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News Release

Manchester

Refreshed 201 Deansgate brought to the market

Office agency teams instructed to let 25,000 sq ft of refurbished space


Manchester, 30 October – The Manchester-based office agency teams of Jones Lang LaSalle and Cushman and Wakefield have been instructed to market 25,000 sq ft  of Grade A space at 201 Deansgate which is to benefit from a comprehensive £1.5m refurbishment currently underway.

The agents will be looking to dispose of two floor plates of 10,000 and 15,000 sq ft in a building that is to be upgraded to include a new remodelled entrance reception, refurbished common areas, shower facilities, new air conditioning and building management system.

The building which sits close to Spinningfields, is owned by AEGON UK Property Fund  and currently lists stockbroker TD Waterhouse and insurer AIG Chartis among its tenants.

The building is also the former home of professional services firm Deloitte.

Chris Mulcahy, director office agency at Jones Lang LaSalle, said: “The proposed works to the building will re-establish 201 Deansgate as a premier property. It has always been a building with excellent fundamentals in place in terms of location and attractive sized floorplates and the 5th floor benefits from an attractive large roof terrace.”

Jonathan Baucher of Cushman and Wakefield, added: “Whilst the market is still challenging, large floorplate, well presented refurbished buildings have continued to be popular in the market and 201 Deansgate fits exactly this profile. The building also has one of the best car parking ratios in the city centre. Interest has already been shown in the building “

The whole programme of refurbishment works will be complete in February 2013 however the office floor themselves will be ready for occupation in mid December 2012.