Altered Space sells Sale office
The owner of Stanley Square Shopping Centre has sold the 14,000 sq ft Springfield House to Edge Worldwide Logistics.
The two-storey Sale building was previously occupied by Nationwide Building Society.
Altered Space won consent last year to refurbish Springfield House as part of its ongoing strategy to revamp Stanley Square.
Having completed the acquisition, Edge Worldwide Logistics plans to undertake a full internal and external refurbishment before relocating from its current head office at Clippers Quay in Salford.
Canning O’Neill and JLL acted for Altered Space on the deal.
Mark Canning, director at Canning O’Neill, said: “The disposal of the long leasehold interest in Springfield House is part of Altered Space’s wider strategy for the remodelling and enhancement of what was previously called The Square Shopping Centre.
“The first phase of refurbishment is already well underway and new occupiers signed to the scheme include Foodhall, Blanchflower, Greens and Sugo Pasta Kitchen as well as numerous exciting independents.”
Other phases of the redevelopment project include a nursery, pre-let to Kids Planet on a 30-year deal, as well as the conversion of former retail space into offices, a scheme dubbed the Classrooms.
A residential development is also planned. The SimpsonHaugh-designed project features 202 apartments and construction work is due to start in the final quarter of this year.
Altered Space is working with development manager UK Land & Property on the residential element of the scheme and is currently in funding discussions.
Canning O’Neill and Sixteen are appointed to market the Classrooms. Sixteen and Lyons Thompson Letts are appointed to market retail space within Stanley Square Shopping Centre.