CBRE appointed to manage 101 Embankment scheme

The Asset Services team at CBRE in Manchester has been appointed by joint venture partners Ask Real Estate, Carillion plc and Tristan Capital Partners to manage the 165,000 sq ft 101 Embankment office building and surrounding public realm in Manchester City Centre.

101 Embankment is a 165,000 sq ft Grade A office building with retail and leisure opportunities and will be ready for occupation this autumn. Construction is scheduled to start on an additional 160,000 sq ft, Building 100, at the development  next year.

The Embankment development is located at the former Exchange railway station site, directly opposite Manchester Cathedral and Chetham’s School of Music within the City’s prime retail and leisure district, close to Harvey Nichols and Selfridges and adjacent to the new multi-million pound Greengate Square public realm.

The new appointment expands CBRE’s portfolio of public realm in the North West which includes First Street in Manchester and St Paul’s Square in  Liverpool. The team has a strong track record of working with developers who recognise the importance of placemaking, and appreciate that external space is as crucial as internal space.

The instruction follows on from the appointment of CBRE’s Office Agency team on 101 Embankment.

Katherine Noden, Senior Surveyor at CBRE Manchester, said:

“We are delighted to have been awarded this high-profile Manchester City Centre instruction. In addition to managing the new 165,000 sq ft 101 Embankment office building, we will be putting into practice our experience of maximising public realm around Cathedral Approach to ensure that the development as a whole is efficiently and enthusiastically managed for the benefit of occupiers.”

On behalf of the joint venture, Jamie Hills, Senior Development Executive at Ask Real Estate said:

“We are pleased to appoint CBRE’s Asset Services team on Embankment as we move closer to delivery of the first phase of this significant  scheme. The focus on maximizing the public realm will enable us to contribute to the overall regeneration of the wider Greengate neighbourhood.”