Urbanbubble expansion sees it move to Sevendale House, Northern Quarter
Manchester based residential property management company urbanbubble announced it has signed a ten year lease on 5,900 sq ft on the first floor of Sevendale House in Manchester’s Northern Quarter and plans to move there in November.
The firm is moving from its current location at Swan Square, Tib Street to accommodate its growing office based team which is expected to more than double from its 28 to 50 in the next four years.
Michael Howard, managing director, urbanbubble said: \\\”We love the North side of the city because of its character, heritage and the edge it has. I am delighted we’ve been able to secure the space in Sevendale House. It is a beautiful piece of Manchester heritage and the work Mark Davies and his team have done to transform it, is simply brilliant. I am chuffed that we are only moving a few blocks from our Tib Street offices in Swan Square and urbanbubble will be calling it home from November, which is when we plan to move in.
“Sevendale House gives us the room we need to grow and we\\\’ll be investing in the space significantly so we make it a comfortable, inspiring and happy place to be, whether you work with urbanbubble or you’re coming to visit. We are exceptionally grateful to Mark Cooke of WHR who represented urbanbubble in finding the right space for our move. The speed, support and insight Mark provided at every step was not only crucial for securing the best space and deal but also took all the pressure of ourselves so we could concentrate on the day job.”
urbanbubble was represented by Mark Cooke at WHR. urbanbubble’s move to Sevendale House means the building is almost fully let with other tenants including Ticketmaster, Liquid Personnel and Code Computerlove. Over five floors, there is now just 2,000 sq ft remaining.
Mark Davies, director of Philip J Davies Holdings plc, the owners of Sevendale House, said: “I am delighted urbanbubble has chosen Sevendale House as its new home, it is great to welcome another Norther Quarter based company to the building. This letting takes us close to being fully occupied, with only two small suites remaining on the 5th floor, following lettings of 63,000 sq ft. It goes to show the demand for high quality office space in the Northern Quarter is there, companies love the location but don’t want to compromise on their office environment – with Sevendale House they get the best of both worlds.”
OBI Property represented Philip J Davies Holdings. Emma Powell, transactions and asset management, OBI Property said: “With urbanbubble moving into the first floor, Sevendale House is almost full and it’s a strong sign of the strength and demand in the market for larger, characterful spaces in the Northern Quarter.”
urbanbubble was set up in 2008 by Michael Howard. Based in Manchester’s Northern Quarter, the company provides a range of services to developers, landlords and residents, with the principle aim of ensuring residential developments are managed and maintained to the highest standards.
urbanbubble recently announced its trading results to year end March 2015 which showed a 62% rise in turnover to £1.7 million (£1.04 million to year end 2014) and operating profit increased from £110,000 (2014) to £213, 500.
The results are underpinned by an organic pipeline of new instructions which averaged at 400 new homes a quarter between 2012 and 2014. The company manages over 6000 homes, equating to 8500 residents, across 90 developments in Manchester and Salford.