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28th March 2011 Email: info@estatesgazette.com Sales: 0845 3088811


EGi Deals & UK Cities Newsletter - Manchester

Deals Update

Congratulations to WHR Property Consultants , who achieved the first place in the EGi Manchester office disposal league table for 2011. This table was published in the Estates Gazette on 26th March and was based on the amount of office sq ft let and sold in Manchester, Old Trafford and Salford Quays in the past year. 2008 to 2010 office disposals are compared in a chart below.

Congratulations also to winners of the Greater Manchester deals competition; King Sturge scooped the Most Active National Agent whilst Roger Hannah & Co was crowned the Most Active Regional Agent. This competition, based on EGi Research, counted the number of all commercial property deals in the past year. Rankings by sector in the Manchester market can be seen below.

For in-depth Manchester City Centre building information please search on EGi UK Cities Service.


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Contact Information
For further information about this newsletter or EGi Deals & UK Cities Database please contact Rachel Wright on 0161 246 1053 .


Deals Winners King Sturge and Roger Hannah & Co with EG's Damian Wild
 
 
Top Agents by number of deals between January 10 to December 10
 
OFFICE
  1. Canning O'Neill
  2. King Sturge
  3. WHR Property Consultants
  4. Edwards & Co Chartered Surveyors
  5. CB Richard Ellis

RETAIL/LEISURE
  1. Savills/ Tushingham Moore
  2. Roger Hannah & Co
  3. CB Richard Ellis
  4. Cushman & Wakefield
  5. GCW
INDUSTRIAL
  1. King Sturge
  2. Roger Hannah & Co
  3. Knight Frank
  4. Colliers International
  5. Lambert Smith Hampton
 
Manchester Office Agency League Table Chart by Sq Ft 2008 – 2010*
 

* Office occupational sales and lettings only. Manchester City Centre, Salford Quays and Old Trafford covered. The table refers to agents acting for the lessor or the vendor. Joint agency deals are related to both agents.

 
Key Office take-up in Manchester - January 2010 to December 2010
 
Address Size (sq ft) Lessor's/ Vendor's Agent Lessee/ Purchaser Lessee's/Purchaser's Agent

Northern Gateway Site, Miller Street, Manchester

 328,000 Jones Lang LaSalle/ WHR Property Consultants Co-Operative Group N/A

Central Park, Madison Place, Manchester

 125,000 Cushman & Wakefield/ Lambert Smith Hampton Greater Manchester Police Authority N/A

Scott Place, 2 Hardman Street, Manchester

 82,999 GVA DWF LLP Canning O'Neill

Former Sorting Office, Wellington Road South, Stockport

 59,891 DTZ Greater Manchester Property Venture Fund GVA

Media City, Orange

 46,500 Cushman & Wakefield / WHR Property Consultants ITV N/A
 
Key Planning Applications/Permissions - January 10 to December 10
 
Address Size Proposal Status Submitted/Granted

London Road Fire Station, Manchester

Hotel: 227 Rooms

 Change of Use Permission

Submitted 01/06/10 Granted 16/09/10

Sevendale House, 7 Dale Street, Manchester

 Office: 120,000 sq ft Refurbishment Permission Submitted 22/12/10 Granted 16/02/11

42-46 Market Street, Manchester

Office: 36,598 sq ft

 Change of Use Application

Submitted 04/10/10

The Greenhouse, Broadway

Office: 25,532 sq ft, Retail: 7,212 sq ft

 Change of Use Permission

Submitted 27/08/10 Granted 17/11/10

19-31 Piccadilly, Manchester

Hotel: 157 Rooms, Retail: 26,318 sq ft

 Refurbishment/ Extension Permission

Submitted 28/10/09 Granted 14/01/10

 
Development Pipeline - January 2010- to date
 
Proposed Developments
Scheme Size Proposal Completion Agents

Mediacity:UK, Phase 1,The Quays

Office: 700,000 sq ft, Studio Block: 250,000 sq ft, Retail/Leisure: 80,000 sq ft, Residential: 378 Units, Hotel: 218 Rooms

 New Build Summer 2011 Cushman & Wakefield/WHR Property Consultants

Northern Gateway Site, Miller Street

Offices: 325,000 sq ft

 New Build 2012 Jones Lang LaSalle/WHR Property Consultants
Soapworks Office: 400,000 sq ft Refurbishment 2011 Canning O’Neill
56 Spring Gardens Office: 46,000 sq ft Refurbishment 2011 DTZ
Former Boddingtons Site Hotel: 200 Rooms New Build 2011 N/A
The Bridge, 18-20 Bridge Street

Office: 61,000 sq ft

 Refurbishment 2011 DTZ/ Jones Lang LaSalle
Completions
Scheme Size Proposal Completion Agents

Norfolk House, 7 Norfolk Street

Office: 53,045 sq ft

 Refurbishment 2010 King Sturge/ Savills
Brownsfield Mill Office: 46,469 sq ft, Retail: 15,823 sq ft Refurbishment 2010 Cushman & Wakefield/ Lambert Smith Hampton
86 Deansgate Office: 48,223 sq ft, Retail: 7,998 sq ft Refurbishment 2010 CB Richard Ellis/ WHR Property Consultants
2 Commercial Street

Office: 16,615 sq ft

 New Build 2010 Colliers Intenational/ DTZ
Kabel House

Office: 20,292 sq ft

 Refurbishment 2010 King Sturge/ OBI Property Consultants
 

Key Investment Sales by price in Manchester - January 2010 to December 2010

 
Address Type Price Vendor's Agent Purchaser Purchaser's Agent
3 Hardman Street

Office

 £183.5m Jones Lang LaSalle Aerium Finance King Sturge
Manchester Evening News Arena

Leisure

 £62.2m Christopher Dee Development Securities plc Whitaker Horton
40 Spring Gardens Office £45m WHR Property Consultants Climate Change Capital Limited CB Richard Ellis
Direct Line House, 17 Quay Street Office £23m Jones Lang LaSalle Aviva Investors Global Services Limited Capita Symonds
90-100 Market Street

Retail

 £18.91m Jones Lang LaSalle British Steel Pension Fund Cushman & Wakefield

 
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