Hunter Real Estate Investment Managers has completed its £10m refurbishment of the 435,000 sq ft Exchange Quay office development in Salford Quays.
Exchange Quay was acquired by Hunter in November 2013 on behalf of a North American institutional investor, and a £10m investment programme has been undertaken to upgrade the six office buildings to ‘Grade A’ specification, alongside the remodelling of the surrounding public realm and the introduction of a range of occupier facilities.
Since the start of 2015, Exchange Quay’s office agency team, made up of Canning O’Neill and Savills, has secured 10 deals totalling almost 60,000 sq ft to relocating and existing occupiers.
Hunter has appointed site services partner, Elior, on a five-year contract to introduce and manage the amenity offering at Exchange Quay. The occupier facilities incorporate a restaurant with live cooking theatre, a Costa Coffee outlet and a Londis Retail Shop. As part of its contract, Elior will also provide a hospitality service to Exchange Quay, which will cater for meetings, events and functions. An on-site Post Office will also open this year.
Jeremy Birkett-Jones, investment director at Hunter, said; “Right from the outset we recognised the immense potential in Exchange Quay, which was once regarded as the ‘Canary Wharf of the North’. It was clear to us that such a prestigious scheme in an unrivalled location in the North West would respond to a dedicated investment programme to modernise the office accommodation and create a whole new environment.
“We have engaged with all the relevant local bodies and worked closely with our design, site and agency teams since the acquisition to ensure that the finished product matches the market demand and this has already been confirmed in the initial lettings we have secured prior to completion of the works.”
Planit-IE designed the public realm at Exchange Quay.