Coalfire sets date for City Tower move

The cybersecurity consultancy has said its new EMEA headquarters at the Manchester landmark will open in the second quarter of 2021.

Coalface initially announced the move, to a 5,500 sq ft space on the 28th floor of Schroders’ asset, in late 2019, a year in which the business was acquired by private equity house Apax Partners.

Andy Barratt, UK & Europe managing director, acknowledged the impact of Covid-19 on the company’s planning. He said Coalfire now intends to incorporate more collaborative working and event spaces into the fit out to provide a “destination” for employees and clients.

He said: “The pandemic has undoubtedly changed people’s relationship with office working but I firmly believe that it will continue to play an important role. We want to offer our team the flexibility to work from home, but also a fantastic workspace where they can spend time with their colleagues and clients.”

The company has said it intends to double its existing headcount of 30 in the city by 2023. With global headquarters in Denver, Colorado, Coalfire employs more than 800 people across 11 sites.

Coalfire’s UK & European operations have been based in Manchester since 2013, presently being located on Portland Street.

Barratt added: “Manchester’s digital strengths and international connectivity make it the perfect home for a growing, tech business – Covid-19 hasn’t changed that. This city has been our home for seven years now and we are most definitely here to stay.”

Rob Cosslett, fund manager at Schroders, said: “City Tower’s advanced technology facilities makes it the perfect location for Coalfire as it continues to increase its presence in the cybersecurity industry. The space gives them ample room to grow as a team, expand their remit and drive innovation within their sector.”