A Property Management Agent for Lot 1, 2 New Bailey Square and Lot 2, 100 Embankment

Background

The appointment of a property managing agent will be for the provision of services for 2 New Bailey Square and 100 Embankment, Salford 3 and 100 Embankment.

2 New Bailey Square

2 New Bailey Square is comprised of 188,000sq ft of grade A office across ten upper storeys together with ground floor retail/leisure space. Tenants of the building also benefit from access to a communal roof terrace and a basement car park. Two occupiers, Eversheds Sutherland LLP and Berrymans Lace Mawer LLP have between them committed to occupy six and a half of the ten floors and marketing continues to identify occupiers for the remaining space.

100 Embankment

100 Embankment is the second and final phase of the Embankment development and is located alongside 101 Embankment which was completed in 2016. The property sits on a podium deck within which is a 455 space Q-Park and a Sainsburys convenience store. Adjacent to the development is the Greengate link forming the main route between Manchester city centre and the expanding Greengate residential area. Embankment is a nine storey 166,000sq ft grade A office building, phase 2 of the Embankment development. Practical completion is forecast for May 2020 (subject to change). The Council is forward funding the development and will own the completed building. The appointment will be for the management of 100 Embankment only, there will be no other properties or estate common parts forming part of the instruction.