Physical banks on the High Street are having to change to meet demands of new technology, says Tony Lenehan

Office refurb market healthy, says Styles & Wood

Fit-out firm Styles & Wood told the stock market this morning that it has secured £16m of new office refurbishment projects across Manchester and London since the start of the year.

The group's Styles & Wood Projects division has been appointed by Hermes to carry out the full strip-out and refurbishment of the eight-storey Citygate Court, a 50,000 sq ft building in Manchester city centre.

The seven-month project includes re-configuring a Barclay's branch on the ground floor of the building, relocating the entrance and creating a two-storey atrium.

Styles & Wood has also been selected by one of the UK's largest insurance services providers to design and carry-out the refurbishment of more than 150,000 sq ft of office and retail space in Manchester city centre.

Tony Lenehan, chief executive of Styles & Wood, said: "Following on from some significant success in the banking sector at the end of 2014, these new contracts demonstrate a strong start to the year and the ongoing impact of our diversification strategy."

The firm was historically known as a retail specialist before broadening its target across the commercial market.

Lenehan added: "We're confident of future opportunities in Manchester, with demand for quality office space driving refurbishment projects in the immediate future and a surge in new developments expected to come forward in the coming months. In London our team has a growing reputation in the commercial market and our integrated approach provides a key point of differentiation."

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