Barings Real Estate, part of Barings LLC, one of the world’s largest diversified real estate investment managers has announced that Landmark Manchester (Landmark), a 180,000 sq ft office development under construction in Manchester’s central business district at St Peter’s Square, has reached a major development milestone with its topping out ceremony.
Landmark is being undertaken by Barings on behalf of an institutional investor.
The ceremony was held on 6th December to celebrate reaching a pivotal stage in the construction of the Grade A, BREEAM Excellent office building which is due to be completed in Summer 2019.
Offering 14 floors of virtually column-free office space built around an offset core for maximum flexibility, Landmark will provide occupiers with cutting edge office accommodation alongside world-class professional and technological capabilities.
The topping out ceremony was attended by members of the wider project team, including award-winning London based architects Squire & Partners, acclaimed lead contractor Bowmer & Kirkland, development manager Castlebrooke Investments, Gardiner and Theobald as project manager and leasing agents CBRE and Colliers International.
Ian Mayhew, Managing Director at Barings Real Estate, said;
“We started on site almost two years ago with demolition works and the incredibly complex basement formation phase. To have reached this important milestone where Landmark is visible on the Manchester skyline is incredibly exciting. Along with our fantastic team, we are now rapidly moving closer to delivering exceptional office space which will make an important contribution to the long-term regeneration of the transformational city of Manchester.”
Mayhew continues;
“The status of the Manchester office market has grown significantly with demand for Grade A office space in the city being extremely high. We are seeing strong interest in Landmark from potential occupiers thanks to the development’s high-class design and build quality, efficient floor plates, strong digital connectivity endorsed by its Wired Certified Platinum rating from Wired Score, and a location right in the heart of Manchester’s business district.”
Barings Alternative Investments (BAI), part of Barings LLC, is a 470+ associate team located across 11 countries that manages $48.5 billion in client capital. BAI seeks differentiated sources of returns by incorporating decades of investment experience in alternative assets offering investors access to a diverse range of opportunities across private equity, real assets, asset-based investments and the four quadrants of real estate. We serve as a trusted partner to clients, leveraging our global presence and robust origination capabilities to identify the most attractive risk-adjusted return opportunities.
The Barings Real Estate team offers a broad range of investment opportunities globally across the public and private debt and equity markets. The team invests across all major property sectors with a focus on global relative value and trend-backed preferred strategies.
