Bruntwood secures first pre-let at The Exchange

Bruntwood has exchanged contracts on the first pre-let at The Exchange on Manchester's New York Street, with 10,400 sq ft taken by Turning Point, the social care organisation.

The dominant office developer-investor is currently spending £6m redeveloping the former telephone exchange. When it opens in February, The Exchange will offer 41,257 sq ft of office space over five floors, with a new glazed extension entrance that fronts onto Bruntwood's £1.3m public realm work on New York Street.

Lee Treanor, development surveyor at Bruntwood, said: "When it's finished in 2008, The Exchange will provide them and other customers at the building, with a quality office space that comes with some unique benefits, including floor to ceiling heights of 3.6m."

Turning Point will occupy the first floor with a number of head office functions. The basement of the building will continue to function as a telephone exchange, with the remaining five floors being converted into office space.

Despite its contemporary design, the building was originally constructed during the Cold War, as a hub for the city's underground telephone exchange, which was created at a cost of £4m to preserve essential communications links should the centre of Manchester come under attack from an atomic bomb.

Andrew Timms at Edwards & Co and Chris Lloyd, DTZ, are acting on behalf of Bruntwood with WHR Property Consultants representing Turning Point.

Your Comments

Read our comments policy

Related Articles

Sign up to receive the Place Daily Briefing

Join more than 12,000 property professionals and receive your free daily round-up of built environment news direct to your inbox


Join more than 12,000 property professionals and sign up to receive your free daily round-up of built environment news direct to your inbox.

By subscribing, you are agreeing to our Terms & Conditions and Privacy Policy

"*" indicates required fields

Would you also like to receive our free PlaceTech Weekly newsletter, covering innovation in property?*