First phase launches at 220,000 sq ft Anchorage office scheme in Salford Quays

Northern European property investment and asset management company Cording Real Estate Group has launched the first phase of offices at Anchorage, a waterside office complex in Salford Quays.

Acquired in 2015 by a joint venture between Cording and HIG Capital, Anchorage houses 220,000 sq ft of office space across four buildings being refurbished on a phased basis.

Current occupiers include healthcare company Bupa, construction firm Morgan Sindall, developer Muse and various others, including government departments.

The first space made available is the top two floors, which total 25,000 sq ft. The space has been refurbished new metal raised access floors, metal suspended ceilings, LED lighting and ventilation.

This summer, Cording plans to carry out a comprehensive upgrade of Anchorage’s large atrium and external areas, with further office space to be upgraded and released over the next 18 months.

This includes the 60,000 sq ft currently occupied by Bupa, which is moving to its new HQ at MediaCity in 2018.

The floors in phase one are being offered by joint letting agents JLL and Edwards & Co.

Cording’s head of asset management and property management, Peter Dove, said: “The relaunch of this landmark development and the capital we are investing reflect our confidence in Manchester and Salford Quays and our ability to achieve excellent sustainability goals.

“This new space provides unrivalled value for money at a discount of 30% to the city centre and for its high specification and waterside views, transport links and car parking.”

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