IBI on the move to Noma
The global consultancy, which includes architecture, engineering and planning among its services, will take a 6,600 sq ft floor at Manchester’s Dantzic building.
IBI Group has agreed a 10-year lease on the space. The deal allows the Canadian-headquartered group to consolidate its Rochdale and Didsbury offiecs into the city centre’s Noma district.
The grade two-listed Dantzic was built in 1937, and now offers close to 45,000 sq. ft. of workspace spread across six floors following a revamp designed by Sheppard Robson and carried out by Russell WBHO.
Peter Ridley, director at IBI Group and lead for the new office said the firm is looking to add to its pipeline of projects in the region. Ridley, formerly of Foster & Partners, joined the firm in 2020.
IBI made its initial move into the region with the 2012 acquisition of Taylor Young.
Stephen Bradley, director – investment management at Federated Hermes, said: “Our vision for NOMA was always to create a new beating heart for Manchester’s innovators that will help the city continue to punch above its weight and stand tall on the world stage.
“IBI Group, with its focus on technology-driven design and sustainability, is absolutely in line with our vision of delivering something truly unique, creative and innovative.”
Noma’s occupiers include Amazon, Deloitte, The Co-op and WeWork, while last year the Ministry of Justice agreed terms at another refurbished listed building in Redfern for a flagship National Probation Service hub, a deal first revealed by Place North West. .
Noma is owned by investment manager Federated Hermes. MEPC, which Federated Hermes acquired in 2020, is the development and asset manager for the regeneration project. The masterplan area is slated to provide 2.5m sq ft of commercial space.
Construction is currently under way at 4 Angel Square, a speculative 200,000 sq ft office development, while the Co-op is looking to sub-let 74,000 sq ft at its One Angel Square HQ.
Workman is responsible for property and estate management across Noma. Colliers and JLL are retained office agents. Lyons Thompson Letts and Colliers are retained retail and leisure agents.