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HBos deal at Forty Springardens

DATE ISSUED 20/03/2007

In August 2006, HBoS committed to 47,000 sq ft at Langtree Group plc’s Forty Springardens, Manchester.

 

The institutional lease was agreed at £28.00 per sq ft with the bank occupying the fifth to eighth floors, as well as an element of retail accommodation on the ground floor.

 

Martin Mellor, group development director of Langtree says: “Forty Springardens is set in the heart of Manchester’s traditional financial centre and we were very proud to welcome HBoS to the scheme.

 

“Langtree’s confidence in speculative building is demonstrated through the strength of our existing portfolio, we noticed a gap in the market for this kind of Grade A space and then set upon delivering a building which would attract high profile tenants to Manchester, something we have certainly achieved with this site.”

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