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News Release

FEATURE ARTICLE

Ordsall Chord will make Manchester even more attractive to office occupiers & investors

A viaduct which will connect three Manchester railway stations has been approved by the Transport Secretary. Patrick McLoughlin.


​MANCHESTER, 26 MARCH 2015 – A viaduct which will connect three Manchester railway stations has been approved by the Transport Secretary. Patrick McLoughlin. The £85 million Ordsall Chord will link Piccadilly, Oxford Road and Victoria in the city.

In response to the announcement, Chris Mulcahy, office agency director at JLL in Manchester, said: “While news of the northern transport strategy and greater political autonomy for the region are welcomed, these are long-term initiatives. It’s announcements like Ordsall Chord that have a far quicker impact on the property sector.

“Eyes are already on Manchester, and today’s news is another piece of the puzzle in making forthcoming office schemes across the city even more attractive for occupiers, investors and developers. In particular, office schemes such as ECF’s New Bailey and Allied London’s Spinningfields will benefit from the Ordsall Chord. Both are adjacent to Salford Central railway station which will enjoy greater connectivity and capacity. Elsewhere greater capacity into the likes of Piccadilly station will help development activity around Mayfield.

“On a day to day basis the increased capacity that The Ordsall Chord will facilitate will allow more staff to commute into the city. More staff and talent is a factor in attracting more inward investment occupiers. Manchester will undoubtedly be seen as even more attractive as a preferred location to occupiers which improves the economic performance of the region as a whole.

“Last year, Manchester secured the largest total volume of take-up of office space among the Big Six regional cities, with a total take up of 1,327,000 sq ft. Major infrastructure improvements will keep the city ahead.”