existing location and the feedback from all the staff has been very positive.”
Tony Howcroft of WHR said: “This is a hugely significant deal for both our client, Pentith and for the Stockport area. By negotiating a simultaneous deal for an early surrender of the lease of existing tenant and a new lease to Mercedes-Benz, we have managed to ensure that the building will continue to be fully let. To have a zero void, particularly in this market, is a real achievement and indicative of the growing confidence in the occupier market.”
Impey & Co was the joint letting agent. Robert Stephens & Co acted on behalf of Mercedes-Benz.
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PLANNING consultancy Turley Associates has taken a further 2,602 sq ft at 1 New York Street where it already occupies 6,202 sq ft on a 10-year lease.
Paul Deehan, director of finance and resources at Turley, said: “Our long-term commitment to expanding our operations in Manchester demonstrates our confidence in our business in the North West and nationally. It provides a strong base for our expanded and growing range of services, not only planning but also urban design, economic planning, heritage, local engagement and graphic design.”
