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Four Hardman Street is owned by Lothbury Property Trust. Credit: PNW

The engineering consultancy has signed a 10-year lease for an office on the fifth floor of Four Hardman Street.

Systra’s new space is 5,880 sq ft and, starting in September, will be home to 60 staff members. The employees will move to the Spinningfields Estate building from City Tower by Piccadilly Gardens. Its lease includes a five-year break and is for £34/sq ft.

Systra chief executive Nick Salt praised the new office.

“The new office space in Manchester underpins our commitment to providing a flexible working approach for colleagues which incorporates office environments that inspire collaboration and in-person teamwork,” he said.

“The open plan office space is full of natural light with modern facilities including bike storage, showers, space dedicated to breakout and wellbeing, and is in a vibrant part of the city with access to public transport and an incredible array of local amenities.”

Four Hardman Street is owned by Lothbury Property Trust. Lothbury Investment Management manages the property on behalf of the trust.

Systra’s lease at Four Hardman Street is the second for the building in the past few months. Intellectual property law firm HGF took over 3,754 sq ft on the building’s sixth floor in May in a five-year lease.

“We are delighted to have completed these two lettings to tenants with a first-class pedigree,” said Alastair Dewar, asset manager at Lothbury Investment Management.

“Four Hardman Street is a landmark office building within Spinningfields and these lettings reflect a buoyant market and the revival of demand for Grade A office space in the region.”

Colliers and Savills acted for Lothbury on both leases. JSF Property represented Systra and Gerald Eve acted for HGF.

Colliers’ Dan Margolis said: “Following [Four Hardman Street’s] recent state-of-the-art refurbishment, the building is a target for companies seeking immediately available space and is attracting workers back into the office with its striking and high-quality accommodation.

“The two recent lettings in this building are testament to the confidence in the North West office market.”

Is it really 4.5m sq ft?

Thanks for spotting this. The Spinningfields Estate is 4.5m sq ft, not the building! Have fixed. – Julia

Mark O’Mullane has been recruited from Lothbury Investment Management to join the urban regeneration company.

Ongoing efforts to improve safety standards have seen Intelligent FS secure a £3.5m contract to reclad Milliners Wharf in Manchester, while Morgan Sindall could face a £50m repairs bill.

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