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BAM put Salford Metro office block on market for £19.2m


BAM Properties have put the fully-let Metro office building on the market for £19.25m.

The 72,500sq ft five-storey block sits next to the Exchange Quay Metrolink stop on Trafford Road in Salford.

It comes after German shipping line Hamburg Süd took the last remaining 17,700 sq ft floor on a 10-year lease.

The letting follows BAM’s own decision to relocate its North West office to Metro by taking the second floor, also comprising around 17,700 sq.ft.

The other occupiers of this Grade A office building are Sinclair Knight Merz and Insight Direct.

Paul Smith, BAM Properties northern development manager based in Salford, said: “It is particularly gratifying to have secured the letting to Hamburg Sü̈d against a strong short list of alternative sites that were under consideration.

“Hamburg Sü̈d has a long standing association with Salford Quays with links back to Manchester Liners and Furness Withy and we are delighted that Metro will now play a part in this important heritage.

“It is also great that we will be relocating to a building developed and built by our colleagues in BAM”

Joint letting agents CBRE and Canning O’Neill acted for BAM Properties and Altus Edwin Hill represented Hamburg Süd.

BAM Properties is now offering the resultant investment for sale for offers in the region of £19.25m to achieve a net initial yield of 7.5% through agents JLL.

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