Starling inks Manchester Landmark deal
The challenger bank has signed a 10-year lease on 14,000 sq ft at Barings’ city centre office building, a deal first tipped by Place North West last week.
Starling Bank joins a growing roster of occupiers at the 180,000 sq ft Landmark, including another bank, Santander, and Xero, which set a new headline rent for Manchester late last year when it took the top floor.
Additional occupiers at Landmark include HSBC UK, Allianz Insurance, Grant Thornton, and JLL, which represented Starling on the deal.
The fifth-floor office at Landmark is Starling’s fourth UK base and first in the North. The company’s other offices are in Dublin, London, Cardiff, and Southampton.
Starling is set to create 1,000 new jobs in Manchester to support the company’s next phase of growth.
The bank selected Manchester for its next base due to its “strong tech talent pool and rich cultural and creative heritage”, the company said.
Susanna Yallop, chief people officer at Starling Bank, said: “We want to offer our talent the best of the best and the facilities at Landmark made it the obvious choice for us.
“We’ve had some outstanding applications for our roles in Manchester already, affirming the city’s place as the tech capital of the North.”
CBRE and Colliers advised Barings on the deal.
Ian Mayhew, managing director of UK asset management at Barings, said: “To have been selected by Starling Bank for its fourth UK office is fantastic news and we are delighted to welcome their team to Landmark.
“It’s great to see the leasing momentum continue into 2023 and we are pleased to be able to deliver a high-class working environment for a range of innovative and market-leading businesses.”