A litigation funding and insurance specialist has agreed a major South Manchester letting deal.
ME Group is taking 37,900 sq ft of Grade A space at The Lakehouse, Cheadle Royal, and will relocate from Alderley Park, where it occupied 18,000 sq ft. The new deal is a ten-year lease with a break option at the fifth year. The announcement comes after Balfour Beatty vacated the building just 4 weeks earlier.
Rob Cooper, Group Chief Executive for ME Group, said: “Our employment pool is in the South Manchester area and so we were keen to remain in this area, and we are pleased to find a great site which will support the future of our rapidly growing LegalTech business.”
“We have taken the building it in its existing fully fitted configuration and will be appointing a contractor to create an innovative space that will facilitate the significant growth plans we have.”
Chris Bullough, director at Seneca Property Investments, added: “It’s fantastic to be able to welcome ME Group to The Lake House and I’m sure it will prove to be the perfect environment for them to continue their impressive growth.”
“While The Lakehouse has always been a desirable HQ location, this has certainly been enhanced by the opening of the new £290m Manchester Airport Relief Road which is a huge asset to the area.”
Canning O’Neill and Williams Sillitoe – acting on behalf of Seneca Property Investments – secured the let to ME Group.