Property round up: The Hive; Mason & Vaughan; Canning O’Neill & more
THE Hive in Manchester’s Northern Quarter is now 84% let following a raft of recent letting deals.
Join the Dots has taken an additional 2,805sq ft and now occupies a total of 9,333 sq ft on the second floor and Rapport Events have taken 2,511 sq ft on the fifth floor with a further 10,447sq ft of office space currently under offer to three differing companies.
The Hive was acquired by London investor Kames Capital from developer Argent and joint venture partner Manchester City Council for £17m back in April of this year.
Edwards & Co and JLL are the appointed joint letting agents.
Ed Keany, associate director of agent Edwards said: “The Hive is the Northern Quarter’s only grade A office building and the quick succession and calibre of the latest lettings is testament to the appetite for the high quality office space.
“Being in the heart of the Northern Quarter brings lots of benefits with great public transport access and all the independent cafes and restaurants on the doorstep. It has become a very popular and established office location.”
The Hive is home to some of Manchester’s most creative and innovative businesses while the ground floor Arcade welcomes visitors from across the city to Pie & Ale and the Bakerie Tasting Store. The 82,048 sq. ft. building Designed by 5plus Architects, who are one of the occupiers at the Hive, benefits from a natural ventilation system which ensures it is one of the greenest and most cost effective buildings in Manchester.
Tenants include the Arts Council England, 5plus architects, Gooey Creative, Join The Dots, MSO Workspace, Online Ventures Group, The Studio, Fatsoma, Rapport Events, Bakerie Wine Store and Pie & Ale.
Four differing offices still remain available totalling 13,199 sq ft at a rent of £18.50 per sq ft
OBI represented Join the Dots and Tenant Advisory Group represented Rapport Events.
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MASON & Vaughan Group has agreed a 10-year lease on the whole of the ground floor of Ocean House at the Towers complex of office buildings in Didsbury, Manchester.
The has occupied 11,717sq ft at a rent of £21.50 psf per annum. Towers comprises 11 office buildings, totalling 350,000 sq ft within 20 acres of landscaped parkland, which is occupied by numerous high-profile tenants such as John Lewis, British Airways, Oracle and Cisco.
Richard Dinsdale, associate director at agent Edwards & Co said: “The Towers has been South Manchester’s leading business location over recent years with over 50,000 sqft.of new lettings carried out in 2015 alone.”
Furthermore, a transaction of approximately 33,000 sq ft is on the cusp of completion and is due to be announced shortly.”
CBRE, Edwards & Co and Colliers are the appointed letting agents on Towers and GVA is the managing agent for the estate.
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MANCHESTER commercial property agent Canning O’Neill has announced three more deals at Magnetic House in Media Village, Salford Quays.
Irish clothing company, Portwest Clothing and Interserve Construction have taken 1,716sq ft and 1,798 sq ft respectively on the second floor on new five-year leases.
Financial services company, Wilson Tarquin, has signed up to 1,762 sq ft on the first floor.
The news comes a month after telephone and unified communications provider, Solar Communications relocated from Cody Court off South Langworthy Road, to take a suite of 4,067 sq ft on the first floor.
Owned by TH Real Estate, on behalf of a German client, Magnetic House comprises 21,000 sq ft of office accommodation over three floors and is one of five buildings that make up Media Village, offering over 120,000 sq ft of commercial space. The Village is home to organisations including Guardian Media Group, Bibby Factors and Helly-Hansen.
Mark Canning of Canning O’Neill, joint agents for the scheme with Cushman & Wakefield, said: “Media Village is now generating very good interest, in line with general increased demand for offices in Salford Quays.”
Media Village is managed by MJ Mapp.
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THE home of Endsleigh Insurance Brokers in Burnley for the last 25 years is on the market for £900,000.
Nolan Redshaw has been appointed to sell the premium office space totalling 31,417sq ft at five-storey Ashworth House.
Nolan Redshaw has been appointed as sole agents to bring a premium office space in Burnley to the market.
Jonathan Pickles, agency surveyor at Nolan Redshaw, said: “This a major opportunity for a developer or a large office occupier to acquire a landmark building in the heart of Burnley, benefiting from the surrounding amenities the town has to offer.
“The business who eventually take on the premises will enjoy excellent transport links to the national motorway network and Greater Manchester.”
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THE final phase of the innovate:speke development at Venture Point business park in Speke, Liverpool is complete.
