One Stockport Exchange April 2017

One Stockport Exchange fully let

Muse Developments and Stockport Council have completed a letting to MusicMagpie, to take the 10,100 sq ft remaining floor in the recently completed One Stockport Exchange.

MusicMagpie, which runs a website for customers to buy and sell electronic items, has signed a 10-year lease, and will move 50 staff into the building this summer with room for expansion.

Bus operator Stagecoach recently announced it will be occupying three floors, totalling 33,000 sq ft, in One Stockport Exchange.

The ground floor retail space is fully let, with a Sainsbury’s Local now open and local coffee shop operator Cafelito due to open soon.

Muse is delivering the £145m Stockport Exchange regeneration scheme, which includes the One Stockport Exchange office, a Holiday Inn Express, and a multi-storey car park next to Stockport train station, in partnership with Stockport Council.

Steve Oliver, chief executive and co-founder at MusicMagpie, said: “For us, moving to Stockport Exchange is about the future growth of our business. We’ve outgrown our existing offices and to keep up with the rapid pace of growth of both buying and selling in the UK and US, we need to expand. We have an amazing working and family culture at Magpie that will only be improved by having a first class working environment at Stockport Exchange.

“Its excellent location and transport links to Manchester and London will help us massively with recruitment and its close proximity to the airport will be key as we continue to grow our US business.”

Wes Erlam, development director at Muse, commented: “Announcing a second letting at Stockport Exchange in as many weeks is great news for the development and a testament to its quality and excellent location. It’s another feather in the cap for the scheme, which is now fully let only six months after completion. We are now looking at delivering future phases which will build on its success, further adding to the vibrancy of this new commercial quarter.”

Cushman & Wakefield and CBRE are appointed as joint agents for the scheme, which was designed by Aedas RHWL.

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Should also be noted that Cushmans represented Music Magpie.

By Fair

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