Deal Completion at Corner Block in Manchester

Catella APAM (“APAM”) has completed a deal with Onefile LTD, the learning software specialist, at Corner Block in Manchester.

OneFile will take part of the 6th floor, which comprises 5,090 sq ft of fully fitted workspace, and is also home to Search Consultancy, Arch Europe and Ingenious Legal.

APAM acquired the asset, on behalf of Britannia A/S, in October 2020, and began a refurbishment of the buildings large, open and flexible floorplate which spans six floors.

Located prominently at the intersection of Deansgate and Quay Street in the heart of Manchester and with good access to Spinningfields, Corner Block is surrounded by a number of established occupiers in the tech, digital and creative sectors, with the wider area having evolved into a media hub in recent years.

Andrew Day, Senior Asset Manager at APAM, said: “Following the acquisition of Cornerblock, we have progressed with an extensive refurbishment of the vacant units and amenity provision to bring forward best in class office provision in line with the ongoing market demand for good value, high quality accommodation. It also typifies the ongoing investment we make into our assets throughout the portfolio.

“Cornerblock is well located and is complemented by Sainsburys and Starbucks along with newly installed cycling storage, shower and changing facilities in line with the portfolios ESG strategy.

“The last remaining plug-and-play space available at Cornerblock represents a very exciting opportunity for tenants to occupy space in a newly refurbished scheme alongside a diverse mix of existing tenants.”

Daniel Barnes, Director in the office agency team at Savills, comments: “We continue to see occupiers seeking good quality fully fitted space and APAM have a track record of meeting these occupier demands. Onefile is a great fit in this high quality, modern workspace in the heart of Manchester’s burgeoning digital and tech sector.”

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