Sportswear retailer Nike has taken 37,456 sq ft of office space at lakeside 500, Cheadle Royal, south Manchester. The company paid the landlord, Pheonix Life, £18.50 per sq ft for the Grade A office building. The transaction is the largest letting of existing space in s David Thwaites, of joint letting agent LSH, said: “A deal like this shows that despite the economy occupiers are still looking for space.” Andrew Gardiner, DTZ, said: “This is an excellent deal for Cheadle Royal and proves that high-quality buildings remain resilient in all economic conditions.”
Sportswear retailer Nike has taken 37,456 sq ft of office space at lakeside 500, Cheadle Royal, south Manchester.
The company paid the landlord, Pheonix Life, £18.50 per sq ft for the Grade A office building.
The transaction is the largest letting of existing space in south Manchester for a number of years.
David Thwaites, of joint letting agent LSH, said: “A deal like this shows that despite the economy occupiers are still looking for space.”
Andrew Gardiner, DTZ, said: “This is an excellent deal for Cheadle Royal and proves that high-quality buildings remain resilient in all economic conditions.”
laura.mcbride@egi.co.uk
