Spaces is understood to have negotiated a deal with BT to take 125 Deansgate in Manchester as a stop-gap before it moves into larger premises. Spaces took the 116,000 sq ft property in June. The companies have reportedly agreed a three-year contract for BT to occupy the entire property with Spaces managing the building. Longer-term, BT wants a property providing between 150,000 sq ft and 116,000 sq ft in the city and is thought to be interested in the Circle Square development, where construction is expected to be completed between 2020 and 2022.
Spaces is understood to have negotiated a deal with BT to take 125 Deansgate in Manchester as a stop-gap before it moves into larger premises. Spaces took the 116,000 sq ft property in June. The companies have reportedly agreed a three-year contract for BT to occupy the entire property with Spaces managing the building. Longer-term, BT wants a property providing between 150,000 sq ft and 200,000 sq ft in the city and is thought to be interested in the Circle Square development, where construction is expected to be completed between 2020 and 2022.