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Place North West | Regional office markets continue to toil on Covid

Dan Whelan Office take-up across the nine biggest cities outside London reached 783,420 sq ft in Q1 of 2021, down 41% on the 10-year quarterly average, as the pandemic continues to impact the sector.  Manchester was the best performing of the regional cities in terms of city centre lettings, recording 234,000 sq ft of transactions in the first three months of 2021, but this was down from 309,000 sq ft for the same three-month period in 2020, according to Avison Young’s Big Nine report. M...
City Of United Kingdom Glasgow City Dan Whelan Lowell Group Arkwright House

Place North West | MOAF: Manchester office take-up slips in Q1

Sarah Townsend The city recorded just over 234,000 sq ft of lease transactions in the first three months of 2021, a decline year-on-year and from the previous quarter amid still-challenging market conditions. Total office take-up in Q1 reached 234,258 sq ft, down from the 349,513 sq ft in the fourth quarter of 2020, and 306,000 sq ft in the year-earlier period, according to the latest figures from the Manchester Office Agents Forum. Still, the market is maintaining “gradual momentum” as re...
United Kingdom Sarah Townsend Mark Bamber Knight Frank Matthews Goodman Rhys Evans

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Place North West | Orega scoops up 30,000 sq ft at Arkwright House

Sarah Townsend The letting at the recently refurbished Manchester office block represents the serviced office provider’s third location in the city. Orega also has space at 76 King Street and 3 Piccadilly in Manchester city centre. Under the latest deal, the company will open a 30,000 sq ft workspace across the fourth and fifth floors of Arkwright House on Parsonage Gardens this June. The serviced office will provide more than 500 workstations – a mix of private suites, ‘touch-down’ spa...
United Kingdom Sarah Townsend Lynsey Okeefe Paddy Kennedy English Sewing Cotton Company Colliers International

Place North West | GALLERY | Claremont refreshes Arkwright House reception

15 Dec 2020, 10:01 Work has been completed on the £1m overhaul of the reception area at the 95,000 sq ft Manchester office building. Claremont completed the works at the Parsonage Gardens landmark to designs by Sheppard Robson, also the architect when then-asset manager Catalyst Capital commissioned a £16m overhaul in 2017. The building is now under the management of PGIM. Arkwright House was at one time the headquarters of the English Sewing Cotton Company. The building offers floorplates of...
United Kingdom Conor Walmsley Avison Young Sheppard Robson English Sewing Cotton Company Colliers International

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