Acting on behalf of their client ICON, real estate advisors Colliers International have secured two landmark lettings to medical technology companies at Citylabs, the £25m biomedical centre of excellence in Manchester.
MAC Clinical Research, the UK-based healthcare organisation dedicated to developing new and improved treatments for medical conditions through clinical trials, has taken 16,000 sq ft on a nine year lease on the first floor of Citylabs for a clinical research facility for neuroscience and translational medicine.
Colliers International also recently let 7,279 sq ft on the same floor at Citylabs to not-for-profit organisation Nuffield Health for a five-star diagnostic suite to deliver MRI, X-ray, CT, mammography, cardiac and ultrasound services. Health assessments, physiotherapy services and private GP appointments will also be available when the suite opens in November 2015.
Both lettings were for a term of nine years. The asking rent on the remaining 15,000 sq ft, which includes a fully fitted aseptic and laboratory suite is set at £20 psf.
Both lettings were secured by Colliers International of behalf of ICON, a global provider of outsourced development services to the pharmaceutical, biotechnology and medical device industries which recently vacated space at Citylabs.
Peter Gallagher, director, national offices at the Manchester office of Colliers International, achieved the lettings and said: “The Oxford Road Corridor represents a world-class knowledge cluster of excellence in one of the fastest growing sectors of the economy and this space is proving ideal for clinical/bio-medical/research and medical support service related uses.”
Developed by Manchester Science Partnerships, Manchester City Council, commercial property company Bruntwood and Central Manchester University Hospitals NHS Foundation Trust, Citylabs is a 100,000 sq ft, purpose-built biomedical centre of excellence offering multi-functional space designed for medtech companies to develop new products and services for the life sciences sector. It is located on the site of the former Royal Eye Hospital in the Oxford Road Corridor at the centre of Europe’s largest clinical, science and academic campus.
