Bruntwood buys key site on Albert Square
BRUNTWOOD has exchanged contracts on the purchase of Commercial Union House, a 66,249sq ft building on Albert Square, in Manchester city centre from Aviva.
The building sits on the corner of Lincoln and Albert Square, in a prime location, directly facing Manchester Town Hall.
It comprises of a basement level, five upper floors, three self-contained ground floor retail units and 31 private car parking spaces.
Bruntwood property director Peter Crowther said: “We’ve been in the market to acquire and develop new office space in the city centre for some time now, to both meet the demand from new customers and also satisfy the needs of our expanding customers, whom are keen to stay with us as they grow.
“This building is perfectly situated for both work and play and will attract a whole host of forward-thinking businesses to, what is already, a vibrant area of the city.
“The flexible floors of circa 10,500sq ft, will lend themselves perfectly to both single and multiple occupiers and we have exciting plans to completely redevelop the building, so that its innovative design-led workspace will be ready for occupation by the close of 2016.
“Our ethos for developing the building will be entirely focused on our customers needs. Helping them, through the design of the building and the technologies embedded within, to grow and prosper at what will become one of Manchesters iconic addresses.”
Bruntwood was advised by Mike Hawkins of Colliers with Addleshaw Goddard handling the legal work. The vendor was advised by Will Kennon of CBRE with Wragge Lawrence Graham handling legals.