Investment company The Blackmore Group has moved its headquarters to the XYZ building in Manchester’s Spinningfields district to accommodate its expanding workforce.
Blackmore’s 16-strong Manchester team has relocated from 2 Mount Street in the city centre to an office on the first floor of XYZ.
Managing director Patrick McCreesh said the new, larger base also has space for Blackmore’s London team to work in when they visit Manchester.
The office forms part of the XYZ Works & Social community for innovators and disruptors from the technology, media, digital and creative sectors.
The move also brings Blackmore close to the Vault, a workspace on the first floor of XYZ dedicated to fintech companies. Blackmore has taken its new office on a two-year lease.
Mr McCreesh said: “The Blackmore Group is constantly growing, with the recent addition of in-house architect Chris Brown-Colbert to help the real estate team.
“We moved to 2 Mount Street from Albion Wharf last March, but quickly outgrew that space. Our new base can accommodate more staff and places us in the heart of the fintech and financial services communities of Manchester.”
Mr McCreesh founded Blackmore in 2013 with Phillip Nunn. They jointly have more than 25 years’ financial services experience and have grown Blackmore into a business with £25m of assets under management.
Blackmore has a suite of investment products across multiple asset classes aimed at individuals and institutions in the UK and overseas. These include the Blackmore Bond, which funds residential and commercial property development projects.
XYZ is a 65,000 sq ft building owned by German hedge fund Union Investment. Occupants include Global Radio, Delio. NCC Group, Funding Circle and Shoosmiths.
Joe Averill, of OBI Property, the leasing consultant for XYZ, said: “We are delighted to welcome another forward-thinking occupier to XYZ Works & Social who are committed to investing in their working environment.”