Commercial Property News

Our magazines are published bi-monthly with in-depth features and news for the commercial property industry. On this page we have the latest news to keep you constantly updated on the market. On the left hand side of the page you can search our archived news which is stored monthly.

Friday, July 28, 2023

BDP signs lease at Piccadilly Basin, Manchester

BDP has announced the signing of the Agreement to Lease to take a new building for the company's Manchester headquarters at Piccadilly Basin. LSH was involved in developing, selecting and negotiating on behalf of BDP, GVA Grimley, Donaldsons and Hill Woolhouse acted on behalf of the developer, Town Centre Securities plc.

BDP selected Piccadilly Basin as the ideal Manchester site and Town Centre Securities as its preferred developer to develop its new northern headquarters on Ducie Street after an extensive search. Planning permission has been obtained for the new building, extending to 31,000 sq. ft., designed by BDP, which will accommodate its 275 strong Manchester team. The building is scheduled for completion in early 2008. BDP is to take a 20 year lease at a rental level of 19.75 per sq. ft. Kier Northern has been appointed as the contractor.

The six storey building is to be located on a very tight site on the southern edge of the Piccadilly Canal Basin with eye catching glazed elevations cantilevered over the Rochdale and Ashton canals. It will provide highly energy efficient and flexible design studio space with dramatic views over the canal basin.

Stephen Redfern, Business Director at BDP's Manchester office, says: "BDP is delighted that construction work has now commenced on our new offices at Piccadilly Basin and that our relocation will assist in the regeneration of the area. The integrated design reflects BDP's commitment to sustainability and is intended to achieve an Excellent BREEAM rating. The new design studios will provide a flexible working environment, responsive to change and showcase BDP's design vision".

Richard Lewis, Development Director, Town Centre Securities, says: "We are delighted to have attracted BDP to our major regeneration scheme in Manchester and that they shared our vision for producing quality sustainable buildings on this very important site."

Peter Skelton, head of Lambert Smith Hampton's Manchester office, comments: "This letting is the catalyst not only for Piccadilly Basin's recognition as a major office location but also for the regeneration of the whole of the wider Piccadilly area, which is seeing significant development activity in both the commercial and residential sectors."