Manchester-based real estate investment and development firm HS Property Group has acquired more than 35,000 sq ft of commercial space on the fringe of Manchester city centre.
The company has purchased 31 Ardwick Green North, a 21,500 sq ft Grade II-listed property in Ardwick, which is home to co-working hub, Use.Space.
HS Property Group has established new headquarters in the building, taking the 1,500 sq ft top floor to provide its growing 21-strong team with a new, high-specification workspace.
Use.Space, established in 2019, provides a variety of flexible working solutions for Manchester freelancers and companies, including meeting and event room hire.
In the same transaction, HS Property Group also acquired a neighbouring building, the 19th-century schoolhouse totalling 14,270 sq ft that will remain occupied by Seventy7 Group, a global media agency.
Both Use.Space and Seventy7 Group will continue to operate from their respective bases, under lease from HS Property Group.
These acquisitions cement HS Property Group’s position in Ardwick, with the company previously residing at the Progress Centre, a former Victorian cotton mill on nearby Charlton Place.
This has been retained and will continue to be operated by HS Property Group as a business centre comprising budget offices, showrooms, storage units and a café.
31 Ardwick Green North is situated adjacent to the proposed £1.4bn redevelopment of the derelict 24-acre Mayfield site, which is undergoing a significant transformation.
HS Property Group’s portfolio in the Manchester area also includes a high specification, mixed-use development on Tib Street in the Northern Quarter.
Guy Horne, co-founder and director of HS Property Group, said: “31 Ardwick Green North marks our third major purchase in Ardwick, where we’d already chosen to lay our roots in 2018.
“Being home to a thriving co-working hub, this was the perfect place for our new headquarters.
“Our investment in this high-specification work environment more than meets the needs of our expanding team. As we enter 2020 and beyond, our partnerships with key local authorities and care partners nationally show no sign of slowing down.
“We will continue to grow and these new headquarters – close to the high profile redevelopment of Mayfield that’s bridging the gap between Piccadilly and Ardwick – provide the very best work environment to help take us on that journey.”
