Kenmore Capital Portfolio has secured another new office tenant at Jackson House, its office building in South Manchester, with IBM UK agreeing a 10-year lease at £16.50/sq ft to occupy 18,500 sq ft over the ground and first floor.
Kenmore Capital Portfolio is a joint venture between Kenmore Property Group and HBOS; it acquired the 127,000 sq ft building in Sale, Cheshire for around £20m from LaSalle Investment Management in 2006.
Following a refurbishment, the building is home to occupiers including Chep UK and One Advice. This deal comes off the back of the recent letting of 6,512 sq ft on the 4th Floor to AA Projects. There is 60,000 sq ft remaining to let.
Ben Roberts, head of Kenmore's Manchester office, said: "Since acquiring the building we have spent huge amounts of time and resource in refurbishing it and to address the inherent problems with the building which had driven tenants away prior to our ownership, including IBM. The building now offers high quality facilities and performance, which compares with any Grade A space in South Manchester. Attracting IBM back to the building is a testament to the unrivalled standards that Jackson House now sets and proves we have got things right."
Savills and Canning O'Neill are the joint letting agents. Atis Real acted for IBM.