Industrials REIT welcomed to Stockport Exchange

14.11.22 2 min read by Ryan Devlin

Industrials REIT (MLI.L) has signed a deal to take 4,327 sq ft at our award-winning business district, Stockport Exchange, for its northern headquarters.

Its new HQ at 2 Stockport Exchange, will house the company’s 26-strong team, as well as act as a regional hub for the broader business. Industrials REIT is an established real estate investment trust (REIT) and one of the UK’s leading investors and operators of multi-let industrial properties, with a portfolio of 103 estates serving the country’s main urban centres.

2 Stockport Exchange sits next to the highly successful 1 Stockport Exchange and is also home to BASF and O’Neill Patient.

Contractor, Galliford Try, is already on site with our latest phase, which will bring forward another stunning 64,500 sq ft office building, complete with a beautiful communal roof terrace.

Alongside the new office space will be a 399-space multi-storey car park, which will have 24 EV charging points, solar panels and a living wall, which will increase the sustainability and biodiversity credentials of the car park, and the local area.

The £145m Stockport Exchange regeneration, that we’ve been delivering with our partners at Stockport Council, forms a key part of Stockport Mayoral Development Corporation’s £500m Town Centre West masterplan that will deliver over 4,000 new homes, alongside major transport and infrastructure improvements, offices, leisure spaces and amenities to the town centre.

Tom Webber, senior development surveyor, said:

We’ve got real momentum here in Stockport and to exchange a deal for Industrials REIT to join this growing community here is a proud moment for all involved. It’s also a resounding endorsement of our collective vision with the council.”
Through our long-standing and strong partnership with the council, we’ve continued to drive inward investment into the town centre that’s creating a real positive legacy to benefit the community for the long-term. Stockport Exchange is a stunning destination with unrivalled connectivity and we’re proud to be playing a part in the town’s future success through the Mayoral Development Corporation.”

Cllr Colin MacAlister, cabinet member for economy and regeneration at Stockport Council, said: “Stockport Exchange continues to be a huge success and is attracting high quality businesses from a variety of sectors who all see the value of locating their business in Stockport.

“Our vision for the town centre is really taking shape – Stockport Interchange is well on the way to completion, the redevelopment of Weir Mill is getting underway to provide much needed, good quality homes and Merseyway is currently undergoing a number of improvements. I look forward to welcoming Industrials REIT to Stockport Exchange in the near future.”

Paul Arenson, CEO at Industrials REIT said “Our dedicated regional office in Stockport is of vital importance to our ability to deliver a quality service to our customers and source regional investment opportunities. Stockport Exchange’s BREEAM Excellent sustainability credentials and its excellent connectivity, both by road and its adjacency to Stockport train station, were both important considerations in making our choice. We are looking forward to fitting out the space, mirroring the recent upgrade to our main HQ in London, providing our own creative and agile working environment which is enhanced by the building’s central amenities.”

Lord Kerslake, chairman of Stockport MDC, said:

Not only has Stockport Exchange created a new attractive gateway into the town centre from Stockport station, it continues to reinforce its appeal as one of the most exciting business districts in the North West, bringing investment and new jobs. Already one of the country’s best-connected business locations, the Town Centre West masterplan will see further enhances to connectivity across the region, from green travel routes to a new Interchange development, ensuring Stockport will remain an unrivalled business hub for Greater Manchester for generations to come.”

For more information about Stockport Exchange, visit www.stockportexchange.co.uk

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