Business

Some of Manchester’s best city centre office spaces have just become available

Discover your business's new home in Manchester's sought-after M3 postcode just steps from Spinningfields.

The Manc The Manc - 16th November 2023

Manchester’s bustling city centre, known for its dynamic business environment and cultural vibrancy, welcomes a new opportunity for businesses looking to make a statement.

Nestled next to the iconic Spinningfields, a range of office spaces are now available for rent, offering a perfect blend of location, convenience, and modern amenities.

The great, flexible office spaces are available in a range of sizes to suit every business, competitive pricing, and even on-site parking.

A Space for Every Ambition

Whether you’re a start-up taking its first steps or an established enterprise seeking expansion, these office units cater to a diverse range of needs.

With sizes ranging from a cozy 260 square feet, ideal for small teams or solo entrepreneurs, up to expansive spaces of 4,087 and 8,000 square feet, there’s room here for your business to grow and thrive.

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Location: At the Heart of Manchester’s Buzz

Situated in the M3 postcode, these offices are a ticket to being part of Manchester’s thriving business community.

You’ll be neighbors with some of the city’s leading firms and innovators, not to mention some of the best cafes, restaurants and bars up north.

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Affordability Meets Quality

Priced competitively at £18.50 per square foot, these office spaces strike the perfect balance between cost and quality. This is an investment in not just an office, but a location that adds value to your business.

Amenities That Match Your Lifestyle

These offices also come with the convenience of on-site parking – which is goldust in Manchester city centre – and with 24/7 access, your work hours are as flexible as you need them to be.

Be Part of Manchester’s Future

This is more than just office space; it’s a chance to plant your business in the soil of a city that’s growing every day. Enquiries are now open. 

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Contact Mark Burgess on [email protected] or 07496 605 569 for more details and to schedule a viewing – and if this isn’t the space for you, contact us anyway, we have a range of spaces available across Greater Manchester.

Featured image: Unsplash

Business

WeWork is closing its enormous office in Spinningfields, with tenants told to move out

Daisy Jackson Daisy Jackson WeWork has announced the shock closure of its huge Manchester office. Credit: The Manc Group

Co-working giant WeWork has announced the shock closure of its flagship space in Manchester, an enormous unit in the heart of Spinningfields.

Those who rent desks or offices within the space have been served notice to move out by the end of the month.

It’s understood that WeWork’s three remaining locations in Manchester are unaffected.

The US-based workspace company first moved into the 60,000sq ft unit at No.1 Spinningfields in 2017, offering flexible solutions to businesses of varying sizes.

But in the last few years it’s faced major financial difficulties, with WeWork eventually filing for bankruptcy in the States.

It was previously valued at $47 billion before its bankruptcy overseas.

On the closure of its huge Manchester office, a WeWork spokesperson said: “As part of WeWork’s efforts to achieve a sustainable capital structure and profitable business to serve our members for the long term, we have made the decision to stop operating at No1 Spinningfields in Manchester.

“We look forward to continuing to provide our members with flexible space solutions across our other locations in the city and the rest of the UK, which remains a key market for us.”

An email sent to tenants said: “After carefully evaluating our offerings in Manchester, we have made the decision to stop operating at WeWork No 1 Spinningfields… the move out will occur by 31 May 2024.

“We understand this may cause disruption to your business and are very sorry for any inconvenience this may cause.”

Have you been affected by WeWork’s Manchester closure? Email [email protected] who can help with central, flexible office spaces.

Business

Premier League agrees new spending cap after ‘majority of clubs’ vote in favour

Danny Jones Danny Jones Premier League clubs agree vote for new spending cap

The Premier League has reached an agreement in principle on a new spending cap for all teams as the English top flight looks to replace the current Profitability and Sustainability Rules (PSR).

Set to be installed from the 2025/26 season onwards once fully ratified, revised spending limits will placed on teams in the first division, the number for which will be calculated in relation to a multiple of the money earned in prize money and TV rights by the lowest-earning club in the Premier League.

If approved at the AGM (annual general meeting) this June, the new model will replace the existing PSR system under which multiple clubs have broken FFP and been charged with other breaches over recent years, with Everton and Nottingham Forest having already been deducted points this season.

Although 16 of the 20 Premier League clubs reportedly agreed to the newly proposed regulations, four clubs were not in favour, with Manchester City, Man United and Aston Villa all said to have voted against the decision, while Chelsea chose to abstain.

The proposed spending cap wouldn’t come into effect until the 2025/26 Premier League season.

The new max-spending model is being referred to as ‘anchoring’ or ‘tethering’, which will take into account total amounts spent on buying players, weekly wages, agents’ fees and more.

If successful following a final vote in June and brought through the season after next, the aim is to curb the increasing financial gap between the top and bottom of the table by preventing things like big sponsorships which may otherwise see clubs assert massive spending power during transfer windows.

According to the Independent, cost controls will now “limit club expenditure on salaries, signing and fees to 85 per cent of total revenue” for those not competing in European competitions.

This comes after Premier League teams previously the latest UEFA rules that will see those playing in the likes of the Champions, Europa and Conference League only allowed to spend 70% of that revenue, given the added financial uplift from qualifying for these tournaments.

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While 16 yeas were enough to see the initial vote move forward, it will only require 14 out of 20 clubs to agree to the rule change in June for the motion to be fully passed.

A Professional Footballers’ Association (PFA) spokesperson said: “We will obviously wait to see further details of these specific proposals, but we have always been clear that we would oppose any measure that would place a ‘hard’ cap on player wages.

“There is an established process in place to ensure that proposals like this, which would directly impact our members, have to be properly consulted on.”

It will be interesting to see how these new rules will factor into the wider decision-making regarding Man City, with 115 breaches of UEFA’s FFP regulations still looming over the City Football Group.

What punishment could Manchester City face for FFP breaches?
Over a year on and they’re not closer to finding out their fate.

For all the latest news, events and goings on in Greater Manchester, subscribe to The Manc newsletter HERE.

Featured Images — SonoGrazy (via Wikimedia Commons)

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