Commercial Property News

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Wednesday, November 07, 2023

Fortis Bank first tenants at Manchester's Ship Canal House

Acting on behalf of Catalyst Capital LLP, joint agents GVA Grimley and Jones Lang LaSalle have welcomed Fortis Bank as the first new office tenant to Ship Canal House, one of the most well known buildings in central Manchester.

Having outgrown its former premises at The Observatory on Chapel Walks, the international banking and insurance services provider has signed a ten-year lease on 4,185 sq ft of space on the building?s newly refurbished 8th floor. This equates to a rent of 28.00 per sq ft.

Chris Cheap, partner at GVA Grimley, said: "A letting to an occupier of the stature of Fortis Bank is testament to the quality of refurbishment Catalyst Capital LLP is undertaking at Ship Canal House. The building provides the best address in Manchester city centre and now has the quality of office space to match."

Centrally located on King Street in the heart of Manchester's CBD, Ship Canal House is one of Manchester's most renowned office buildings. The property was originally built in 1924 as the home to the Manchester Ship Canal Company and was purchased by Catalyst Capital LLP in 2005 for 19.3 million. Comprising 70,000 sq ft of office space, over ten floors; the building is currently undergoing a high quality refurbishment.

Richard Stokes, associate director with Jones Lang LaSalle, added: "Securing a blue chip multi-national company as the first tenant is a fantastic boost for Ship Canal House, and will provide confidence to future occupiers."