Growing team leads HURST to sign up for bigger HQ
Independent accounting and business advisory firm HURST has agreed a deal to move its head office to a new flagship development in Stockport to accommodate its growing team.
HURST is taking 11,000sq ft at 3 Stockport Exchange, which is under construction and is due to open next year. The firm has been based since 1998 in Tiviot Dale in Stockport town centre, but has outgrown those premises. HURST has taken a 10-year lease to occupy the whole of the fifth floor of 3 Stockport Exchange, the latest phase of a £145m project by Muse Developments and Stockport Council.
The fit-out of HURST’s new HQ is due to begin in January 2024, with its 120-strong team scheduled to move in next April. The new HQ will give the firm scope to expand to around 170 staff, which it aims to achieve over the next three years.
3 Stockport Exchange is a 64,000sq ft Grade A office building with a communal roof terrace. It is being built by Galliford Try. It will have 38 cycle racks, showers, lockers and a drying room, high-speed passenger lifts, high-speed fibre infrastructure provided by BT Openreach and Virgin Media, and a BREEAM excellent rating.
There will also be a 399-space multi-storey car park with 26 charging points for electric vehicles, solar photovoltaics and a green ‘living’ wall.
It forms part of the wider Stockport Exchange development comprising 375,000sq ft of office space and 28,000sq ft of commercial retail and leisure amenities. The scheme is already home to brands such as Stagecoach, musicMagpie, Holiday Inn and BASF.
HURST, which was founded in 1982, focuses on advising entrepreneurial owner-managed businesses with turnover of £5m and above across all sectors. Clients include Kinaxia Logistics, M&I Materials, Beechfield Brands, Duerr’s, Oliver Valves, Lancashire County Cricket Club, Krones UK, Creamline Dairies, Arighi Bianchi, Scapa Group and Hyde Group.
Its move to 3 Stockport Exchange comes on the back of a record few years at the firm and to support its growth with an ambitious plan to reach fee income of £20m.
Tim Potter, Managing Partner of HURST, said: “Although we looked at various sites in Manchester city centre, Stockport has always worked very well for us from a client and team perspective. It’s a great place to be and is firmly on the map for business and leisure, reinforced by its status as Greater Manchester’s Town of Culture for 2023.
“When it came to looking at locations in the town, 3 Stockport Exchange stood out because of its environmental credentials and superb public transport links, which offer easier access to staff and thereby will broaden our recruitment appeal even further as we look to expand the firm.”
Andrew Timms of Edwards & Co represented HURST in its hunt for a new HQ. Simon Maddox of JMW Solicitors provided legal advice. Atul Bansal of Sheila Bird Studio is the design and fit-out adviser for the new offices.
Tim said HURST would be reviewing its Manchester city centre presence with a view to expanding this too. Its current Manchester offices are on Deansgate.
Cllr Colin MacAlister, Cabinet Member for Economy and Regeneration at Stockport Council, said: “I’m delighted that HURST has seen the benefits of moving to Stockport Exchange and choosing it to grow and attract their workforce. They will not only reap the benefits of a high-quality office development with fantastic accessibility, but also our ambitious plans for the town centre like the new transport interchange, improvements to Merseyway and our growing retail offer.
“Despite operating in challenging times, we are seeing strong demand from the business community who are seeing Stockport as a great place to establish their business and attract high-calibre staff. I look forward to welcoming HURST to their new premises next year.”
Cushman & Wakefield and CBRE are joint agents for the Stockport Exchange scheme.