Wellbeing at Work: Oliver Thomas, OBI Property
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Oliver Thomas of OBI Property gives an overview of the opportunities and challenges facing the property market
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Wellbeing at Work: Oliver Thomas, OBI Property
- 2. REFURBISHMENT / NOT DEMO • Manchester market – filling the void • Common obstacles with existing building stock • Case studies • Tower 12 • 7 Dale house • What’s next?
- 3. FILLING THE VOID • Take-up of Grade A office space - one third of all transactions in 2015 • Grade A office supply has reduced by 60% since the start of 2014 • 2015 commencement of new build office schemes such as; • XYZ Building and No. 1 Spinningfields, • 101 Embankment at Greengate, • 2 St Peter’s Square, • One New Bailey • Big Pre-lets • Prospects for beyond 2017 • Does an exhausted Grade A office supply present an opportunity?
- 4. EXISTING BUILDING STOCK • Common obstacles with existing building stock • Natural light • Floor to ceiling heights • Access • M&E • Listed Status • Impact on proposed building specification • Impacts occupiers ability to fit out
- 5. CASE STUDIES – SEVENDALE HOUSE • SEVENDALE HOUSE • 65,000 sq ft • Grade II listed • Location – Northern Quarter • Dilapidated condition • SUCCESS SUMMARY • Innovative raft design • Central atrium • High spec – challenging the Grade A Market • One of the best performing buildings in recent years • Fully let within 12 months of completion 2014/15
- 7. CASE STUDIES – TOWER 12 • TOWER 12 • 60,000 sq ft • Concrete frame • Location – Spinningfields • Dilapidated condition • SUCCESS SUMMARY • Market leading concept • Exposed services • Fully let prior to completion of refurbishment • One of the best performing buildings in 2012
- 9. WHAT’S NEXT…? • MARKET OPPORTUNITY • Deliver office space in 2016 early 2017 • Occupier demand • Filling the void • OBI PROPERTY • Refurbishments 2016 • Albert Sq Portfolio • 30 Brown Street • Mosley Street Corridor • 67 – 75 Mosley Street • 79 Mosley Street
- 14. WHAT’S NEXT…? Watch this space….! Watchthisspace… 2 St. Peter’s Sq. 79 Mosley Street
- 15. Please speak to us : OBI Property 0161 237 1717 www.obiproperty.co.uk