Soapworks fully let as tenants expand

The 230,000 sq ft building in Salford is now full after occupiers the Home Office and Talk Talk expanded to take a combined 25,500 sq ft.

The Home Office already occupies 56,000 sq ft in the main building of the development, housed in the former Colgate-Palmolive Factory near Salford Quays, and has taken an additional lease of 20,000 sq ft in the neighbouring Boiler House building on a lease running for more than 10 years.

Talk Talk, one of the building’s largest tenants, has also expanded into an additional 5,500 sq ft on a three-year lease, taking its total occupation in the building up to 110,000 sq ft.

Other tenants include Irwell Valley Homes with 11,000 sq ft and tech company CGI, along with Innov8 and MWH. The quoting rent is £18.50/sq ft, and the retained agents are Avison Young and JLL.

Cushman & Wakefield acted on behalf of the Home Office.

The Greater Manchester Pension Fund owns the development, having purchased the scheme from developer Carlyle in 2017.

Chris Cheap, managing director at Avison Young, said: “Soapworks has proven to be one of the region’s greatest office regeneration success stories of the last decade.

“A lot has changed since GMPF acquired the scheme a little over 18 months ago and we have introduced a number of exciting new initiatives that have not only attracted new headline tenants but also meant that existing ones were keen to remain and expand their occupancy.

“The fact that we were able to re-let the Boilerhouse immediately without going out to the market is testament to what we have achieved.”

Your Comments

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Never thought they’d fill this scheme but there you go. Just shows the strength of the Manchester office market at the minute.

By Bish bash bosh

Following the trend, I assume this foretells redundancies in Liverpool, since the Home Office have offices there too. To be wound down just to issuing passports (if that) and hosting interviews with those the British government doesn’t want in the UK. Private sector taking just 5000 square feet and UK state consolidating costs doesn’t scream economy boom.

By Johan

Is there a campaign down the East Lancs to prove your the biggest and best since sliced bread at the moment. It’s great Salford offices are filling up, and Manchester is doing well. Long may that continue and for Liverpool too.

By Roscoe.

@Bish bash bosh
I thought the same!


By Lil Kim

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