Posted 16 May, 2013 OBI NEWS
Palatine Private Equity has signed a 10 year lease on 2,500 sq ft of office accommodation at The Zenith building in Spring Gardens, Manchester.
The private equity house will move from Bruntwood’s Lowry House to the Henderson Global Investors-owned Zenith in June.
Real estate firm OBI Property advised Palatine on the search and acquisition of the new office, along with the interior design and is also project managing the fit out works. CBRE advised the landlord of The Zenith.
Gary Tipper, managing partner at Palatine Private Equity, said: “We wanted to remain in the heart of Manchester and The Zenith offers an ideal base to continue working with businesses in the region.
“The new building is very impressive and we are looking forward to growing the portfolio over the next decade here.”
Will Lewis, director at OBI Property, said: “Palatine has always enjoyed being based in the traditional prime core and when the landlord confirmed they would sub-divide floors, it was a relatively easy to decision to select The Zenith.
“The new office will be a great base for Palatine to continue their success.”
From offices in Manchester, London and Bristol, Palatine seeks to invest in established UK companies with enterprise values of up to £50m