As the first tenant to commit to the landmark 13 storey building, KPMG initially agreed to take 63,000 sq ft across the upper three floors. The additional space will see the firm also occupying half of the 10th floor. The firm will also have its own dedicated entrance and reception area on the ground floor.
The deal comes after the firm was handed the keys to the office by developer Elisabeth House General Partner Limited, a joint venture between Argent and Greater Manchester Property Venture Fund. Work is now well underway to fit it out in advance of KPMG’s 700 staff moving in, in late 2014.
Jon Holt, senior partner of KPMG’s Manchester office, said: “We have long been vocal about our strong ambitions for our regional Advisory practice and our risk and management consultancy teams in particular. The extra space at One St Peter’s Square will allow us to press ahead with planned investments in high growth areas such as technology, digital and information protection.”
Jon Holt added: “As we edge closer to our moving in date, excitement is certainly building amongst staff in anticipation of the move. Now the fit out is underway, you really start to get a sense of the sheer scale and the ambition that lies behind the project, not forgetting the awe-inspiring views over the city. We look forward to sharing all this with our clients and colleagues when we open our doors at the end of the year.”
James Heather, partner at Argent, added: “It is extremely exciting to see KPMG move closer to its occupation at One St Peter’s Square. With the recent announcement of FUMO on the ground floor, and the current interest from other occupiers, 2014 is looking to be a hugely successful year for the building - not only from a commercial point of view, but for all parties involved in completing this fantastic and hugely important new development in central Manchester.”
Chris Cheap, director at GVA who advised Argent and GMPVF, commented: “The fact that KPMG has already expanded within One St Peters Square is testament to the unprecedented working environment that the building offers. We are in dialogue with a number of potential occupiers who have identified that not only will the building provide the right long-term destination for their business, but as the market moves into a largely pre-let environment, will also offer the all-important certainty of delivery.”
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KPMG LLP, a UK limited liability partnership, is a subsidiary of KPMG Europe LLP and operates from 22 offices across the UK with approximately 11,500 partners and staff. The UK firm recorded a turnover of £1.8 billion in the year ended September 2013. KPMG is a global network of professional firms providing Audit, Tax, and Advisory services. It operates in 155 countries and has 155,000 professionals working in member firms around the world. The independent member firms of the KPMG network are affiliated with KPMG International Cooperative ("KPMG International"), a Swiss entity. Each KPMG firm is a legally distinct and separate entity and describes itself as such.
This article represents the views of the author only, and does not necessarily represent the views or professional advice of KPMG in the UK.