The Co-operative Bank has renewed its lease in Stockport at Orbit Developments’ 1 Peter Square property to continue to provide high street banking services to local people and businesses.
The Co-operative Bank, which has been trading since 1872, will now retain its presence in the town centre.
The good news comes in the wake of announcements, expected to impact in March, concerning loss of management and head office jobs in Manchester and Stockport as part of the Bank’s three year plan to rebuild the business. It almost collapsed in 2013.
It also supports the Bank’s commitment to avoiding branch closures whenever possible.
1 St Peter’s Square is located right next door to Merseyway shopping centre and just a couple of minutes’ walk away from bus and train stations.
The move has been welcomed by Orbit’s Leasing Director for Stockport, Rhys Owen.
Rhys commented: “We are delighted that the Co-operative Bank Stockport has renewed its high street commitment to the town and in St Peter’s Square, which is so central and convenient for town centre visitors, residents and businesses.”
Orbit Developments, part of the Emerson Group, is one of the largest privately-owned development and investment companies in the UK.
The company’s portfolio in Stockport town centre comprises of 12 properties, offering quality office space to let from 1 – 200 person operations. High profile tenants include National Tyres and the NHS.