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MANCHESTER-All five office buildings in the Adlington Court office development in Poynton, South Manchester, have been leased to a specialist division of advertising agency McCann Erickson. The five buildings, arranged around ac ourtyard with 77 car parking spaces, habe nee let for a 15-year term with a break at ten years. The rent has phased increases but averages a little under £13.00 ($18.50) per sf.

According to letting agent Paul Codling at Lambert Smith Hampton, this letting provides a major boost for the South Manchester market and proves that any talk of a slump in the region is premature.

‘Significantly, this deal brings take up for the third quarter of the year to the half million sf mark, close to where we were this time last year.’ Said Codling. ‘It is further evidence, if any were needed, of the success of skilful speculative development despite the current uncertainty and apathy of the market.’

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