Richardson in JV to forward fund 100 Embankment office development

19th March 2018

Tristan Capital Partners, Ask Real Estate and the Richardson family have agreed to forward fund with Salford City Council.

Like the neighbouring 101 Embankment, headquarters for Swinton Insurance Group, the 166,000 sq ft 9-storey 100 Embankment is located on the site of Manchester’s historic Exchange Station, overlooking the city’s cathedral.

The project is scheduled for delivery in early 2020.

New grade-A office space is scarce in Manchester, with the majority of large developments scheduled for completion in mid-2019 or later.

John Hughes, managing director of Ask Real Estate, said: “Our commitment to working in collaboration with both our public and private sector partners has resulted in the creation of a new prominent location for business, helping Salford City Council to meet their ambitions to bring high quality office accommodation with unrivalled amenity and public transport connections to this part of Greengate.”

 

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