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City Tower tenants pay £25 per sq ft

city-tower-THUMB.jpegSchroders has signed two new tenants at rents of £25 per sq ft at City Tower in Manchester.

The rents are the highest achieved in the building. Energy procurement services provider LG Energy has taken 3,549 sq ft on a 10-year lease and cloud payment service provider Access Pay has taken 2,759 sq ft on a six-year lease.

Schroders is about to commence a major refurbishment of the ground floor atrium and reception area along with a rolling office floor refurbishment programme.

The 350,000 sq ft office tower was bought by Schroders from Bruntwood in May last year for £132m.

Colliers International is leasing agent at the building.

david.hatcher@estatesgazette.com

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