Friends Ivory & Sime - Manchester, King Street

Date: 05 Apr 2000

FISPAM (Friends Ivory & Sime Property Asset Management) has let the 9th floor at 82 King Street, Manchester extending to 562 sqm (6,046 sqft) to Merrill Lynch, this leaves only 501.7 sqm (5,400 sqft) available on the 10th floor.

82 King Street, comprises 7,664.4 sqm (82,500 sqft) of top quality office space and occupies a prime location in the heart of Manchester's business community. It is already home to Bank of England, Chubb Insurance of America and NM Rothschild & Sons.

The Manchester office forms part of a major expansion of Merrill Lynch's private banking business in the UK. The firm has existing operations in London, Edinburgh and Newcastle and plans to open further offices in Dublin, and Leeds.

"We are extremely pleased with these premises. They are of an exceptional standard and well located as a focus for our activity in Manchester and the surrounding areas", said Anthony Cooke-Yarborough, Director of Merrill Lynch International Bank Limited, who will be leading Merrill Lynch's private client business in the North West. "These are exciting times: we had planned to extend our operations into this region by 2000 and we are on track to achieve our target. This property is a crucial element of our plan for the North West, it will represent a very strong foundation on which to build and we are looking forward to developing our presence here and to working with people in the area."

Letting agents advising FISPAM were GVA Grimley and Knight Frank represented Merill Lynch in the negotiations.

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