Global Banking School to grow Manchester campus by 55,000 sq ft 

GBS already occupies 48,000 sq ft at Universal Square and plans to more than double its footprint at the office complex rather than relocate.

Global Banking School wants to occupy an additional 55,000 sq ft at MCR Property’s 258,000 sq ft Manchester complex, taking its presence to 103,000 sq ft overall.

Since first taking space within the Devonshire Street building in 2019, GBS has gradually grown its footprint. The school took an initial 9,000 sq ft before doubling its space in 2020. In 2021, another 30,000 sq ft was added.

Plans to add 55,000 sq ft come amid increasing demand for the school’s courses. GBS could welcome an additional 3,800 students by 2027 as a result of the expansion, taking capacity beyond the 10,000 mark.

A planning statement submitted by Iceni Projects in support of an application to convert office space into education space outlines the rationale behind the school’s decision to expand rather than relocate.

The current site is deemed attractive to students given that the vast majority are located in Greater Manchester, the planning statement said. In addition, it was decided by the school that relocating could cause “major disruption” for students.

Global Banking School was contacted for comment.

Education providers have been among the most active organisations in the office occupation market in recent years, with many plumping for traditional office space over purpose-built buildings.

Last year, Arden University took an additional 12,000 sq ft within 2 Hardman Street having already signed for 43,000 sq ft in 2023.

Elizabeth School of London is also eyeing up a deal for the entirety of Custodian REIT’s 30,000 sq ft Arthur House, while Victoria College of Art and Design has signed a 16-year lease at Britannia Invest’s 20,000 sq ft Bridgewater House on Whitworth Street. In Liverpool, John Moores university is close to agreeing terms on 24,000 sq ft at City Square.