Our Manchester team have acted on behalf of Portman Travel to agree on the deal which sees them commit to a new 10-year lease on both its existing suite of 8,000 sq ft together with the additional space.
The travel company is set to expand after signing the new lease which will effectively more than double the size of its office in Manchester city centre. Portman Travel, via its Clarity Travel and Destination Sport businesses, is to take on an additional 11,000 sq ft of space at The Tootal Buildings, in Oxford Street, from January next year, taking its occupation to nearly 20,000 sq ft.
The expansion comes as both businesses experience significant growth because of an increasing amount of business from existing clients as well as from a number of acquisitions which have recently been completed.
One of our partners, David Laws, said: “The Clarity Travel and Destination Sports expansion is fantastic news for the city, and sends a positive statement to both the property and travel sectors. Much of the recent office market narrative has focused on businesses seeking less space in a post-pandemic, hybrid work environment. This deal bucks the trend and it’s great to see businesses expand and invest in their workplaces.
“The Tootal Buildings provides the perfect base for Clarity and Destination Sports having recently undergone a significant investment by landlord XLB & Pictet offering high-quality, sustainable, office space with excellent amenities in a vibrant part of the city centre.”
Stephen Wormald, of XLB, added: “Clarity Travel and Destination Sports are long-standing occupiers, and it is great to be able to provide the right space for its continued growth. Our commitment to providing sustainable workspace together with best-in-class amenities and occupier engagement, has facilitated 55,000 sq. ft of new leases during 2023, taking the buildings to 98 per cent occupied.”
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