Sports-fashion retail company JD Sports Fashion recently announced its intention to expand its Bury office space in Manchester.
The sports fashion retailer will be taking on an additional £9,800 square feet in the Castlebrook Business Park’s Balmoral House. Once the deal is finalised, the total amount of commercial office space that the business will occupy will grow to about 55,000 square feet.
Rupert Barron, Manchester office director for real estate services provider Colliers International, issued a statement on the new office space to let, commenting that JD Sports Fashion has agreed to lease the space in Balmoral House for a term of five years. The rent, which will be paid to landlord Aviva insurance, works out to £12.75 for every square foot
Once the retailer moves in, JD Sports will come to inhabit just slightly less than half of Balmoral House, leaving an additional 11,955 square feet available for other prospective tenants. The Manchester office space has available suites starting at 2,895 square feet. Additional car parking still remains on site as well.
In related news, JD Sports made the recent announcement that its sales had risen. The retailer also reported an increase of 36pc in its pre-tax half-year profits, leading to a market-beating £19.4 million. JD Sports also owns the Scotts and Bank fashion chains as well.
JD Sports Fashion’s estates controller Giles Selby commented on the new developments, stating that the firm is quite pleased on their new office space lease. Mr Selby stated that the new Castlebrook Business Park location is of great importance, since the retailer needed office space that was suitable for its growing needs in addition to complimenting the functions of their existing headquarters.