Industrials REIT welcomed to 2 Stockport Exchange
04/05/23
Industrials REIT, the UK multi-let industrial property company, is the latest business move in to 2 Stockport Exchange, the North West’s most accessible business location. They were visited by Cabinet Member for Economy and Regeneration, Cllr Colin MacAlister at their striking new offices and welcomed to the popular business hub. Industrials REIT will join a stable of high-profile businesses already reaping the benefits at 2 Stockport Exchange, including global chemical company BASF, O’Neill Patient and musicMagpie.
The new HQ will house the company’s 32 strong team based in Stockport, as well as act as a regional hub for the broader business. Industrials REIT is one of the UK’s leading investors and operators of multi-let industrial properties, with a 7.1 million sq ft portfolio comprising 104 estates serving the country’s main towns and cities. It has taken 4,327 sq ft at the award-winning business district, reinforcing the company’s commitment to its footprint and operations in the region.
The striking 61,500 sq ft six-storey building sits next to the highly successful 1 Stockport Exchange. Once complete, the wider Stockport Exchange development will have delivered up to 375,000 sq ft of office space and 28,000 sq ft of commercial retail and leisure floor space.
The £145m Stockport Exchange development is being delivered by Stockport Council, and Placemaker Muse and forms part of Stockport’s Town Centre West £500m regeneration masterplan, being delivered by Stockport Mayoral Development Corporation (MDC), alongside it’s public and private partners. The 130-acre site will bring over 4,000 new homes, alongside major transport and infrastructure improvements, Grade A office space and new leisure spaces and amenities to the town centre.
Stockport Town Centre is undergoing a £1bn transformation, with the council’s ambitious regeneration plans at the heart of this. In the last 12 months, a record number of projects got underway, reinforcing Stockport Town Centre’s reputation as one of the prime business locations in Greater Manchester, attracting new business, creating new jobs, skills and growth opportunities.
With work on the Transport Interchange now well underway, as well as improvements to Merseyway and plans for a new Innovation Centre recently announced, confidence in the town remains high, with high street names like IKEA, who have just opened in the town centre, also giving their endorsement.
Cllr Colin MacAlister, Cabinet Member for Economy and Regeneration at Stockport Council, said: “I was delighted to meet with Industrials REIT at their stunning new offices at Stockport Exchange and welcome yet another businesses to the popular development. We are continuing to attract high calibre businesses to the town who are looking for an easily accessible location with great town centre amenities on their doorstep. With a number of key projects coming to fruition very soon, there’s never been a better time to live or work in Stockport.”
Tom Webber, senior development surveyor at Muse, said: “We’re delighted to officially welcome Industrials REIT to Stockport Exchange and hand over the keys to their new home. Having an organisation like Industrials REIT join our connected business community here in the heart of the town centre, is a resounding endorsement of our collective vision with the council of building a brighter future, together.
“We’ve been working with the council for 10 years to create a catalyst for positive change to benefit communities all across the town. We’ve continued drive inward investment into by creating a stunning gateway destination at Stockport Exchange and we’re proud to be playing a part in the town’s future success through the Mayoral Development Corporation.”
Paul Arenson, CEO of Industrials REIT, said: “Our presence in Stockport is central to the company’s long-term success, as it allows us to have a conveniently located hub to access and service assets and customers in the region. We have continued to grow our senior team here in recent years across critical business functions, including technology, finance, asset management and leasing, reflecting the local talent available with deep knowledge of the regional market. I am confident that our new office will help us grow Industrial REIT’s business and improve customer experience.”
Contractor, Galliford Try, are currently on site with the latest phase of regeneration which will bring forward a further 64,500 sq ft Grade A office building and a 399-space multi-storey tenant car park with 24 EV charging points and solar panels.
