Trowers & Hamlins has advised BT on a landmark deal with the English Cities Fund at the New Bailey development in Manchester.
BT have committed to a 20 year lease of the building, to be known as Four New Bailey, which will provide 175,000 sq ft of office space and become a base for up to 2,000 people.
The transaction is seen as major confidence boost not just for the Greater Manchester region but also for the wider offices market, which is going through a major transformation as a result of the COVID pandemic. BT’s multi-million pound investment underpins its belief that high quality office environments will continue to play an important role in workplace strategy in the future.
Trowers & Hamlins team included Ben Neary (Picture), Julien Allen, Anna Metham, Tom Craig, Tom Holroyd and Emma Wright.
Involved fees earner: Julien Allen – Trowers & Hamlins; Tom Craig – Trowers & Hamlins; Tom Holroyd – Trowers & Hamlins; Anna Metham – Trowers & Hamlins; Ben Neary – Trowers & Hamlins; Emma Wright – Trowers & Hamlins;
Law Firms: Trowers & Hamlins;
Clients: BT (British Telecom);