Pension Insurance Corporation (PIC), a specialist insurer of defined benefit pension funds, has invested £105 million to forward fund the new 130,900 sq ft net zero in operation office.
Plot 9a is being brought forward by lead developer, Ask and its JV partner, The Richardson Family. The building will have a BREEAM minimum rating of Excellent and is also one of the first offices in Manchester capable of achieving a minimum NABERS Design for Performance rating of 5.5 stars or above.
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It was announced in August last year that the Government Property Agency (GPA) has taken a 25-year lease on the entire building which will accommodate around 2,500 staff. It is expected that £31m in economic benefits will be generated by the relocation from London to Manchester of over 700 civil service roles, which forms part of the Government’s Places for Growth initiative.
The Government Hubs Programme enables the GPA to provide a smaller, better and greener estate which supports the Government’s ambition to reach net zero carbon emissions by 2050. The hubs allow the GPA to create modern, inclusive environments where departments can be collocated in shared buildings across the UK. Supporting Government’s Levelling Up agenda and Places for Growth initiative, encouraging the movement and creation of jobs outside London.
