Japan Tobacco International (JTI), the world’s third largest tobacco products manufacturer, has signed a 15-year lease at Peel Holdings’ The Alexandra in Salford Quays.
JTI will occupy the second floor, of 12,607 sq ft (1,171 sq m) at the waterside Grade A office building.
The 15-year lease without break incorporates 5 yearly reviews at a net rent of over £16 per sq ft (£172 per sq m).
The deal comes weeks after Marks & Spencer was confirmed as the first tenant in The Alexandra, which now leaves only two floors remaining.
JTI hopes to be operational at the site by February 2003 and hopes to employ more than 100 people there by Decemebr 2003.
The Alexandra is JTI’s first base in the UK.
EGi News 09/12/02
