Together with JV partner, Moorfield Estates Group, Alliance identified and acquired the South Manchester business estate Towers in 2011. It implemented a comprehensive refurbishment programme throughout the 19-acre estate, including landscape and improvement works on the nine office buildings, totalling 290,000 sq ft.
Under the new ownership and management of the estate, the team took an innovative approach and rebranded the development introducing their enjoy-work programme with community and it’s heart and the objective to maximise the outdoor space available at the business park. The team worked closely with local business and the retail community to improve the amenities on offer to tenants and set up initiatives for the Towers’ community to engage with and improve their work life balance. The programme was a great success and was key in both attracting high calibre new tenants and sustaining the low vacancy rate of resident companies at the site. Completed deals in the first 18 months comprised a total square footage of 120,098 sq ft, which is 42% of the space at Towers.
Towers is currently occupied by high-profile tenants including British Airways, John Lewis, SPX, Honeywell and Cisco.
“We are delighted to be in partnership with Property Alliance Group, who have shown a genuine hunger for opportunistic investment and development and demonstrated their strengths with a full spectrum of successfully completed schemes.”
Marc Gilbard, Chief Executive of Moorfield Group
Shortlisted for 'Deal of the Year'