Doors To Automatic: E-Commerce Helps Airport Property Market Take Off

Manchester Airport Virgin Atlantic

Cheshire-based fashion to homewares e-commerce business The Hut Group is to take 51K SF at Manchester Airport as the South Manchester market takes off.

The signing to the Hut — which comes as GCHQ begin to search for a large site for their new Manchester base — confirms the bounce-back of the once beleaguered South Manchester business park scene.

Manchester Office Agents Forum figures, published in April, showed South Manchester Q1 take-up of 178, up 27% on the same period in 2017.

The deal — the largest yet at MAG Property's Airport City portfolio — means the Hut take 27K SF on a 10-year lease at the 96K SF 4M building next to the airport railway station, and another 24K SF at the Voyager office building, this time with a five-year lease.

“Airport City is able to offer unrivalled scale in a mid-urban setting, being ideally located between Manchester City Centre and Cheshire," MAG Property Chief Executive Lynda Shillaw said.

Last month MAG Property revealed the creation of a new £180M hotel district at the airport, following signings to Ibis and Holiday Inn.

Continue reading this story with a free account

Log in or register
Sign up for more articles like this
Subscribe to Bisnow's Manchester Newsletters
Related Stories

Tishman Speyer Lining Up $340M Refi Of 2.4M SF Chicago Office Complex

Dutch Office Investment Leaps — But The Conversion Play Runs Out Of Road

Cross Ocean Partners, Fuller Realty Acquire 829K SF Houston Office Campus

NYC Office Investor Warns It Could Go Under As Defaults Pile Up

Deutsche Bank Takes 5 Floors At Oaktree And Quadrant's Canary Wharf Scheme

Coconut Grove Office Flipped For $15M Gain After One Year

D.C.'s Office Market Is Getting A Makeover

Oxford Properties Pays $435M For Boston Office Tower, Eyes More Deals

Judge Rules FBI Can't Scrap Maryland Headquarters Plan

EXCLUSIVE: Opal Holdings' Former 700K SF Suburban Chicago Office Campus Hits The Market

Judge Approves $70M Sale Of Philly's Largest Office Complex

Brookfield Offloads 3-Building Silver Spring Office Complex