Major Office Letting
25 August 2011 - 4:11PM
UK Regulatory
TIDMMAX
Max Property Group Plc
Major office letting
Max Property Group Plc ("Max") today announces the letting of the 30,000 sq ft
Brabazon House at Concord Business Park, South Manchester, to Shell UK in one of
the area's most significant lettings in recent years. Shell has taken a ten
year lease with a break option at year five.
Concord Business Park is located near Manchester Airport and comprises 124,000
sq ft in five buildings. Shell joins Serco who leased Maple House (25,000 sq
ft), accountants Trevor Jones who moved into Rowan Court (18,000 sq ft) and
ThyssenKrupp Elevator UK who took Caravelle Court (11,000 sq ft), all of whom
have relocated to Concord within the last 36 months.
Savills and GVA Grimley acted for Max and Jones Lang LaSalle acted for Shell.
For Max's investment advisor, Prestbury Investments LLP, Ben Walford commented:
"We are thrilled to be bringing another outstanding occupier to Concord,
reinforcing it as one of South Manchester's most attractive and competitive
occupational locations. We now turn our attention to refurbishing the final
vacant building on the park, the 40,000 sq ft Dakota House, and bringing the
space to the market as soon as possible."
Rachel Halley commented for Shell:
"Max Property Group were a pleasure to deal with and ensured a smooth
transaction. We are looking forward to moving into our new offices next year."
25 August 2011
ENQUIRIES:
Prestbury Investments LLP Tel: 020 7647 7647
Mike Brown
Ben Walford
Shell Tel: 020 7934 8698
Jennifer Marsden
College Hill Tel: 020 7457 2020
Mike Davies
Helen Tarbet
Morgan Stanley (NOMAD) Tel: 020 7425 8000
Edward Knight
Oriel Securities (Joint Broker) Tel: 020 7710 7600
Mark Young
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Max Property Group plc via Thomson Reuters ONE
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