Posted 2 October, 2012 OBI NEWS
Tower 12 letting agent OBI Property has completed further deals at the rapidly filling-up office development in Allied London’s Spinningfields, central Manchester.
Business Growth Fund, established in October 2011 by a group of high street banks to invest in small firms, has relocated from serviced office accommodation to 2,000 sq ft in Tower 12.
In the second deal, start-up law firm Tandem Law, specialising in debt collection and clinical negligence, will occupy 5,200 sq ft on the 11th floor. Manchester-based interior designer Sheila Bird Group has been appointed by Tandem Law to complete the design and project management of the lawyers’ office.
The refurbished former Manchester House contains 40,000 sq ft of offices on ten floors above 35,000 sq ft of restaurant and retail units. The office space is almost fully let only six months after the first units were completed and launched to market.
Michael Ingall, chief executive of Allied London Properties, said: “Tower 12 is undoubtedly Manchester’s major success this year, with this recent letting being the seventh transaction converted over the past six months.”
OBI Property advised BGF on the acquisition of its new premises and also designed and project-managed the fit-out on BGF’s behalf.
Will Lewis, partner in OBI Property, said: “It has been great working with Andy Gregory and his team on this move at such an exciting time for BGF. The office looks stunning and I’m sure BGF will be an excellent asset, not just to Spinningfields, but to the many SME businesses in the region.”
Andy Gregory, BGF regional director, said: “We initially worked from serviced offices, however as the team grew and our involvement in the region increased, we required a permanent base in the city from which we can expand even further. We are delighted to be moving to a permanent home in Tower 12; the location will allow us to build on the success we have already had in the North of England.”
BGF made its first investment in Manchester in April 2012, agreeing a £3.25m equity deal with Mexican-style street food chain, Barburrito. Since then the BGF team has expanded to five staff and completed four deals including backing Northern pub chain Wear Inns and Springfield Healthcare, the largest independent provider of domiciliary care in Yorkshire and Humberside.