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Place North West | Work begins on BT's New Bailey HQ

Anyone would think that there’s some sort of competition between the two cities!
March 01, 2021 at 1:53 pmBy Simon Calvert
Great part of the city centre to work in. New Bailey will be lively as more people return to the office.
March 01, 2021 at 3:04 pmBy Jack
Manchester office development will no doubt knock the the trends and get people wanting to get back to the office, Personally can’t wait !
March 01, 2021 at 5:28 pmBy James Mates
The New Bailey area is looking great and really complements Spinningfields surely it’s only a matter of time, post lock down, before someone invests in the reopening of the Mark Addy. ....

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Place North West | Manchester investment market 'buoyed by Q4 deals'

Dan Whelan
Separate acquisitions by Warrington Council and Pictet Alternative contributed to £325m of deals recorded in the city’s office market last year, more than any other major UK city outside London, according to consultancy Avison Young.
In November, property investor Helical sold its Powerhouse Portfolio, comprising three Manchester office assets, to Pictet Alternative for £119m, while a month earlier, Warrington Council agreed to forward fund BT’s North West headquarters at English Cities Fund’s New Bailey to the tune of £112m, as revealed by
Place North West.
Those two deals were the largest in terms of value of office sales transactions outside London in 2020 and helped Manchester record £235m of deals in the final quarter of a turbulent year, Avison Young’s Big Nine Q4 2020 report found. ....

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