Urban Splash invests further in Boat Shed
The developer is to invest £820,000 in refurbishing a further 14,000 sq ft of space at the 46,000 sq ft former Office Village in Salford Quays.
Splash bought the 1990s-built waterfront complex in August 2016, for around £4m from Columbia Threadneedle. At the time of acquisition the building was 50% vacant, but the developer has since secured 18,000 sq ft of lettings after a refurbishment by Liverpool firm R2 Architecture.
In the past quarter, the company said, its efforts have attracted occupiers including Hat Trick PR, Novo Innovations and Capital Growth Group, taking a combined 8,520 sq ft. In December last year, Lupo Caffe Italiano, having had notice served at Chapel Street, moved to the building.
Emily Handslip, Urban Splash commercial director, said: “The needs of modern businesses are rapidly evolving and high quality, refurbished space plus a communal, café area is key. The Boat Shed provides this not only within the confines of the building – but also across the wider Exchange Quay estate.
“We also work really hard to ensure that we remove the barriers to entry for smaller businesses who want to locate themselves in a scheme like this; our flexible and short-form lease options really help both here and across our portfolio.”
Canning O’Neill and Avison Young are instructed as joint agents for the development.