CBRE Manchester appointed to £56 million Embankment building

The Office Agency team at CBRE in Manchester has been appointed on the new £56 million, 167,000 sq ft 101 Embankment office building in Manchester City Centre.

CBRE has been instructed by partners Ask Property Developments, Carillion Plc and Tristan Capital Partners who have secured detailed planning permission and funding for the Grade A office building on the site of the former Exchange railway station, directly opposite Manchester Cathedral and Chethams School of Music.

The first of the two office buildings, 101 Embankment, will comprise 167,000 sq ft of Grade A office accommodation over 10 storeys with 17,700 sq ft floor-plates and a 442 space car park operated by Q-Park. CBRE is joining DTZ as leasing agent on 101 Embankment.

The strategic site is located in the City’s prime retail and leisure district, close to Harvey Nichols and Selfridges and adjacent to the new multi-million pound Greengate Square public realm. Demolition works have now commenced, with 101 Embankment scheduled for completion in July 2016.

John Ogden, managing director of CBRE’s North West business and head of Office Agency, said; “Bringing forward 101 Embankment into a market which has very limited supply of Grade A space is a really positive move by the development partnership which will further enhance this exciting part of the city centre.

“We are delighted to be on board with this scheme, the delivery of which is clear.”

Peter Mather of Tristan Capital Partners, said; “We are pleased to welcome CBRE onto the 101 Embankment agency team. Their exposure to the occupier market is second to none and we are confident that their appointment alongside DTZ will add to the success of our first phase at Embankment.”

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