MAGNUS LOCKS NEW SPRING LETTING
31st Oct 2008
Cheshire based commercial property management, development and investment company, Magnus has secured its first office tenant for its Manchester City Centre mixed use, 19 Spring Gardens. Lockton - the world ‘s largest independent insurance broker - is relocating from its current officess at Hanover House having agreed to take the sixth floor of the office building, which totals 5,300 sq ft on a 15 year lease at rent from £25 per sq ft.
19 Spring Gardens is also home to award winning hairdressers, Trevor Sorbie, which has now opened its first Manchester salon on the ground floor of the building having taken 2,700 sq ft on a 15 year lease.
Magnus is currently carrying out a £2.5 million refurbishment of the 38,000 sq ft building, which is set to provide Grade A office accommodation and 5,000 sq ft of retail at street level in the heart of Manchester's traditional office core.
Vicki Cook, New Business Director of Magnus, says: "We have been very pleased with the immediate interest that we have received in the building to date. We have worked very closely with Locktons' over the last year to tailor a deal and premises to meet their immediate demands and their expansion plans over the next 5 years. We are also pleased to welcome Trevor Sorbie to the building."
Matt Davies, Managing Partner of Lockton, comments: "Lockton has built its global reputation for delivering outstanding client service, so we are recruiting the best talent in the insurance broking sector to improve our clients' strategic insurance and risk management programmes. The move to Nineteen Spring Gardens sets down a marker of our ambition to expand the range of services we are able to provide clients in the North."
