Boom time for city's commercial property sector

11/04/2008

Manchester's commercial property sector is awash with speculation that a number of big businesses are looking to move to the city or expand their already formidable presence.

Spinningfields, in particular, is continuing to prove highly attractive to financial and professional services firms like PricewaterhouseCoopers, which is looking for an extra 70,000 sq ft of office space.

Law firm DWF, which occupies 40,000 sq ft in Deansgate, needs an extra 60,000 sq ft as does accountancy firm BDO Stoy Hayward.

Other reports suggest that the Bank of New York is looking to expand its presence in Manchester and is considering leasing office space in Spinningfields.

Wealth management firm Credit Suisse is also planning to open a regional headquarters in an unspecified Manchester propertysometime in May.

Meanwhile Marks & Spencer, which already has numerous stories in Manchester, is looking for 80,000 sq ft of commercial space in Greater Manchester.

According to investment services agency Midas, Manchester's commercial property sector is booming because of quality office space and key developments like Salford's mediacity:uk and Spinningfields.

"I would say that the financial and professional sector remains strong, as does the potential for public sector relocation and government outsourcing projects," said Midas chief executive Colin Sinclair.

ADNFCR-8000014-ID-18548612-ADNFCR

THINKING OF INVESTING IN PROPERTY IN MANCHESTER?

Residential Property In Manchester

Click here to register for ALL residential property for sale in Manchester.
or click here to register for ALL residential property to let or rent in Manchester.

Manchester Commercial Properties

Click here to register for ALL commercial property for sale in Manchester.
or click here to register for ALL commercial property to let, rent or lease in Manchester.