The insurance market has appointed CBRE to find a 10,000 sq ft office in the city, its maiden North West base.
A spokesperson for the market told Place North West that CBRE’s appointment is “a natural next step in our plans to open a new Lloyd’s hub in Manchester”.
Lloyd’s plans to open its Manchester site at the beginning of next year.
A historic institution, Lloyd’s of London dates to the 17th century and has grown to become a specialist market for the insurance and reinsurance trades. It is headquartered in the Lloyd’s building in London, which was designed by now-retired architect Richard Rogers and features its internal services such as duct work, lifts, staircases and water pipes on the outside, like the Pompidou Centre in Paris.
Manchester would be its first office outside the UK capital, and the decision to expand to the North West follows an analysis of other potential locations.
Jennifer Rigby, Lloyd’s chief operating officer, said: “I’m a proud Mancunian myself, and was delighted when our analysis showed that the city would be the best location to base our new hub.”
The Manchester office would offer flexible working opportunities and “a significant number of digital roles”, according to Lloyd’s.
CBRE declined to comment.