Cundall makes Northern Quarter move
The engineering firm has signed for 5,000 sq ft at Pictet Alternative Advisors and XLB Property’s Fourways on the corner of Hilton Street and Tariff Street, relocating from 6,000 sq ft at Manchester One on Portland Street.
Cundall has signed a 10-year lease and will pay £27/ sq ft at Fourways.
Paul Kenyon, managing partner for Cundall in Manchester said: “The location, quality, sustainable credentials, and unique heritage of the building were all factors in the choice of Fourways as our new home in Manchester.
“We are committed to providing our staff with a base in the city and look forward to sharing more information on our proposals for the space over the coming weeks.”
Fourways is a 60,000 sq ft grade two-listed former warehouse that was sold by Helical last year as part of a £120m deal.
Pictet and XLB Property’s acquisition also included two more Helical assets, Tootal Buildings on Oxford Road, 35 Dale Street in the Northern Quarter.
CBRE acted for the landlords on the Fourways letting and Cundall was represented by Savills.
Stephen Wormald, associate partner at XLB Property, said: “Cundall’s decision to relocate to Fourways is a testament to the quality of the space and our ESG focus for the building.
“This lease marks the first ‘green lease’ within the building, which we aim to roll out on future transactions.”