Office Development Offers Largest Available Floorplate In Prime Core of Manchester City Centre
27th March 2019, 4:03 pm
Barings, one of the world’s largest diversified real estate investment managers, has unveiled the views from its Landmark Manchester, 180,000 sq ft office development which is currently under construction in St Peter’s Square.
Set for completion in Q3 of 2019, the building will offer occupiers the largest available floorplates in the prime core of Manchester City Centre, of circa 14,000 sq ft.
Landmark Manchester will provide 14 floors of next generation office space above two basement levels. The building is being constructed with an offset core, enabling occupiers to benefit from large virtually column free floorplates to provide maximum efficiency and flexibility.
Ian Mayhew, Managing Director at Barings, said: “Following the completion of over 100,000 sq ft of Grade A office lettings so far in Manchester City Centre this year, competition for available space is fierce. The average transaction in 2019 has been for around 20,000 sq ft which Landmark can easily accommodate.
“Our careful assessments of the Manchester office market gave us the confidence to commit to delivering Landmark this year, as we knew that we would be hitting a supply-constrained market and would therefore have a real opportunity to help meet the demand for high quality space within the City. We’re in an advantageous position where we are able to offer occupiers a best in class office building with stunning views over the Manchester skyline, at a time when the Manchester office market needs it most.”
Barings Alternative Investments (BAI), part of Barings LLC, is a 470+ associate team located across 11 countries that manages $48.5 billion in client capital. BAI seeks differentiated sources of returns by incorporating decades of investment experience in alternative assets offering investors access to a diverse range of opportunities across private equity, real assets, asset-based investments and the four quadrants of real estate. We serve as a trusted partner to clients, leveraging our global presence and robust origination capabilities to identify the most attractive risk-adjusted return opportunities.
The Barings Real Estate team offers a broad range of investment opportunities globally across the public and private debt and equity markets. The team invests across all major property sectors with a focus on global relative value and trend-backed preferred strategies.