100 Embankment reaches full capacity

The final deal has seen National Highways opt to relocate to the £65m Salford office block, which is now fully let.

National Highways will move its Piccadilly-based staff into a 12,000 sq ft section of the third floor after agreeing a 10-year lease. Around 130 staff are expected to make the move to Salford in spring.

A joint venture between Ask Real Estate, Tristan Capital Partners, and Salford City Council developed the block.

Cllr Jack Youd, deputy mayor of Salford, said: “It’s great to see the deal now completed. The big story here now though is that the development is fully let.

“Every floor is taken with new tenants, most of them moving to Salford for the first time and it’s such positive news and definitely cause for celebration.”

Cushman & Wakefield was the agent for the deal that clinched 100% capacity in the building. Avison Young acted on National Highways’ behalf.

Steve Cooke, director of estates, facilities and services for National Highways, said: “Our relocation to Embankment East marks the latest step in our ongoing commitment to building a better, greener, and smaller estate.

“By reducing our Manchester office space by half and selecting a building with advanced sustainability credentials, we are also advancing our commitment to reduce our carbon emissions in line with our plan to reach Net Zero on corporate emissions by 2030.”

Jamie Hills, development director, Ask Real Estate, added: “The delivery and subsequent success of 100 Embankment [shows] public-private partnership at its best.

“Since completion, we have worked closely with colleagues at Salford City Council to bring the building to its final conclusion in announcing this full occupation for which we are very proud.”

National Highways will rub shoulders with others in the building including XPS, Deloitte, and Ridge.

Workspace provider X+Why was the first tenant to commit to 100 Embankment, signing a lease for 28,600 sq ft in April 2022.