Rapidly expanding loan provider, Evolution Money has acquired 11,676 sq ft of office space at 9 Portland Street in Manchester city centre. Acting on behalf of London & Scottish Investments, DTZ advised on the disposal of the entire third floor.
9 Portland Street provides 55,000 sq ft of high quality office accommodation specified to a grade A standard and is located a short distance from the heart of Piccadilly. The deal follows hot on the heels of the disposal of floors 5 and 6 to the Gourmet Food Society and SF Group respectively.
Mat Beaver, Managing Director at Evolution commented: “We are excited about the next phase of development of our growth and we feel the high quality accommodation we have secured at 9 Portland Street will give us the platform to achieve our objectives.”
9 Portland Street underwent refurbishment at the end of 2014.
Rob Yates, Office Agency Director at DTZ commented: “We are delighted to have successfully completed this transaction so soon after the refurbishment of the building has completed; it substantiates our view that quality offices in quality locations will succeed. 9 Portland Street is now 56% let and advanced discussions are ongoing with three other parties. The success is testament to the quality of the product created by London & Scottish and their pragmatic can do attitude when interfacing with occupiers.”
DTZ and WHR are the joint letting agents for 9 Portland Street. TFC acted for Evolution Money.