English Cities Fund’s One New Bailey in Salford is almost fully let, following deals to Circle Recruitment and Shawbrook Bank.
Shawbrook Bank, currently based on Deansgate, has taken 5,300 sq ft across the third floor of One New Bailey on a 10-year lease with a five-year break. Circle Recruitment has taken 1,900 sq ft on the first floor on a five-year lease and is relocating from its base at Blue Tower, MediaCityUK.
One New Bailey was the first office to be delivered at the New Bailey development, being delivered by a joint venture between Muse Developments, Legal & General and Homes England.
One New Bailey is already home to Freshfields Bruckhaus Deringer and WH Ireland, with restaurants Menagerie and FoodWell on the ground floor.
Phil Mayall, regional director at The English Cities Fund, said: “One New Bailey has been the anchor development for the wider scheme, and with the variety of high quality, professional businesses now based here, as well as the vibrant leisure scene on the ground floor, this building epitomises what New Bailey is all about.
“New Bailey’s location was a major driver for both Shawbrook Bank and Circle Recruitment selecting the building, and we’re delighted to welcome them both to the scheme.”
Following completion of the letting to Shawbrook, 3,165 sq ft remains available in the 125,000 sq ft building.
There are four projects currently under construction at New Bailey, including offices Two New Bailey Square, Riverside House and Three New Bailey, as well as the third phase of residential development at The Slate Yard.
JJL and Cushman and Wakefield are the agents on the scheme.