North West Square | Clothing retailer moves Oakland House
Approximately 18,000 square feet are still available at Oakland House
AM London Fashion will occupy 16,400 m² pi to Regional Reit office building in Old Trafford, leaving City Approach in Eccles.
The fashion The company signed a 10-year lease on the third and fourth floors of Oakland House on Talbot Road.
In another deal, existing occupant PHMG, an audio branding agency, took 11,000 m² ft on the sixth floor. The company originally signed for 5,450 square feet with a 10-year lease in 2019.
Cushman & Wakefield acted on behalf of London & Scottish Property Investment Management, which manages the 163,000 square foot building for Regional Reit.
Regional Reit purchased Oakland House as part of a £ 37.5million portfolio deal with LaSalle Investment Management in January 2016.
Rent for the building is £ 12.50 / m² pi.
Harry Skinner, partner at Cushman & Wakefield in Manchester, said: “These rentals demonstrate that there is still a demand for space in the region for quality buildings that are well served by public transport.
“Oakland House is now almost fully occupied which is a testament to recent improvements the owner has made to the building. “
The building is now 88% leased with 18,541 m² ft of available space, depending on Real estate investment management in London and Scotland.
Savills acted for PHMG and Canning O’Neill for AM London Fashion. Avison Young is Oakland House’s roommate agent.