Barings signs DAC Beachcroft at Landmark, Manchester

Barings Real Estate, one of the world’s largest diversified real estate investment managers, has announced it has leased the 12th floor of its Landmark office development in Manchester to international law firm, DAC Beachcroft.

DAC Beachcroft is relocating from 3 Hardman Square in Spinningfields into Barings’ 180,000 sq ft Landmark office building on St Peter’s Square in Manchester. The full-service international law firm has signed a 10-year lease for the 13,228 sq ft 12th floor and is anticipated to take occupation this coming Autumn once fit-out works have completed.

DAC Beachcroft will join existing high-profile occupiers HSBC UK, JP Morgan Chase & Co, Allianz Insurance, Grant Thornton, JLL, Vanguard, Starling Bank, Santander UK, RSM, and Xero in Landmark. Following the latest letting, only the 4th and 6th floors are available for occupation.

Barings’ forward-thinking approach to integrate technological infrastructure, sustainability, well-being and customer experience into the design and operation of Landmark has led to it securing a raft of global occupiers in quick succession. Key features such as contactless technologies enabling touch-free movement within the building, a dedicated cycle storage and maintenance hub, high-quality showers and changing facilities, electric car charging spaces and Amazon lockers for package delivery and returns all add to the offering at the BREEAM Excellent and Wired Score Platinum development.

Ian Mayhew, Managing Director, UK Asset management at Barings, said: “The world-class office experience we set out to cultivate at Landmark has truly been realised and to be adding another international occupier to the tenant roster really cements this. In order to reflect the evolving needs of occupiers in a world where sustainability, technology and experience are paramount we paid keen attention to this within its design and delivery to make Landmark stand out in these crucial aspects.”

Philip Harman, Partner and Head of DAC Beachcroft’s Manchester office, said, “As a business we are committed to flexible working and, for our 3,000 colleagues across the UK and internationally, delivering on that commitment means creating office spaces where we can meet, collaborate with each other and our clients, and do our best work. We are confident that Landmark will provide us with a high-quality working environment, and we are also impressed with the building’s strong emphasis on sustainability and wellbeing.”

Dominic Pozzoni, Head of Manchester Office at Colliers, said: “Landmark continues to remain a highly sought after building, owing to its great location at St Peter’s Square, sustainability credentials, flexible floor plates and stunning views over the Manchester City skyline. We look forward to securing lettings on the final two floors in due course.”

Rhys Evans, Associate Director, Tenant Representation at JLL added: “After a full search of the market and exploration of a number of different options, Landmark ticked all the boxes for DAC Beachcroft for their new office. The building is well located and provides certainty on being able to deliver a new high calibre working environment, a key component of their search criteria.”

Leasing agents for Barings on Landmark are JLL, CBRE and Colliers. DAC Beachcroft was represented by JLL.