Institutions to hunt suburban resi in 2021

Separate acquisitions by Warrington Council and Pictet Alternative contributed to £325m of deals recorded in the city's office market last year, more than any other major UK city outside London, according to Avison Young. 

The private bank is relocating from 3 Hardman Street in Manchester to No.1 Spinningfields, where it will occupy 11,300 sq ft on the 14th floor of the Schroders-owned block.

The Greater Manchester, Merseyside and West Yorkshire pension funds have appointed 27 companies to provide services across their combined £46bn property portfolio, to enable "a more cost-effective approach".

A long-awaited public consultation has opened to help shape future design proposals for the much-criticised public square and surrounding areas.

Eleven posts could be axed in the city council’s planning and building control department unless additional funding is found, as the local authority reviews budgets amid Covid-19.

BT’s 175,000 sq ft letting at English Cities Fund's Four New Bailey saw office take-up for the final quarter of 2020 hit 350,000 sq ft, taking the total for the year to 800,000 sq ft, the first time total annual transactions in the city centre have dropped below 1m sq ft since 2013. 

The listed developer, which has begun a 12-month review to cut costs, is eyeing two further regeneration opportunities in the city to expand its activities beyond the Mayfield scheme, according to its chief executive.

This dedicated one-off conference will explore the urgent need for the city region to finalise its plans and keep development on track.