Home Greater Manchester Praxis lets Stockport’s Signal Point to Vodat

Praxis lets Stockport’s Signal Point to Vodat

The entire building which comprises 11,012 sq ft of self-contained space

Vodat, the leading supplier of private, managed networks to the UK retail, hospitality and leisure market, is to relocate its headquarters to Signal Point in Bredbury, Stockport.

The company has taken the entire building which comprises 11,012 sq ft of self-contained space. Vodat was previously based at Pear Mills in Stockport but sought a new headquarters base which would provide it with modern office space with further room for expansion.

Praxis undertook a refurbishment of the building to include new LED lighting, new carpet, suspended ceilings which completed in January 2018. The building’s location provides ease of access to junction 25/26 of the M60 motorway and within five minutes’ drive of Stockport town centre.

Cushman & Wakefield and joint agent Canning O’Neil advised the landlord, Praxis, on the deal. OBI advised Vodat and is also providing the interior design, fit-out and project management for the new HQ which will be completed in the next few months.

Andrew Crabtree of Cushman & Wakefield’s Office agency team in Manchester, commented: “We are pleased to have let Signal Point so quickly after its refurbishment which reflects the hands-on approach of Praxis by delivering a refurbished specification to meet occupier demand and enable a short void period. This also reflects a strong level of demand for this type of accommodation in Stockport and the surrounding area.”

Richard Harrison, Asset Manager at Praxis Real Estate Management added: “This long-term letting to Vodat International further justifies the landlord’s decision to undertake a thorough refurbishment of Signal Point.”

Paul Mills, Transactions and Asset Management at OBI said: “Signal Point is a great space for Vodat to expand into. The high quality refurbishment of space by Praxis has allowed Vodat to move quickly with us on the design and fit-out for the new HQ.”