A huge office deal has been completed at Exchange Quay which will see stockbrokers AJ Bell move into offices just shy of 100,000sq ft.
450 staff will relocate from their current base at Trafford House in Stretford to the Number 4 office building off Trafford Road.
It’s the latest high-profile office win for Hunter’s Real Estate Investment Managers, the US giant who own Exchange Quay and spent £10 million bringing it up to scratch.
Hunter’s have added a Post Office, a Costa coffee outlet and Londis corner shop as well as with bringing the six office blocks up to Grade A standard.
The deal almost doubles the 100,000sq ft lettings secured at Exchange Quay in the last 12 months.
AJ Bell was established in 1995 and is one of the fastest growing investment companies in the UK.
It has assets of £28 billion and more than 131,000 clients.
It sponsors the 12-000 seater City of Salford Community Stadium, which is home to Salford Red Devils and Sale Sharks.
The company also owns a specialist financial publishing business called AJ Bell Media in London, as well as a stockbroking business in Tunbridge Wells.
Jeremy Birkett-Jones, investment director at Hunter, said; “AJ Bell’s commitment to Exchange Quay is a real coup for the development and, along with the recent lettings success, demonstrates that the investment programme has succeeded in bringing this extensive development back to life.
“We have listened closely to our occupiers and the market and this has enabled us to create an environment that companies want to be a part of. We are incredibly proud of what has been achieved and look forward to completing deals on the remaining space.”
Andy Bell, chief executive at AJ Bell, continued; “Our growth has been driven by our easy to use low cost investment platform.
“The move to Exchange Quay will provide a modern and vibrant working environment for our people and will support our future growth ambitions.”
The commercial terms of the transaction are not being disclosed.
Exchange Quay’s agents are Canning O’Neill and Savills. AJ Bell was been represented by Altus Edwin Hill.