In a significant move for the advanced computing sector, Arm has secured a substantial office space deal in Manchester city centre.
The deal, involving three floors at a new landmark development, marks the largest lease in the city in the past two years.
A Landmark Deal
Arm has finalised a major lease agreement with Relentless Developments. The semiconductor and software design company will occupy 68,860 sq ft over floors three, four, and five at No.1 St Michael’s. This deal is noteworthy as it represents the largest lease in Manchester in two years.
Strategic Growth in the North
The move to St Michael’s from their current premises at 11 Portland Street is a strategic decision by Arm. It aligns with their plans to expand their footprint in the North. The new high-quality office space at St Michael’s will support Arm’s continued growth and innovation.
A Hub for Prominent Brands
The building is designed to be the first fully Net Zero Carbon commercial development in Manchester. It promises to set world-leading standards in both sustainability and wellbeing.
Developer’s Perspective
The development is progressing rapidly, and the addition of Arm as a tenant is a testament to its appeal.
Arm’s Commitment to Wellbeing
Campbell stated, “St. Michael’s combines a modern location with a rich heritage, prioritising sustainability and wellbeing, much like Arm. We look forward to supporting the Manchester community.”
Support and Representation
The collaboration between these parties was essential in reaching an agreement that benefits all involved.
Arm’s lease of three floors at St Michael’s is a significant milestone for both the company and the Manchester commercial property market.
This move exemplifies strategic growth and highlights the growing importance of sustainability and wellbeing in office developments. Arm’s new office space is set to support their continued innovation and presence in the North. The addition of prominent global brands to St Michael’s underscores the development’s status as a hub for leading firms.