Channel 4 signs on for St Michael’s
16 October 2024OBI is delighted to confirm that all of the office space at the forthcoming £120m Manchester office block from Gary Neville’s Relentless Developments has now been pre-let.
Channel 4 has taken a 10-year lease for 12,293 sq ft at St Michael’s eighth floor, sharing half of the floor with Pinsent Mason. When the building completes later this year, Channel 4 will relocate from its current Manchester office at 82 King Street.
The lease marks a substantial increase in take-up for Channel 4, which will more than double its city footprint from the current 5,000 sq ft it occupies.
“This is a really special moment for Channel 4 as we continue our significant momentum to grow our presence across the UK,” said Alex Mahon, chief executive of the broadcaster.
“Channel 4 has always led the way in representation and now we are going even further,” Mahon continued. “Manchester has always been a really important base for Channel 4, and we’re excited to be working with Gary Neville and his team at Relentless to grow our presence in this great city.”
The building has proven popular, breaking city rent records twice over the past 12 months and achieving the city’s current headline rent.
A rent has not been disclosed for Channel 4, however, Relentless owner Neville did state that St Michael’s had broken the city’s rental record “no less than three times”. He described this as “a huge achievement”.
Neville also said: “We’re really pleased to sign Channel 4 to the last remaining office suite at No.1. The broadcaster has a strong reputation for bold and creative content and it justifiably joins the portfolio of highly-renowned brands here at St Michael’s.”
The Channel 4 deal saw Relentless and KKR represented by Will Lewis at OBI.
CBRE acted for the broadcaster.
No1 St Michaels is just one half of the broader £400m St Michael’s project. The second half, a residential skyscraper, is also under construction and has also been designed by Hodder + Partners. Relentless has partnered with Salboy for this phase of the scheme, with Domis Construction handling the build. The apartment and hotel complex is set to complete in 2027.
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