Property in brief: Colliers; Network Space; Roundhouse Properties; Sevendale House
COLLIERS International has secured two landmark lettings to medical technology companies at Citylabs, the £25m biomedical centre of excellence in Manchester.
Acting on behalf of client ICON, Colliers has secured MAC Clinical Research, the UK-based healthcare organisation dedicated to developing new and improved treatments for medical conditions through clinical trials, for 16,000 sq ft on a nine year lease on the first floor of Citylabs for a clinical research facility for neuroscience and translational medicine.
The real estate advsior has also recently let 7,279 sq ft on the same floor at Citylabs to not-for-profit organisation Nuffield Health for a five-star diagnostic suite to deliver MRI, X-ray, CT, mammography, cardiac and ultrasound services. Health assessments, physiotherapy services and private GP appointments will also be available when the suite opens in November 2015.
The lettings were for a term of nine years. The asking rent on the remaining 15,000 sq ft, which includes a fully fitted aseptic and laboratory suite is set at £20 per sq ft.
Both deals were secured by Colliers International of behalf of ICON, a global provider of outsourced development services to the pharmaceutical, biotechnology and medical device industries which recently vacated space at Citylabs.
Peter Gallagher, director, national offices at the Manchester office of Colliers International, achieved the lettings and said: “The Oxford Road Corridor represents a world-class knowledge cluster of excellence in one of the fastest growing sectors of the economy and this space is proving ideal for clinical/bio-medical/research and medical support service related uses.”
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LANCASHIRE-based Roundhouse Properties has secured Coolfix as a new tenant at its Bamber Bridge development in Preston.
Specialists in air conditioning systems, sanitation and heating, Coolfix is moving from its Leyland location to take an open warehouse space of 1,508 sq ft on a three-year lease.
Coolfix director, Lewis Pickup said: “We’re moving to the site, not only to benefit from bigger premises, but to benefit from better transport links, as it’s perfectly located adjacent to the M6, M61 and M65 motorway network,
with the aim of attracting more business to our company. The relocation has future-proofed our business and we’re pleased to be part of Bamber Bridges’s growing network.”
Jeremy Lefton, director of Roundhouse Properties, said: “We are delighted to welcome Coolfix as new tenants and look forward to working with them in the coming years.”
Nick Kos from Bailey Deakin & Hamiltons were sole agents for the Bamber Bridge development.
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COMMERCIAL real estate investment,development and management group Network Space has acquired, refurbished and let a 38,000 sq ft industrial building on Guinness Road in Trafford Park.
Network Space acquired Unit C/D Guinness Circle from Global Logistics for £2.52m and immediately agreed a ten-year lease with Cosentino, the Spanish multi-national producer and distributor of architectural surfaces at £5.75 per sq ft.
After a minor refurbishment to clean and repair fixtures in thebuilding, Cosentino is now occupying the site, now home to its Northern UK distribution centre.
The acquisition complements Network Space’s purchase of the adjacent Unit B in May 2012, a 27,000 sq ft industrial building on the same scheme occupied by CCF, the insulation and interior building products division of Travis Perkins.
Martin Mellor, investment director of Network Space, said: “We are delighted that we have been able to assemble a flagship investment that is truly institutional – the tenants, location and buildings themselves are of the highest quality. We continue to seek similar sustainable investments and in a strengthening market such as this we acknowledge the need to work that bit harder to achieve best value.”
Network Space was represented by CBRE, Manchester.
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DIGITAL agency Code Computerlove is to take the fourth floor, covering 13,100 sq ft, at the Northern Quarter’s Sevendale House.
Currently based in Jutland House, Code Computerlove, whose client portfolio includes Oxfam, Brother, HMV, NUS, Chester Zoo, Amnesty International and First TransPennine Express, will be moving its 84 staff in to Sevendale House.
This letting, along with deals recently confirmed to Working Time Solutions and PPS, which has taken five year leases on the remaining two units on the third floor, sees 59,000 sq ft of Sevendale House’s available office space let, with only 5,800 sq ft on the first floor and 3,200 sq ft on the fifth floor.
Completed in September last year, the renovation of the 120,000 sq ft Grade II listed building created 65,000 sq ft of office space and an additional 15,000 sq ft of retail space.
Code Computerlove will be joining Ticketmaster, Liquid Personnel, Big Cloud Recruitment, Equitix, Couchbase and most recently, Foundation Coffee on the ground floor.
Daniel Harris & Co acted on behalf of the landlord, Philip J Davies Holdings and OBI Property acted on behalf of Code Computerlove.
