Global chemical company BASF is set to move its UK headquarters to Stockport town centre, after signing to take 21,500 sq ft at Muse Development’s 2 Stockport Exchange.
The six-storey, 61,500 sq ft building is expected to complete in February 2020, with BASF looking to move in later in the year.
EG reported in May last year that BASF was looking at taking up space at the Muse development.
Later in the year, EG also revealed that Los Angeles-based Cloud Imperium Games had pulled out of a deal to buy German chemicals giant BASF’s UK headquarters, citing Brexit as a key factor.
BASF has been operating in the UK since 1880, with 13 locations across the UK.
Richard Carter, managing director of BASF in the UK and Ireland, said: “We are looking forward to moving our UK headquarters from Cheadle to this exciting new ‘connected’ location later this year. Our new office space in Stockport Exchange will feature open and collaborative workspace to enable new and more agile ways of working.
“The move is part of an ongoing Future of Work project which will deliver a better workplace experience through improved digitalisation, increased flexibility and empowered leadership.”
Cushman & Wakefield and CBRE are appointed as joint agents for the scheme.
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