Posted 26 June, 2014 OBI NEWS
OBI Property is delighted to announce that GL Hearn are to move into new offices at Vantage Point in Spinningfields. The building was acquired by Lothbury Investment Management at the end of last year and has already secured two new tenants.
Abigail Rowton, Assistant Fund Manager of Lothbury said. “We are delighted to follow up our letting to Enterprise Insurance earlier this year and I am sure GL Hearn will enjoy working in this thriving area of the Manchester. Since acquiring the building we have received a healthy level of occupational interest and have been successful in achieving enhanced rental levels up to £28.00 psf on each of our transactions.”
Will Lewis of OBI Property advised Lothbury and confirmed “This is another positive letting for Vantage Point. We now have only one floor of 5,500 sq ft remaining. This is one of the most impressive office spaces currently available in the city”.
As part of the deal OBI’s Building Consultancy team were appointed to obtain planning permission and remove a parapet wall that previously ran around the part 4th floor.
Stephen Downey, head of the Manchester office, said: “The move is a vital part of the company’s growth strategy in the North West and the timing reflects our confidence in improved market conditions across all sectors.
“Spinningfields undoubtedly gives our business the step-change we are seeking to achieve our objective of providing a great working environment for our people and to meet our planned growth targets going forward.”