The multi-national, and multi-billionaire global investment management group, Barings, has signed a management agreement with flexible workspace group, Hana, at its Landmark office development in Manchester’s St Peter’s Square.
Hana, who are a subsidiary of the CBRE Group, will design, build and operate the flexible space called ‘Hana at St Peter’s Square’, which is expected to open in mid-2021.
The newly signed agreement will see Hana open its second location in Manchester totalling approximately 32,000 sq ft at Barings’ award-winning 180,000 sq ft development in the heart of Manchester City Centre.
Commenting on the agreement, Paul Nellist, EMEA Managing Director, Hana said; “We could not be more excited to be partnering with Barings, an innovative institutional landlord at a Class A building that provides the amenities occupiers desire.
“This is another great example of how Hana partners with forward-thinking landlords to manage their flexible space. Additionally, we continue to see strong demand in Manchester from occupiers to add greater flexibility to their real estate portfolios. This comes as no surprise due to the city’s diversity of industries, plethora of cultural attractions and appeal to investors.”
Since its launch by CBRE in the UK in 2019, Hana has gone on to operate a few London locations and will also open its first Manchester facility later this month.
Barings’ Landmark Manchester is an impressive multi-occupant building that boasts a series of important facilities for existing and future tenants, including the introduction of contactless technologies enabling touch-free movement within the building, as well as fully equipped locker rooms with showers, electric car charging stations and more.
In a statement released earlier, Ian Mayhew, Managing Director at Barings, said: “We are incredibly proud to be partnering with Hana, a brand which aligns perfectly with our design strategy and focus on delivering a world-class business environment.
“We recognise that flexible working is effective at every level of a business from individuals to multi-national corporations and in partnership with Hana, we look forward to providing this service within Landmark. Hana’s workspace experience, which includes conference and meeting room facilities and a coffee bar, will also be attractive to occupiers within the rest of Landmark, enabling them to easily flex their space requirements up or down in response to increasingly dynamic business needs.”
Since opening, Landmark has received overwhelming support from Manchester City Council as the concluding project for the prime St Peter’s Square business district.
Ian adds: “We are experiencing significant interest in the remainder of the building from several potential occupiers and we look forward to making further announcements in due course.”