Fund manager takes space at City Place

SL Investment Management has exchanged contracts with Muse Developments to take 3,100 sq ft at One City Place.

SL Investment Management is an alternative investment fund manager, specialising in US life settlements and traded endowment policies.

The company will occupy part of the third floor of the office on a 10-year lease, when it relocates from its current Grosvenor Court headquarters.

One City Place is the first office building in Chester’s planned £100m Central Business Quarter, and has seen 27,000 sq ft of space let in the last seven months. Tenants that have signed to date include RSM UK, Power Solutions UK, Excello Law and Black & Veatch.

Muse has also received strong interest in the remaining floors at One City Place, with the ground floor suite B, and the first and second floors currently under offer.

SL Investment Management is expected to relocate its 30 strong team to the development in early June 2017, with fit out due to commence in the coming weeks.

Phil Mayall, development director at Muse, said: “The last few months have been extremely positive for One City Place and it’s great to see SL Investment Management sign up on a long-term lease.

“With our fifth tenant now confirmed and a number of deals still in the pipeline, our aim for City Place and the wider Central Business Quarter to become the city’s number one destination for business is really coming to life. The success that we are experiencing at One City Place is also helping to pave the way for the next stages of development of the Central Business Quarter which will continue to offer the business community of Chester options that they have not had previously.”

CBRE and GVA are joint agents at One City Place. CBRE acted for Muse on the deal.