F&C Commercial Property Trust has secured international private banking group Arbuthnot Latham and Inflexion Private Equity at 82 King Street, Manchester, at a record rental level for the building of £32.50/sq ft.
BMO Real Estate Partners acted for F&C Commercial Property Trust.
Arbuthnot Latham has taken 4,000 sq ft and Inflexion Private Equity has taken 2,350 sq ft at the 14-storey building. Both tenants have agreed five-year leases.
In the past 18 months, the building has taken on occupiers including AXA, Channel 4, Lloyds Development Capital and Odgers Berndtson. The 103,000 sq ft building is now almost fully let, with 1,900 sq ft remaining.
WHR, GVA and TSG are the retained joint letting agents for the building.
Harry Skinner, senior surveyor at WHR, said: “We are pleased to announce these lettings which demonstrate that financial institutions are still expanding into Manchester and the city centre market is still moving forward post-Brexit. Rental levels for quality refurbished buildings are increasing and we expect this trend to continue throughout 2017.”