Good Logistics Group Takes 3,280 Sq Ft At Four Hardman Street, Manchester

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Real estate investment manager, Lothbury Investment Management, has let 3,289 sq ft of office space on the fourth floor of Four Hardman Street to Good Logistics Group on behalf of Lothbury Investment Management on behalf of Lothbury Property Trust.

Good Logistics Group, an award-winning provider of a full range of logistics and shipping services, will be relocating 50 employees from its current Cardinal House, St. Mary’s Parsonage, Manchester location in early 2023. The new occupier will be taking on a 10-year lease with a five-year break at Four Hardman Street as it seeks to expand its operations across the north west.

This follows on from the recent lettings at the building to HGF on part of the sixth floor (3,754 sq ft) and SYSTRA on the fifth floor (5,880 sq ft).

Four Hardman Street, which Lothbury has recently fully refurbished, is a striking 10- storey office building offering Grade A accommodation in the heart of the Spinningfields Estate, one of Europe’s most successful mixed-use real estate developments. The area extends to approximately 4.5 million sq ft and is home to over 170 commercial organisations including RBS, PWC and Barclays and is home to over 1,000 office workers. In addition, there are over 400 residential apartments together with 50 shops, bars, and restaurants.

Alastair Dewar, asset manager at Lothbury Investment Management, said: “Four Hardman Street is located in the Deansgate Conservation Area and constructed to a high architectural standard. Lothbury has undertaken significant internal and external refurbishment of the building to create one of the most highly sought-after Grade A office assets in the region and which is continuing to attract prestigious, long-term tenants.”

Dan Margolis, Senior Surveyor in the National Offices team at Colliers commented: “Four Hardman Street offers premium office space, perfect for ambitious firms who are seeking a workspace in Spinningfields, or larger companies looking for a destination in Manchester’s premier business district. We are confident that the move will create an excellent new working environment for everyone at Good Logistics Group, offering employees more than just a 9-5 work location.

“Whether potential occupiers require a new office for an expansion, relocation or merely a fresh start, the second, part of the fourth and part of the seventh floors are still available at Four Hardman Street in this vibrant part of Manchester city centre.”

Lothbury was represented by Colliers.

Important notice

This is the website of Lothbury Investment Management Limited of 1 Angel Lane, London, EC4R 3AB, United Kingdom, a company registered in England with registered number 04185370. Lothbury Investment Management Limited (or “LIM”) is authorised and regulated by the Financial Conduct Authority in the United Kingdom.

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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