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11/03/2014

Carillion JV To Develop £56m Grade A Office

Leading integrated support services company Carillion has announced that it will be part of a joint venture that will develop a £56m Grade A office and car park development in Salford’s Greengate Embankment regeneration area.

The joint venture partners are Carillion, Ask Real Estate and Tristan Capital Partners. Carillion will act as the main contractor as well as making an equity investment into the project.

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The site was part of the former Manchester Exchange railway station. Work will start on the 172,640sq ft office and car park development in June with delivery planned for spring 2016.

Salford City Council has signed an eight-year pre-lease on the whole of the first office building and Q-Park has agreed a 35 year pre-lease for the 442 car park.

(CD/MH)

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