Bluemantle secures 85% lettings at Metropolitan House

Michael Hunt

Bluemantle has secured eight new tenants for the 33,915 sq ft Metropolitan House in Cheadle Hulme, south Manchester.

The property investment and development company achieved a rental level of £16.50/sq ft and said 85% of the building, which underwent a £2m refurbishment last year, is now let.

Q Home Centres occupies 3,600 sq ft having agreed a 15-year lease, while Albion Finance agreed a five-year lease for 3,355 sq ft.

Woodford Engineering, Maro Developments and Zimo have all taken similar sized space but on three year leases.

Three-year leases have also been secured with Leggatt Freightway which now occupies 2,520 sq ft.

Annuities4u and M D Events have taken 1,562 sq ft and 1,200 sq ft respectively.

Charlie Williams, of letting agents Berkeley Brown, said: "The south Manchester letting market has remained fairly buoyant and we believe that this is an area which will continue to perform steadily over the coming months. Our recent decision to relocate our offices out of the city centre was in response to the increasing number of enquiries that we are receiving from other companies looking to relocate from Manchester city centre to south Manchester area to avoid congestion and cut overheads."

Matthews & Goodman are the joint letting agents.

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