Manchester based property investment and development company, Hurstwood Holdings has agreed the largest office letting of the year in Trafford Park and Salford following the 18,043 sq ft letting to housing trust, the L&Q Group.
Nexus, the Hurstwood Holdings owned Grade A office building, is situated at the entrance to City Park Business Village, less than 1.5 miles from Manchester city centre and close to the junction with Trafford Road and Wharfside Way. Acting on behalf of Hurstwood, sole letting agents, Edwards agreed a 16 year lease was agreed with L&Q for the top two floors at £14.15 per sq ft.
Andy Park, Managing Director of Hurstwood Holdings adds:
“L&Q is a great addition to our already expansive portfolio of high calibre tenants. Over the next few months, we will be working with the L&Q team to carry out a bespoke fit out of this prominent building that accommodates its specific requirements.”
Andy continues: “This deal forms part of our portfolio with Rothschild with whom we were delighted to work with again. Thank you also to Gateleys for their valuable legal advice.”
Oliver Woodall, Associate Director at Edwards, comments:
“This modern headquarters style office building was ideal for L&Q as it looks to relocated its operations from its previous premises in Sale. There are few opportunities in the market at present to acquire buildings of this size and given its unique location and the current challenging market, we were pleased to have been able to secure this deal for both parties.”
