UK law firm, TLT, has signed a 10 year lease for 22,049 sq ft of offices on the 7th floor of the iconic Spinningfields office building, 3 Hardman Square. CBRE acted on behalf of Müller International the country asset manager for the landlord, Credit Suisse Asset Management, Immobilien Kapitalanlagegesellschaft mbH acting for and on behalf of CS-EUROREAL, Open – Ended Real Estate Fund established under German Investment Act. TLT was represented by JLL.
The deal confirms 3 Hardman Square’s standing as Manchester’s best performing building this year following earlier deals of 34,000 sq ft to Towergate Insurance and the expansions of existing tenants, WorldPay by a further 12,000 sq ft and i2 Offices by 10,000 sq ft. The 8-storey building offers 180,000 sq ft of Grade A offices located within the heart of Spinningfields and following the recent deals, just two half floors and the prestigious top floor are now available through CBRE.
TLT is an award-winning commercial law firm with some 900 employees working from offices in Belfast, Bristol, Edinburgh, Glasgow and London. The firm has been using the serviced office space in 3 Hardman Square as a landing bay since summer 2013 whilst establishing its Manchester base. The firm has expanded rapidly during that time with that growth expected to continue, building on the 70+ people that will now work from the new office on the 7th floor.
Phil Ashton, FRICS, Director at Müller, commented; “3 Hardman Square has performed exceptionally well this year and we are delighted to have been selected as the base for TLT’s new Manchester office. The deal demonstrates the success of the i2 serviced offices which provide a good introduction to the building for new occupiers who may be looking to expand.”
Mark Worthington, Director in CBRE’s Manchester Office Agency team, continues; “The flurry of activity at 3 Hardman Square is testament to the appeal of Spinningfields as a commercial district and the iconic nature of the building itself. Additionally, the deals support the consensus that Manchester’s office market is back in business. With only limited space available now, we are excited about shortly achieving full occupation of 3 Hardman Square.’
Steve Willson, Practice Director at TLT commented; “We’re growing in Manchester, growing in terms of people, clients and work and we need the office space to support that growth. Hardman Square is centre stage in Manchester’s commercial district, which is exactly where we want to be.”
