4M is hot to Handel for fast growing bank at Manchester Airport

4M is hot to Handel for fast growing bank at Manchester Airport

Handelsbanken has agreed a deal with MAG Developments to double - to 14,318 square feet (sq ft) - the size of its Head Office premises at Manchester Airport. The bank has had a base since in the 4M office building since 2008.

Britain is the fastest growing of Handelsbanken’s home markets with 132 branches nationwide. The bank selected Manchester Airport as the base for further expansion due to its excellent access, enabling the best possible support to the bank’s nationwide branch network.

The new letting sees Handelsbanken take an additional 6,739 sq ft of office space in the 82,000 sq ft 4M office building, which has Grade-A BREEAM Excellent rating. The building is located adjacent to Manchester Airport’s railway station and ground transport interchange, The Station.

A new Metrolink line to the site is also under construction and will provide additional connectivity and access to Manchester Airport and the planned Airport City development. This will complement the hundreds of existing rail, bus and coach services, as well as the international flight network that already serve the site.

Stephanie Mullenger, Property Director for MAG, said: “Handelsbanken is a high calibre international company and we are delighted to accommodate their expansion. The deal also demonstrates our aims with our Airport City proposition. The surface access to the site for staff, in addition to flights, ensures that even before Airport City is developed out, Manchester Airport is already one of the most competitive business locations in the North of the UK. This will be further heightened once the new Metrolink line is completed in the next few years.”

Tracey Davidson, Regional Head of Handelsbanken, based in Manchester comments; “We are delighted with the bank’s expansion here in the UK. Our customers tell us that local decision making, high standards of customer service and our long-term view toward banking for personal and business customers is why they come to us, and thus we continue to expand. This is reflected in the top customer satisfaction rating we have received for the third year in a row in an independent survey* of British banks’ individual and business customers.”

“Our customers are looked after entirely by the branch in their local community. And since head offices exist only to support our branches; Manchester Airport is a great choice for Handelsbanken. The location is logistically convenient with transport links throughout the country and across the world, and is popular with staff due to the amenities and facilities available on site.”

Handelsbanken has over 750 branches in 22 countries and over 11,000 employees worldwide. Founded in Stockholm in 1871, it has been operating in the UK since 1982.

MAG Developments is the property and development arm of MAG, the largest UK-owned airport operator, serving around 24 million passengers annually at its three airports: Manchester, East Midlands and Bournemouth. Its £335million mixed-use portfolio comprises over 200 properties across 5,000 acres, serving more than 850 companies.

MAG Developments is also leading the £650million 'Airport City' project at Manchester Airport, the first of its kind in the UK, and will create five million square feet of new business space and forms the core project of the Manchester Enterprise Zone.

Handelsbanken was founded 140 years ago in Sweden and now has over 750 branches and more than 11,000 employees in 22 countries. Having first established a presence in the UK in 1982, today the bank manages a decentralised network of over 130 branches across the country, with further expansion ongoing. Handelsbanken specialises in providing highly personalised and competitive banking services to both businesses and individuals and has been judged the most cost-effective universal bank in Europe for many years.

CBRE and WHR are the retained agents for 4M.

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