No1 Spinningfields Winter

Moneysupermarket closes in on Manchester base

Price comparison website Moneysupermarket is close to agreeing terms on two floors at No.1 Spinningfields, accounting for around 22,500 sq ft, it is understood.

North Wales-headquartered Moneysupermarket has been looking for a Manchester location since 2015, narrowing an initial search for up to 80,000 sq ft in either Liverpool or the city down to 25,000 sq ft, according to an agents’ report seen by Place North West.

In April 2016 it moved staff into around 5,000 sq ft at Bruntwood’s 57 Spring Gardens in what was described as an interim move, while in May this year it was reported to have taken around 130 desks at WeWork in One St Peter’s Square. The business is advised by GL Hearn.

The company is set to take the 15th and 16th floors at No.1 Spinningfields, the grade A office development completed by Allied London in autumn 2017, then sold for £200m to Schroder Real Estate in November last year. The building was 87% pre-let prior to practical completion, with tenants including WeWork, Squire Patton Boggs and PwC. OBI is the leasing advisor for the building.

There were market rumours that Moneysupermarket was keen to take a third floor at No.1 which, with the building almost full, would have seen it take space earmarked for a business lounge operated by Allied’s co-working arm All Work & Social on the 17th floor. However, with Moneysupermarket settled on the lower two floors, it is understood that the lounge is to be delivered as intended, with opening scheduled for 2019.

All parties declined to comment.

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Comparetheofficemarket.com

By Igor

What a shame they weren’t able to make the move to Liverpool. Presumably because of the lack of suitable office stock?

By Anonymous

If they were as good as they say they are at saving money, they shouldn’t be looking at Spinningfields.

By Alan Partridge

Moneysupermarket have been in Manchester since 2016. They opened a fancy London office in 2017 which became their Headquarters. It’s well known that they have over 150 engineers in their Manchester offices. They have 2 sites in manchester. I presume they are now moving in to one location which is spinningfields and leaving their 2 manchester sites. I wonder if they actually secure that building though.

By Digital Manchester

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