Bus operator Stagecoach has signed a 15-year lease on 33,000 sq ft within Muse Developments’ recently completed One Stockport Exchange office.
Muse delivered the 55,000 sq ft building as part of the wider £145m Stockport Exchange development, in partnership with Stockport Council.
Stagecoach plans to relocate around 200 roles to the new offices by the end of the year.
A further letting for the remaining office is currently with lawyers and a Sainsbury’s Local is now open on the ground floor. Local coffee shop operator Cafelito has recently leased the remaining 2,400 sq ft ground floor unit and is set to open soon.
One Stockport Exchange is part of the second phase of development at Stockport Exchange, which has also delivered a 115-bed Holiday Inn Express.
Mark Haberfield, managing director of Stagecoach, said: “As our business requirements have expanded over the years, we have outgrown our current offices so it is great to have found suitable premises in Stockport. The new offices will provide a better working environment for staff, improved facilities and an environment which is better suited to the needs of our business.”
Wes Erlam, development director at Muse, said: “This letting is great news for Stockport Exchange and the wider town centre. We’re looking forward to welcoming Stagecoach to the scheme, where they will be able to take advantage of the excellent location, transport links and nearby amenities.
“The development has already physically transformed the area next to the train station and these lettings, along with the Holiday Inn Express and Sainsbury’s Local, will really put Stockport Exchange on the map as the town’s newest, most exciting commercial district.”
Once complete, Stockport Exchange will deliver up to 375,000 sq ft of offices and 28,000 sq ft of commercial floorspace. The first phase of the scheme, a 1,000 space multi-storey car park operated by NCP, was completed in 2014.
Cushman & Wakefield and CBRE are joint agents for One Stockport Exchange, which was designed by Aedas RHWL.
Peter Grant of Montagu Evans acted on behalf of Stagecoach.