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Birmingham Post
Birmingham Post
Business
Tom Houghton

Global banking giant HSBC signs office deal at Landmark Manchester development

HSBC has signed a deal to move staff into a new office complex in St Peter's Square.

The banking giant has leased 10,300sq ft of flexible space on the lower floors of Landmark, a building completed last year and owned by Barings Real Estate

Barings entered into a management agreement in January this year with Hana, now part of Industrious, to design, build and operate a 32,000 sq ft premium flexible workspace within Landmark.

HSBC’s lease comprises the majority of the second floor in Landmark and means around 40% of the lettable space within Hana by Industrious at St Peter’s Square is now pre-let prior to its launch in September this year.

Ian Mayhew, managing director at Barings, said: “To have pre-let, in partnership with Hana by Industrious, nearly 40% of the flexible space within Landmark and secured another global occupier is a fantastic result.

"We have attracted six high-profile occupiers since the building completed, five of which having signed up during the pandemic demonstrating the demand for both traditional and flexible high quality office space.

"The flexible offering within Landmark means that we can be truly inclusive and offer solutions to a wide range of office requirements all within a sustainable, first class building in the city’s best location.”

HSBC is the fifth global occupier Barings has secured at Landmark in recent months.

Other deals include securing Allianz Insurance, global professional services firm Grant Thornton and social enterprise Change Please.

They joined global property company JLL which moved its Manchester team to the 10th floor last year.

Leasing agents on Landmark are CBRE, Colliers International and JLL.

HSBC UK was advised by CBRE.

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