TCS welcomes new tenants to Piccadilly Basin office portfolio

October2018

Town Centre Securities PLC (TCS), has welcomed a raft of new tenants to its office portfolio in Manchester’s Piccadilly Basin.

TCS has signed up five new occupiers across Ducie House and Carvers Warehouse over the last few months totalling more than 6,000 sq ft of office space.

Piccadilly Basin is a circa 13 acre award-winning waterside development adjacent to Piccadilly train station in Manchester City Centre. Existing commercial buildings in TCS ownership comprise circa 50,000 sq ft in addition to three CitiPark car parks and Urban Exchange Retail Park. The wider approved Strategic Regeneration Framework for the area agreed with Manchester City Council identifies over 700 residential units, 200,000 sq ft commercial space as well as a new MSCP.

Following the recent acquisition of Ducie House in July this year TCS has seen some great early letting success with lettings to Manchester City Football Club to house its event management team; leading construction consultants, Scott Ripley Associates Ltd, which has expanded into Manchester from Leeds and new business start-up 3AM Ltd has launched, benefiting from the flexible office space being offered.

Scott Ripley Associates are also working with TCS on the future Eider House 128-unit residential scheme and on site project Burlington House, a new 91-unit apartment scheme due to be complete in the Summer 2019.

Ducie House is a former petticoat factory situated close to Manchester’s famous Northern Quarter and now forms part of TCS ownership at Piccadilly Basin. The 33,000 sq ft building currently provides contemporary flexible office and studio space from 100 to 4,000 sq ft across 64 units.

Signs are also good in TCS’ existing Carvers Warehouse where the recent letting to construction company GMI has now resulted in the building being fully let. The Leeds-headquartered company relocated and upsized from neighbouring 75 Dale Street, where it opened its first office in Manchester to establish a base in the North West following a string of wins in the City and a pipeline of further work in the region.

Following GMI’s relocation, the operations team from the luxury 5* Dakota Deluxe Hotel currently under construction at Piccadilly Basin will take up the space at 75 Dale Street.

Built in 1806, Carvers Warehouse is currently home to office tenants Civic Engineers, The Harris Partnership, CTP Limited, Max Fordham, Renaissance, BWB and café/deli operator, North Star Piccadilly. The sensitively restored, listed building comprises six floors of office accommodation.

Chris Collins, Asset Manager at TCS said: “We are delighted to welcome so many new occupiers to our prime office developments across Piccadilly Basin. Manchester’s Northern Quarter continues to thrive and Carvers Warehouse, the city centre’s oldest surviving stone-built warehouse, has benefited from this success over the years.

“Ducie House is proving popular with businesses of all sizes from one desk start-ups to established businesses and we are pleased to sign up a range of new occupiers to add to the diverse tenant mix.

“With the recent success in both buildings, we are now working on an exciting strategy to refurbish both premises and have recently engaged with Prop Tech Company Wired Score to make sure these characterful historic offices are fit for the future and provide the connectivity that our modern tenants need. ”

Avison Young and Daniel Harris & Co acted for TCS on the majority of these lettings

Carver's Warehouse

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Ducie House

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Urban Exchange

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CitiPark

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Piccadilly Basin

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Town Centre Securities PLC (TCSC.L) 240.00 -7.00 Last updated: 16/11/2018 at 14:51