29 Sep 2022
£105m investment completed
An investment to enable the delivery of the next phase of office development at First Street has been completed by Ask and The Richardson Family with a £105m transaction agreed with Pension Insurance Corporation plc (PIC) which will start on site immediately.
The next phase of development is a 130,900 sq ft Grade A office building which has been fully pre-let to the Government Property Agency (GPA) for their Manchester Hub on a 25-year lease and further expands the First Street neighbourhood.
In alignment with Manchester’s target to become a zero-carbon city by 2038, the next generation office building has been designed for the GPA so it can be operated as a net zero carbon space.
When the Manchester First Street Hub opens in 2025 it will be home to 2,500 civil servants from a number of different government departments, making it one of the largest hubs for cross-government collaboration and operation outside London.