Investment firm doubles space at Manchester’s Landmark scheme

Barings has leased another floor at its Landmark office development on Manchester’s St Peter’s Square to investment firm Vanguard. Vanguard took 14,000 sq ft on the seventh floor of the building last year as its first UK office outside London. The firm has now doubled its space, taking the sixth floor (also 14,000 sq ft) on a 10-year lease. The deal was signed at £38.50 per sq ft, according to EG Radius records. The latest deal leaves only the fourth floor available in the 180,000 sq ft scheme. Other tenants include law firm DAC Beachcroft, HSBC UK, JP Morgan Chase, Allianz Insurance, Grant Thornton and JLL. Ian Mayhew, managing director for UK asset management at Barings, said: “For a global investment firm such as Vanguard to select Manchester as its first UK office outside London and then be doubling its space just over 12 months later is fantastic news on many levels. We are delighted that our provision at Landmark has created the right environment for growth, and it is exciting to see an occupier flourish within the building.”  Leasing agents for the building are JLL, CBRE and Colliers. Vanguard was advised by JLL. View other deals in Manchester >> Photo © Barings