Relentless Developments has signed a major deal with UK tech giant Arm to expand its presence in Manchester city centre.
The deal secures the largest letting to-date at the £400m landmark development – and the largest in the city in two years – with Arm set to occupy 68,860 sq ft of space across floors three, four and five at No.1 St Michael’s. This sees the company more than double the size of its current 29,000 sq ft Manchester office.
The move from the current premises at 11 Portland Street into the larger, high-quality premises at St Michael’s forms part of the advanced computing firm’s strategic plans for growth in the North. The company, which provides processor design and software platforms, boasts an international property portfolio of 27 offices across 16 countries.
$140bn-valued Arm is a giant of the UK tech world, and joins a raft of prominent global brands that are set to call St Michael’s home including financial intelligence firm, S&P Global, and international law firms, Pinsent Masons and Hill Dickinson.
No.1 St Michael’s is expected to be the first fully Net Zero Carbon commercial development in the city, both in operation and delivery. Comprising nine floors of best-in-class office space and a Japanese-Peruvian rooftop restaurant from Chotto Matte, it is set to achieve world-leading standards in sustainability and wellbeing.
Gary Neville, director at Relentless Developments, said: “This is an incredible deal with a hugely innovative, global leader in technology – not only is it our largest letting but it’s largest in the city for two years. This perfectly sums up the momentum that’s rapidly building here at St Michael’s as construction continues at pace. We’re looking forward to welcoming the team from Arm and being part of their future plans for growth.”
Gary Campbell, EVP, central engineering at Arm, said: “Arm deeply values creating environments that empower our people to do their best work. St. Michael’s not only brings a modern location with a rich heritage, but like Arm, prioritises sustainability and well-being. The Arm team looks forward to continued support of the Manchester community.”
At the time of writing, Arm’s representatives were unable to clarify whether Arm would expanding its headcount in Manchester in tandem with its growing footprint.
