Loan provider takes space for growth

Evolution Money has acquired 11,676 sq ft of office space at 9 Portland Street in Manchester city centre. Acting on behalf of London & Scottish Investments, DTZ advised on the disposal of the entire third floor.

Number 9 Portland Street provides 55,000 sq ft of office accommodation and underwent refurbishment last year.

This latest deal closely follows the disposal of floors five and six to the Gourmet Food Society and SF Group respectively.

Mat Beaver, managing director of Evolution, relocating from Bauhaus in Quay Street, said: "We are excited about the next phase of development of our growth and we feel the high quality accommodation we have secured at 9 Portland Street will give us the platform to achieve our objectives."

Rob Yates, office agency director at DTZ commented: "9 Portland Street is now 56% let and advanced discussions are ongoing with three other parties. The success is testament to the quality of the product created by London & Scottish and their pragmatic can do attitude when interfacing with occupiers."

DTZ and WHR are the joint letting agents for 9 Portland Street. TFC acted for Evolution Money.