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EGi Deals and UK Cities Newsletter - Manchester

Deals Update

Congratulations to DTZ, who achieved the first place in the EGi Manchester office disposal league table for 2008. This table was published in the Estates Gazette on 28th 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. Within this newsletter you can find 2006 to 2008 office disposal league table charts for Manchester. These examine leases and occupational sales by Sq ft.

Congratulations also to winners of the EGi Manchester deals competition; Edwards & Co scooped the Most Active Local Agent whilst King Sturge was crowned the Most Active UK Agent. This competition counted the number of all commercial property deals in the past year and was based on EGi Research.

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

Submitting deals to EGi and Estates Gazette is FREE and simple – click here for an Excel form.

Alternatively call 020 7911 1715 to find out more.

 

 


Deals Winners Manchester: King Sturge and Edwards & Co.

Manchester Office Agency League Table Chart by Sq Ft 2006 – 2008*
 

* 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 08 to December 08
 
Address Size (sq m) Size (sq ft) Lessor's Agent Lessee

Media:City, The Quays

9,290 100,000 Cushman & Wakefield The University of Salford

Spinningfields, 3 Hardman Street

4,853 52,237 DTZ/ Jones Lang LaSalle The Bank of New York

Spinningfields, 3 Hardman Street

4,645 50,000 DTZ/ Jones Lang LaSalle General Medical Council

St James’s Court, 24-30 Brown Street

3,437 37,000 King Sturge/ Lambert Smith Hampton Your Space

Spinningfields, 3 Hardman Street

3,252 35,000 DTZ/ Jones Lang LaSalle BDO Stoy Hayward LLP
 
Key Planning Applications/Permissions - January 08 to December 08
 
Address Size Proposal Status Submitted/Granted

Potato Wharf, 2 Commercial Street

Residential: 213 Units

New Build Permission

Submitted 27/03/2007

Granted 10/01/2008

Piccadilly Basin, Great Ancoates Street

Residential: 319 Units, Hotel: 100 Rooms, Retail: 18,557(gross) sq ft New Build Outline Application Submitted 04/04/2008

Piccadilly Gate, Store Street

Office: 140,000 sq ft

Extension & Refurbishment Permission

Submitted 16/04/2008

Granted 01/08/2008

22-26 Cross Street

Office: 23,400 sq ft, Retail: 2,600 sq ft Refurbishment Permission

Submitted 29/09/2008

Granted 15/01/2009

Renaissance Hotel, Blackfriars Street, 40-50 Deansgate Office: 280,000 sq ft, Retail: 60,000 sq ft, Hotel: 250 Rooms, Residential: 250 Units New Build Application

Submitted 05/11/2008

The Hive, 68-74 Lever Street

Office: 70,000 sq ft, Retail: 10,603 (gross) sq ft New Build Permission

Submitted 07/11/2008

Granted 06/02/2009

 
Construction Pipeline - January 08 to December 08
 
Under Construction
Scheme Size Proposal Completion Agents

Mediacity:UK, The Quays

Office: 500,035 sq ft, Residential: 371 Units, Hotel: 206 Rooms

New Build 2011 Cushman & Wakefield

Greenquarter

Residential: 1460 Units, Office: 100,000 sq ft, Retail: 16,000 sq ft, Hotel: 252 Rooms New Build 2010 N/A

Origin

Office: 62,000 sq ft, Hotel: 210 Rooms, Residential: 180 Units New Build 2010

Colliers CRE/ Lambert Smith Hampton/ WHR Property Consultants

4 Piccadilly Place Office: 110,000 sq ft, Retail: 10,970 sq ft New Build 2009 GVA Grimley/ Savills
1 New York Street Office: 105,376 sq ft, Retail: 4,500 sq ft New Build 2009 DTZ/ WHR Property Consultants
Spinningfields, Vantage Point, 45 Hardman Street Office: 50,000 sq ft New Build 2009 CB Richard Ellis/ King Sturge
Completions
Scheme Size Proposal Completion Agents

Spinningfields, 3 Hardman Street

Office: 348,377 sq ft, Retail: 35,900 sq ft New Build 2008 CB Richard Ellis/ DTZ/ Jones Lang LaSalle
Building One, First Street Office: 180,000 sq ft Extension & Refurbishment Jan 2009 CB Richard Ellis/ Savills
3 Piccadilly Place Office: 190,000 sq ft, Retail: 8,300 sq ft New Build 2008 GVA Grimley/ Savills
Belvedere House, 12-20 Booth Street Office: 102,996 sq ft, Retail: 2,300 sq ft New Build 2008 Jones Lang LaSalle/ WHR Property Consultants
Chancery Place, 52-58 Brown Street Office: 102,273 sq ft, Retail: 3,900sq ft New Build 2008 Jones Lang LaSalle/ Savills

Metro, Exchange Quay

Office: 72,560 sq ft New Build 2008 Canning O’Neill/ DTZ
 

Key Investment Sales by price in Manchester January 08 to December 08

 
Address Type Price Vendor's Agent Purchaser Purchaser's Agent
The Printworks, Withy Grove Leisure

£100m Morgan Williams Resolution Property CWM/ Davis Coffer Lyons
Spinningfields, 3 Hardman Square Office

£95.25m King Sturge CS Euroreal Jones Lang LaSalle/ Tudor Toone
Spinningfields, 2 Hardman Street Office

£56m King Sturge HansaInvest GmbH CB Richard Ellis
Spinningfields, 4 Hardman Square Office

£21m King Sturge BP Pension Trust Christopher Dee
12-22 St Anns Square Retail

£20m Christopher Dee Harada GVA Grimley

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

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