Four new occupiers for Anchorage following extensive investment and refurbishment

Anchorage, the landmark office development situated at the heart of Salford Quays, has welcomed four new tenants via the Impellam Group PLC, following a £1 million investment to ‘fit out’ some of the vacant office space in Anchorage 1 in response to changing working habits.

Citivale, asset manager of Anchorage, oversaw the most recent investment programme, which comprised the splitting of some of the larger office floors to create smaller suites and the fit out of those suites to offer flexibility to a range of businesses and ‘move-in’ ready accommodation.

Working with parent company Impellam Group PLC, Anchorage 1 will now be the home to Medacs Healthcare PLC, Blue Arrow Limited, Science Recruitment Group Limited and Carbon60. Sharing the occupancy of the first floor, the companies will collectively occupy approximately 7,000 sq ft.

Citivale acquired Anchorage last year with their partners Investcorp and following these most recent lettings the Anchorage site, which includes both Anchorage 1 and the larger, Anchorage 2 is now around 85% let.

Paul Brustad, head of asset management at Citivale said: “When we bought Anchorage, we recognised that there was a demand for more high-quality spaces that accommodated businesses looking to take a smaller footprint within a property of this high quality, whether it be for a start-up or a company looking to change its office space due to the increase in hybrid working.

“By dividing some of the floor plates at Anchorage 1 and creating smaller suites, we are now able to cater to a broader range of occupiers, as demonstrated by this latest spate of lettings with the Impellam Group.”

The design of Anchorage 1 follows that of the upgraded floors and extensively refurbished atrium at Anchorage 2, which boasts flexible breakout areas, café and convenience store amenities, all of which are available for use by occupiers of both buildings. The work at Anchorage 2 was completed in 2019 and the building was subsequently fully let within a year of its official relaunch, with Anchorage 1 now not far behind.

Tim Hook, Head of Real Estate at Impellam Group said: “Anchorage offered us exactly what we needed – fantastic quality fitted space in a fantastic location. Although the smaller suites are what these businesses were looking for, to then have the option of break out space and wider amenities at Anchorage 2, it gives the teams so much more flexibility.

Floorplates at Anchorage 1 range from 1,100 – 5,600sq ft, with only c.22,000 sq ft remaining.

Canning O’Neill and Knight Frank are the joint letting agents on the Anchorage scheme. Bloc Building Consultancy acted as project manager for Citivale on the recent investment programme.