Health and social care company Bupa has signed a prelet with Peel Group for a major new office in The Regent at MediaCityUK in Salford Quays, as revealed by Estates Gazette in January.
At 145,000 sq ft, the 15-year lease deal is one of the biggest commercial property lettings in Manchester in the past five years.
Construction of The Regent is expected to start in 2016 subject to planning approval. When completed, The Regent will see around 2,000 Bupa staff relocating from two neighbouring buildings.
Bupa UK managing director Richard Bowden said: “We’re very excited about this move to The Regent and pleased that we’ve been able to stay in Salford Quays.
“[The move] will also help us to attain our goal to be more sustainable through energy-efficient design that also supports smart working practices.”
Bupa’s team will now work with its employees and Peel on developing the design and layout of the new space, with a target of moving into The Regent in 2018.
MediaCityUK managing director Stephen Wild said: “The company’s investment in a new building supports our ambitious strategy for the wider MediaCityUK community and will provide a great working environment for Bupa’s staff.
“With more amenities and leisure activities yet to come, MediaCityUK has rapidly become a destination of choice for businesses of all sizes.”
Bupa was advised by Cushman & Wakefield. CBRE is letting agent at MediaCity.
