Blackmore Group has made a significant move by relocating its headquarters to the XYZ building in Manchester’s Spinningfields district.
This strategic relocation is aimed at accommodating its expanding workforce and enhancing its presence within the fintech and financial services communities.
In a strategic move to accommodate its growing workforce, Blackmore Group has relocated its Manchester headquarters to the XYZ building in Spinningfields. Originally based at 2 Mount Street, the investment company’s 16-strong Manchester team has now settled into a new office on the first floor of XYZ.
The new, more spacious office also allows for Blackmore’s London team to operate when visiting Manchester, highlighting the versatile nature of the new workspace.
The XYZ building is known for its vibrant community, particularly attracting innovators and disruptors from the technology, media, digital, and creative sectors. Blackmore Group’s move places it in close proximity to the Vault, a dedicated workspace for fintech companies within the building.
“Our new base can accommodate more staff and places us in the heart of the fintech and financial services communities of Manchester,” said Managing Director Patrick McCreesh.
This enhanced connectivity is expected to foster greater collaboration and innovation among tenants in the XYZ building.
Founded in 2013 by Patrick McCreesh and Phillip Nunn, Blackmore Group has grown significantly, now managing assets worth £25 million.
McCreesh and Nunn, with over 25 years of combined experience in financial services, have developed a suite of investment products aimed at both individual and institutional investors.
These products include the Blackmore Bond, which funds various residential and commercial property development projects.
Blackmore Group has secured its new office space on a two-year lease. This move signifies the company’s commitment to establishing a long-term presence in the dynamic Spinningfields district.
The XYZ building, covering 65,000 sq ft, is owned by German hedge fund Union Investment.
The XYZ building houses several notable occupants, including Global Radio, Delio, NCC Group, Funding Circle, and Shoosmiths.
This diverse mix of tenants enhances the building’s reputation as a hub for forward-thinking companies.
Joe Averill of OBI Property, the leasing consultant for XYZ, expressed his delight, stating, “We are delighted to welcome another forward-thinking occupier to XYZ Works & Social who are committed to investing in their working environment.”
This strategic relocation is expected to significantly benefit Blackmore Group, offering an improved working environment and increased opportunities for partnership and growth.
The move to XYZ underscores Blackmore Group’s commitment to being at the forefront of the fintech and financial services sectors in Manchester.
The relocation to XYZ marks a pivotal moment for Blackmore Group, providing ample space for growth and fostering connections within a vibrant professional community.
By moving to XYZ, Blackmore Group is well-positioned to leverage new opportunities and drive further success in the fintech and financial services sectors.