Manchester based contractors, O’Connor Utilities have bought Artemis House, on Greek Street, Stockport, in a £1.75 million purchase from Pentith Properties.
Avison Young and MBRE acted on behalf of Pentith Properties in the deal. O’Connor Utilities plan to occupy the entire, three storey building’s 12,300 sq ft floor space.
Artemis House is currently empty following a recent refurbishment, and had originally been marketed for leasehold, with consideration given to selling. Previously the building had been occupied by the Department of Work and Pensions and Mercedes-Benz.
O’Connor Utilities are presently based in Levenshulme, with satellite offices across the UK including London, Hertfordshire, Leeds, Deeside, Sheffield and South Wales.
The move indicates continued confidence in Stockport as a growing hub for businesses in Greater Manchester, and alternative to Manchester City Centre, due to its connectivity and the proactive approach of Stockport Council in redeveloping the town centre. Artemis House sits with the boundary of the Stockport Mayoral Development Corporation’s Town Centre West and is within walking distance of Stockport Train Station and the planned new bus interchange.
Rupert Barron, director at Avison Young, said:
Stockport is a strong, emerging business district in the Greater Manchester City Region, and has enjoyed heavy investment from the council to improve its reputation and its ability to function as a business location.
“Various leisure, residential, infrastructure and office schemes have been completed recently, with much more in the pipeline.
“As a result, Stockport is experiencing somewhat of a resurgence, with high-quality, new office accommodation and refurbished schemes attracting occupiers that are looking for commutable, central locations for their employees.”