Lloyd’s of London hunts for Manchester office
The insurance market has appointed CBRE to find a 10,000 sq ft office in the city, its maiden North West base.
A spokesperson for the market told Place North West that CBRE’s appointment is “a natural next step in our plans to open a new Lloyd’s hub in Manchester”.
Lloyd’s plans to open its Manchester site at the beginning of next year.
A historic institution, Lloyd’s of London dates to the 17th century and has grown to become a specialist market for the insurance and reinsurance trades. It is headquartered in the Lloyd’s building in London, which was designed by now-retired architect Richard Rogers and features its internal services such as duct work, lifts, staircases and water pipes on the outside, like the Pompidou Centre in Paris.
Manchester would be its first office outside the UK capital, and the decision to expand to the North West follows an analysis of other potential locations.
Jennifer Rigby, Lloyd’s chief operating officer, said: “I’m a proud Mancunian myself, and was delighted when our analysis showed that the city would be the best location to base our new hub.”
The Manchester office would offer flexible working opportunities and “a significant number of digital roles”, according to Lloyd’s.
CBRE declined to comment.
Great news this. When looking to expand outside London Manchester seems to be the clear choice which is good, even considering stiff competition from Leeds and Birmingham. Hopefully we can keep it going.
By Bob
Well , no shortage of grade A office space space in Manchester to choose from although perhaps they’d like to join HSBC in the Landmark development.? I’ve got an outside bet on Circle square though.
By Cityscape
Build a new one. Get Rodgers out of retirement.
By Anonymous
The UK is the world leader in insurance and Manchester is the biggest insurance market in the country after London. This is a great move and one which will undoubtedly boost the city centre.
By Anonymous
Impressive. Sounds like another win where the depth of digital talent was key to the decision.
By Rich X
Great news.It’s good to have prestigious companies invest in Manchester.
By Peter Chapman