Exchange Quay

Beauty Bay decides against Circle Square move

Fashion retailer Beauty Bay has decided against taking 30,000 sq ft at Bruntwood’s Circle Square in favour of expanding at its current base at Exchange Quay, Place North West understands.

The company, currently based in Building 5 at Exchange Quay and also with an office in Eccles, had originally come to the market with a 30,000 sq ft requirement in central Manchester.

Instructing Canning O’Neill as advisor, the company considered a number of city centre options including Allied London’s Bonded Warehouse and ABC; New Bailey; Bruntwood’s Circle Square; and 101 Embankment, before settling on Circle Square as its preferred option.

However, after more space became available at its current base at Exchange Quay, Place North West revealed in March the fashion company was weighing up whether to remain in Building 5, where it has a 7,600 sq ft office.

Although a contract has not yet been signed, it is understood Beauty Bay now favours remaining at Exchange Quay instead of relocating, and will now look to expand to take its total space to 22,800 sq ft over two further floors.

This leaves Circle Square without a pre-let, although it is understood Bruntwood currently in discussions with a number of interested parties.

Work on two of Circle Square’s offices began in November last year, and these buildings will provide 400,000 sq ft of space and range between 17 and 14 storeys in height. Designed by architect Feilden Clegg Bradley, the project is being built by John Sisk & Son.

Overall, Circle Square is due to provide 1.2m sq ft of commercial space. The office agent for the development are JLL, Knight Frank, and Savills.

Bruntwood and Canning O’Neill declined to comment.

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Huge knock for Circle Square

By Town Planner

Beautybay running out of money, chickens coming home to roost is the main reason why they’re staying.

By James

Makes more sense to stay where they are

By CitySpotter

Breaking news: a business looks at moving and decides not to.

Must be a quiet week at Place for this to make a headline news!

By DaveJ

DaveJ – and then decides to triple its space in the building it’s currently in, which would count as news…

By BB

Disagree with you DaveJ.

It’s news for the office market in the Quays and also quite a hit for Circle Square that could wobble that development. It’s property news covering two significant areas.

By .

I’ve decided to stay in my stable, and not romp across some fields.

By Black Beauty

James, how do you figure they’re running out of money? Fast Track had profits at £4m last year. Not knocking you, just interested

By J2

There will only ever be one BB in Manchester City Center

By Jasper

Jasper – which BB are you referring to? I believe that the company formerly known as BB are no more?

By Danno

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