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6

Commercial Property Register

September - December 2017

www.compropregister.com

IN BRIEF

PROPERTY

profile

One of the factors giving Manchester an edge

in growing its economy and competing on a

worldwide basis is the strength of the

technology sector which is helped by the

presence of top universities.

The city is bracketed with Glasgow, Leeds and

Liverpool as the digital start-ups’ hotspots of the

future as they ranked highest of any UK city for a

combination of most affordable property, number

of digital tech jobs and the growth potential of their

digital economies, said

HouseSimple.com

.

In fact, Manchester came out on top in the

rankings with digital jobs and a tech sector growth

potential of 85%, one of the highest in the UK.

Reinforcing this analysis, Manchester is the best

placed regional location for the creative industries,

said CBRE, although Bracknell has the highest

concentration of employees working in the creative

industries.

Tom Newns of MIDAS, Manchester’s inward

investment agency, commented: “One of our unique

selling points is the way our businesses collaborate

across sectors and universities to drive the next

wave of innovation across the industry.” Indeed, on

the CBRE analysis. Manchester is way ahead of any

other northern city with Newcastle next in 14th spot

followed by Warrington at 15 (where Birchwood Park

plays such a significant role).

In the first half of 2017, Patrizia, the UK manager

of Birchwood Park, let 6,503 sq metres (70,000 sq

ft), up 45% on the same period of last year. The

park has pulled in 20 new companies, many of them

international groups such as Ricoh. In particular, the

park’s speciality in nuclear engineering has attracted

companies, boosted by the launch of the Cheshire

Science Corridor Enterprise Zone.

One of these companies was Cavendish Nuclear

which leased 4,380 sq metres (47,149 sq ft). It is

worth noting that the park has 94% occupancy.

Martin O’Rourke of Birchwood said: “Despite mar-

ket uncertainties we have continued to see a high

level of demand from businesses looking to set up

in the North West, ranging from start-ups and SMEs,

to global corporates. What has been particularly in-

teresting since June 2016 has been the interest from

international companies looking to locate here.”

He added that “with 65,050 sq metres (700,000

sq ft) of development land with outline planning

permission, there is also huge potential here for

businesses looking for bespoke office or warehouse

space.”

One

scheme designed to meet

the demand for residential

property, is footballers Gary

Neville and Ryan Giggs’ plan

for a mixed-use tower of 29

storeys, which has a new

design following objections to

the earlier version’s impact on

historic buildings. The design

is for 13,661 sq metres of

commercial space as well as

substantial areas for leisure,

170 flats and a 200-bedroom

hotel.

4M, Manchester Airport

Name of Property/Address:

4M, Chicago Avenue, Manchester

Airport, M90 3RR

Information:

Self-contained and

compact, Manchester Airport is

a business destination in its own

right. It’s open all day, every day

and provides a secure infrastructure

you won’t find anywhere else in the

region. It’s also home to a choice

of quality work environments, so

whether you’re looking for cost

effective offices for just two people

or space across multiple floors,

we’ve got the match for your

business needs.

Existing office space at 4M is

currently available from 1,000 to

45,000 sq ft, offering you the

opportunity to take space for

between 10 to 500 people.

4M at Manchester Airport is

purposely designed to connect

people with places. Locate your

business here and enjoy the

transport benefits of an internation-

al airport as standard. So, whether

your travelling by car, train, tram, air

or bus, the airport can make your

commute as convenient and stress

free as possible.

All enquires to:

CBRE – 0161 455 7666 or

Savills – 0161 236 8644

NEWS

High Tech

FOCUS

Leading industrial developer,

Chancerygate has continued its site

acquisition programme with the purchase

of 16 acres of development land at

Parkgate Industrial Estate in Knutsford,

Cheshire

Mike Walker, Development Director for

Chancerygate in the North West, comments:

“This is one of the prime locations in South

Manchester and Cheshire that we have been

targeting. We are planning a 300,000 sq ft

development in total that will be of interest to a

number of national and local businesses. We have

already had strong occupier interest. The scheme

will probably be done in 3 phases.

“The first phase of speculative development will

provide around 85,000 sq ft of industrial and

warehousing space in units of various sizes which

will be able to accommodate a wide spectrum of

end users. We believe it will appeal to a number of

local businesses and potentially to multi-national

occupiers because of the proximity of Manchester

Airport.”

The site was acquired from Oliver Valves - one of

the world’s leading manufacturers of instrumentation,

subsea and pipeline valves for the global energy sec-

tors. The new project adds to Chancerygate’s current

UK development pipeline of around 2.2m sq ft.

Oliver Valves was represented in the sale by

Gerald Eve while Chancerygate was advised by

Williams Sillitoe. Both agents have been retained as

agents on the new development.

Chancerygate