Flexible office operator Cubo has taken 16,000 sq ft at M&G Real Estate’s The Lincoln mixed-use scheme in Manchester city centre.
Cubo has signed a 12.5-year lease on the space for its first centre in Manchester. The deal is the first letting at the 102,000 sq ft The Lincoln, which offers Grade A workspace, in addition to retail and F&B space.
The BREEAM Excellent rated building has a sixth floor roof terrace, a yoga and wellness suite, relaxation room, EV charging points and 60 cycle storage spaces.
Marc Brough, CEO of Cubo, said: “Having started in the Midlands and Yorkshire we are now extending our footprint across the whole of the UK. Finding the right location in Manchester has been high on our agenda for some time and The Lincoln meets our requirements perfectly. It offers the high-end, contemporary look and feel that complements our aesthetic within a super prime location.”
Aaron Pope, director of asset management at M&G Real Estate, added: “The development of The Lincoln continues our strategy of creating Grade A, sustainability-led assets of scale in prime locations across the UK. The Lincoln demonstrates our ongoing commitment to Manchester where our assets are attracting strong interest from leading and innovative occupiers such as Cubo, whose decisions are influenced by strong sustainability and wellbeing criteria, enabling us the opportunity to deliver compelling returns for our investors.”
Paddy Kennedy from Colliers, who advised Cubo on the deal, said: “Cubo is a perfect fit for The Lincoln. Following a period of rapid growth, they have quickly established themselves as a leading provider of high-end flex office and co-working space in the UK.
“The fit out and flexibility that Cubo offers will provide an added attraction to occupiers considering taking space in The Lincoln, as not only do they have the flexibility and meeting spaces at their fingertips, but they also benefit from the community feel and life that a well-run flex operator brings to a traditional office building.”
Cushman & Wakefield, Savills and Knight Frank acted for the landlord on the letting.
