Lothbury Investment Management Limited has let 3,300 sq ft of office space at Four Hardman Street in Spinningfields, Manchester to UBS AG.
In a relocation from One Marsden Street, the multi-national investment bank and financial services firm headquartered in Switzerland agreed a 10-year lease on 3,300 sq ft on the first floor of the property. This letting comes shortly after the recent 1,800 sq ft letting to McLaren Construction on the fourth floor.
Four Hardman Street is located at Spinningfields, home to more than 165 financial and commercial services organisations, alongside luxury fashion brands, restaurants and bars.
Four Hardman Street comprises a modern 11-storey block with a ground floor restaurant, nine upper office floors and a basement car park. The building is in the Deansgate Conservation Area and is constructed to a high architectural quality. Lothbury purchased Four Hardman Street early in 2014 and has extensively remodelled the property.
Perry Linch, Head of Asset Management at Lothbury Investment Management, said: “This is an excellent letting in a prime location. Four Hardman Street is a highly sought after location offering first class, Grade A office space at Spinningfields.”
Colliers International represented Lothbury; JLL advised UBS AG.
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Lothbury Investment Management Limited is the manager of the Lothbury Property Trust ("LPT") and the Lothbury Global Feeder LP ("LGF") (together, the “Funds”). LPT is a sub-fund of the Lothbury Global Institutional Funds, which is regulated by the Central Bank of Ireland. LGF was established as a limited partnership in Jersey under the Limited Partnerships (Jersey) Law 1994 through the filing of a declaration of limited partnership. The Funds are alternative investment funds (“AIFs”) for the purposes of the Alternative Investment Fund Managers Directive (2011/61/EU) (the “Directive”). LIM has been appointed and acts as alternative investment fund manager (“AIFM”) in respect of the AIFs. For these purposes, LIM is authorised and regulated in the United Kingdom by the Financial Conduct Authority for the purposes of managing unauthorised AIFs (and for various other activities). The Funds are also unregulated collective investment schemes for the purposes of the United Kingdom Financial Services and Markets Act 2000 (the “Act”).
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