Redsun Developments has finished off four industrial workspace units which are now occupied on the 4.5-acre brownfield site.
The first two units were sold to Killer Ink Ltd and Studiocare Professional Audio. The final units measuring 18,700sq ft and 22,000sq ft are now occupied by Merseyflex and ChargePoint Technology.
Merseyflex was formed in 1992 and is a supplier of industrial hose, fittings and sealants. The new facility will expand on its current Liverpool-based operation and allow greater efficiency for their on-site hose fitting and testing & calibration services.
ChargePoint Technology is a multi award-winning company set up in 2009 following a management buyout.
Its product innovation was originally carried out in conjunction with GlaxoSmithKline. ChargePoint are the market leaders in powder containment and sterile transfer valves supplying the pharmaceutical, biotech, chemical, and other process industries.
Redsun Developments director Nick Wightman said: “This is the latest development we’ve completed that is fully occupied on completion.
“There is a genuine demand out there for new, high quality, well designed, energy efficient workspace. We’ve got a great mix of occupiers at innovate:speke and these latest two deals reflect the calibre of company we’ve have attracted to the scheme.”
The project was supported by the European Regional Development Fund.
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WORK has been completed on new reception buildings and a car park for the pharmaceutical firm GSK’s factory in Ulverston in Cumbria.
The development, which also includes a new access road and an expanded memorial garden, has significantly enhanced the site, where GSK has had a factory since 1948.
It also paves the way for the construction of GSK’s new biopharmaceutical manufacturing facility, which is due to start in 2016 and which will be built partly on the site of the old car park.
GSK Ulverston site director Phil Wilson said: “This car park development significantly improves the GSK Ulverston site.
“It is part of the ongoing investment into the existing antibiotics factory in Ulverston and helps to make way for investment in our new Biopharmaceutical factory. It has enhanced safety for our staff and the public and the new dry stone walls and landscaping make the site look much more attractive.”
More than 1,000 tonnes of Burlington Blue slate from the quarry at Kirkby-in-Furness were used to construct over 750 metres of dry stone walls and for the exterior of the new buildings. The walls were the work of stonemasons T A Law from Kirkby Stephen.
Upwards of 7,000 trees and bushes have also been planted, to improve the appearance of the site and provide new habitats for wildlife.
The Cumbrian companies which worked on the project included Barrow-based Craig & Meyer Architects, who designed the reception buildings, Ulverston’s Chris Brammall and L&W Wilson.
The Considerate Constructors Scheme awarded the project an ‘Excellent’ grading, as well as a ‘Performance Beyond Compliance’ certificate.
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MORE than two thirds of housing scheme Furrows Park in Middleton, Greater Manchester has been sold 12 months after its launch.
The £12m development launched in December last year and Keepmoat has revealed 75 of the 108 new homes for sale aimed at first-time buyers have already been snapped up.
Keepmoat is working in partnership with Riverside Housing and Rochdale Council to deliver the scheme, which has seen not only a significant injection of private investment into the Langley estate, but also forms a key element in the regeneration masterplan for the neighbourhood.
In addition to the economic benefits of the development, Keepmoat will pay around £125,000 to the Council for the improvement of open space facilities.
Furrows Park offers eight different home styles in a variety of two, three and four bedroom designs. Property types include townhouses, semi-detached and detached, with prices starting at just £100,995.
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A SCHEME for 70 houses in the village of Moulton in Northwich, Cheshire has been given outline planning permission.
HOW Planning has now secured reserved matters approval on behalf of house builder, Miller Homes.
Working on behalf of a private landowner, HOW submitted proposals for a high quality residential scheme in 2014 and following detailed negotiations and discussions with Cheshire West and Chester Council a decision was made by delegated powers .
The scheme includes a combination of 2, 3 and 4 bed houses as well as a number of bungalows and affordable homes. The new homes will be provided alongside a network of greenspace which will allow for public open space, children’s play space and deliver ecological benefits.
Says Victoria Hunter, Senior Planner at HOW Planning: “Miller Homes is committed to delivering the high quality development that was envisaged by the landowner. The scheme will comprise a mixture of house types which will attract new residents to the area whilst taking into account the local landscape and environmental considerations.”
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THE Sharp Project creative media project in Newton Heath, Manchester has consolidated its digital production offer by signing up four new tenants
Digital Stage, Coolbox, Prompting Plus and CAPSLOCK have moved into converted shipping containers, one of three office space options available at the complex off Oldham Road.
