BUPA development at MediaCityUK
The Cushman & Wakefield UK Business Space team successfully advised Bupa on a new 15-year development agreement with The Peel Land & Property Group to lease ‘The Regent’ to be built at MediaCityUK in Salford Quays, Greater Manchester.
At 145,000 square feet, this is one of the largest and most important commercial occupier property lettings in Manchester in the last five years.
Construction of the new space should start in 2016 subject to planning approval and, when completed, will see approximately 2,000 Bupa people relocate from two neighbouring buildings.
Bupa’s team will now work with its employees and Peel on developing the design and layout of the new space, with a target of moving into The Regent in 2018.
The deal reflects the growing appeal that MediaCityUK now has to both large and small businesses, as well as residents and students.
“We’re delighted to have secured this new building for Bupa, which strengthens their long term relationship with Peel and will provide them with modern flexible ‘grade A’ accommodation securing the future operation of the business in Salford.”
Adam McMillan, Partner, Cushman & Wakefield