full screen background image

American giant 3M signs up for Salford’s Exchange Quay

American multinational conglomerate 3M has signed up for a new office deal at Salford’s Exchange Quay.

120 staff will relocate from Great Jackson Street in Castlefield, Manchester.

3M has signed a 10-year lease on the 4th floor of Number 8 tower.

The firm, which manufactures over 55,000 products from Post-it Notes to multimedia projectors, was founded in 1902 and employs over 90,000 people worldwide.

It posted revenues of $30.8bn in 2013.

The move to Exchange Quay follows news last week that latest occupant, the car insurance firm 1ST CENTRAL, was looking to fill 150 new positions at the office complex.

The six office blocks have recently been upgraded to Grade A standard, and owners Hunter Real Estate Management have now completed a £10m revamp of the estate.

Read: ‘Canary Wharf of the North’: £10m Exchange Quay revamp complete

Read: 150 jobs at Exchange Quay as car insurance firm opens new Salford office

Jeremy Birkett-Jones, investment director at Hunter, said; “We have been delighted with the calibre of occupiers we have attracted and retained throughout the programme of works at Exchange Quay and to secure a significant letting from an organisation such as 3M as we launch the completed development is a real coup.

“We have always had confidence that the investment would attract market-leading companies who want high quality office space in a vibrant environment with all the key benefits of parking and connectivity and we look forward to concluding further deals now that we can showcase the development.”

Last year Exchange Quay’s agency team secured 10 deals totalling almost 60,000 sq ft to relocating and existing occupiers including: Beauty Bay, Bo-Concepts, Environmental Resources Management (ERM), Sage, GlaxoSmithkline Research & Development Ltd (GSK), Boxchange Associates, Wurth Electronics, North West Employers, international consultancy RPS and marketing agency K2L.

James Dickinson, Director at Canning O’Neill, saidL “This deal is an excellent example of where Exchange Quay has stood out from its competitors and delivered all the criteria on an occupiers’ wish-list.

“It is an exciting time to be launching the new space to the regional office market, where supply of quality stock is low.

“Hunter has really achieved its goal of breathing new life into Exchange Quay and the investment has future-proofed the development and ensured the attraction and retention of high-profile tenants.”

Agents on Exchange Quay are Canning O’Neill and Savills, Cushman & Wakefield advised 3M.

Facebook Comments

Tom is SalfordOnline.com's News Editor and community co-ordinator.