STOK inks largest letting to date
OCU Group has signed a five-year lease on 6,300 sq ft on the top floor of the Stockport office building.
The firm has taken space in Tandem Investments’ 60,000 sq ft STOK, building on its existing presence in the town on Greek Street.
Utilities and energy contractor OCU Group will join Valloop, Brennan Consult, Stockport Accountancy Services, Biffa, Toxic Fox, VALID8 IP, GROFU, and Ctrl-S.
Starbucks has now also signed up for space within the building, taking 2,200 sq ft on the ground floor on a 15-year lease.
The OCU deal is the largest to date at Stok since the scheme – formerly and M&S – completed in 2022.
The flurry of deals follows additional internal work to break up the floorplates into smaller suites.
Of the 470 desks that were speculatively developed as part of the Grade A plus refurbishment last year 224 have now been let, with a further 36 under offer. OCU Group will occupy 84.
Chloe Ellerby, project director at STOK, said: “We are thrilled to agree this letting, which from first viewing to completion took less than a month, demonstrating that occupiers are willing to commit to space that provides a quality fit out and working environment.”
Nellie Michael from the project team at OCU Group added: “We are very pleased to have agreed the let at STOK.
“Its modern office environment and facilities will support our people first approach, ensuring a great workspace for our teams.”
Richard Rees, director at Tandem Investments, said: “The OCU Group letting and the other lettings completed recently fully justifies our additional investment into STOK, providing a best in class, flexible ‘plug & play’ solution for occupiers.”
Edwards Property are the letting agents for STOK.
Nice one but any idea on rent? Would be useful to understand comparisons against the likes of Altrincham, where foundations seems to be smashing it. Although the yields are still hurting valuation I assume.
By Woop