Fieldfisher signs at No.1 Spinningfields
The law firm will occupy 11,300 sq ft on the 17th floor of Schroder Real Estate’s 19-storey office block in Manchester.
Fieldfisher, which is relocating from the Freetrade Exchange building on Peter Street, has signed a 15-year lease at the 310,000 sq ft development and will pay £37.50/ sq ft rent.
Spinningfields developer Allied London was planning to use the 17th floor as a business lounge but surrendered its lease on the space, facilitating the letting.
Schroders acquired No.1 Spinningfields for £200m from Allied London in 2017.
Other occupiers include professional services firm PWC, price comparison business Moneysupermarket, private equity firm Northedge Capital, and law practices Browne Jacobson and Squire Patton.
Makoto Fukui, head of strategic partnerships at Schroder Real Estate, said: “Achieving this letting at a time of more general market uncertainty is testament to the quality of the building, our high standard of tenant services and the amenities both within No. 1 and the wider Spinningfields estate.”
Cushman & Wakefield and Norton Rose Fulbright advised Schroders on the deal and Fieldfisher was represented by OBI.
Will Lewis, director at OBI, said: “It is great to see, even during a pandemic, that businesses are still making long-term commitments to the city and embracing the new way of working.”