Partner Article

Peel acquires Salford Quays office block

North West giant The Peel Group has acquired the Digital World Centre office block, extending its holdings at Salford Quays.

The eight-floor building offers a total of 72,500 square feet of office accommodation, and includes a Nando’s restaurant and a café bar, Craft Brew.

It has ten long-term tenants, including Telegraph Media Group, Regus, Eagle Eye Solutions, Fast Web Media and other digital and media-related enterprises.

The block, situated next to the Lowry Outlet Centre, was previously owned by Charterhouse Property Group and The Lowry Centre Development Company. No fee has been disclosed.

Stephen Wild, MD of MediaCityUK, said: “Acquiring the Digital World Centre is a fantastic step forward for MediaCityUK as we expand the choice of flexible office space and enhance the destination offering for visitors.

“With occupancy levels continuing to increase, it’s crucial that we maintain our commitment to providing small creative enterprises with choice and flexibility to support their organic growth.

“Equally, it’s essential that we meet the demands of the burgeoning number of digital and tech start-ups.”

Steven Underwood, chief executive of The Peel Group, said: “This is an important strategic acquisition for Peel and reaffirms our long-term ambition to invest in the continuing development of MediaCityUK.

“The Digital World Centre is an excellent addition to the portfolio and we regard it as an ideal complement to our purchase in 2012 of the Lowry Outlet shopping centre.”

This was posted in Bdaily's Members' News section by Simon Malia .