Bruntwood signs Air Energi at Riverside
Oil and gas consultancy Air Energi has signed a 15-year lease for 18,000 sq ft at the Riverside office complex in Salford.
Air Energi will move in February and occupy a whole floor. The follows the private equity deal in October 2012 when LGV Capital, part of Legal & General, supported a secondary management buyout.
Air Energi supplies staff and consultant engineers, design and technical specialists and project managers for clients including Shell, ExxonMobil, ConocoPhillips and Total. The business is forecasting revenues of over half a billion-dollars this year.
Ian Langley, chairman of Air Energi, said: "The exponential growth of our staff numbers has resulted in this investment. Our market continues to offer exciting opportunities which we will seek to exploit as well as further enhancing our excellent quality of service to our clients. The Riverside complex offers a fantastic working environment for our team to continue its success."
OBI Property acted as property advisor to Air Energi on the deal and has now been instructed to procure and project manage the fit out of the new office.
Will Lewis, partner, OBI Property, said: "This represents a major deal in the Manchester office market and further highlights the benefits of a large single floor plate. We are pleased to be so involved in this important move for our client which demonstrates the breadth of our property skills from our leasing expertise through to building consultancy."
Andrew Cowell, head of sales at Bruntwood, said: "It's been great working with another one of our successful customers and assisting with the growth of their business. Riverside has proved to be one of the most successful office schemes across the whole of Manchester over the past six months."