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News Release


TalkTalk and Home Office agree huge Soapworks lettings

A total of 160,000 sq ft of space at the Soapworks scheme in Salford Quays has been let by TalkTalk and the Home Office.

TalkTalk has agreed to take 106,000 sq ft on a 15-year lease, which global asset manager the Carlyle Group reported is the second largest deal in Salford Quays since the BBC announced its relocation to MediaCity in 2007.

The broadband provider, which originally took 20,000 sq ft at the Soapworks on a ten-year lease in October 2014, will consolidate its entire North West presence into Salford Quays.

This comes hot on the heels of the Home Office taking 54,000 sq ft on a ten-year lease. The government department will relocate its operations from premises across Greater Manchester including Manchester Airport to sit under one roof, with the move due to take place in June 2016.

The Carlyle Group is developing the Soapworks in a joint venture with Nikal and Abstract Securities. The partners were advised on the deals by Chris Mulcahy, director at JLL.

Ben Du Boulay, director of the Carlyle Group, said: "When we commenced the redevelopment of the former Colgate factory in Salford, we were confident that there was a strong latent demand from regional occupiers across both the public and private sectors for high-quality office space, particularly if it was located in such an iconic an historical building as Soapworks. Both lettings are a significant endorsement of that belief."

Nigel Sullivan, group HR director at TalkTalk, said: "The offices in Soapworks will be fantastic for TalkTalk. As a technology company, it's important that our working environment reflects our digital first culture.

"It's exciting to be moving to a building that offers best-in-class facilities and will be a great investment in Manchester."

Phases one and two at Soapworks total approximately 230,000 sq ft, while phase three can bring forward up to 160,000 sq ft.