100 Embankment is edging towards being fully let, with news of the latest tenant agreement now confirmed. XPS Group, one of the UK’s leading independent pensions consulting and administration businesses, and a FTSE 250 company, will make the move. Recognised as the only UK pensions specialist listed on the London Stock Exchange main market, they have a firm focus on UK pension schemes and also provide wider ranging support to insurance companies in the life and bulk annuity sector.
The Group will join existing tenants already occupying Salford’s prestigious development, across the Irwell from Manchester city centre. The XPS move means that now eight, out of the nine floors of the building, which only officially opened in September 2023 are now fully let.
The popularity and interest in 100 Embankment has not waned since it was reported as Manchester and Salford’s top performing office of 2022. The remaining space of c.12,000 sq ft is now under offer, with the expectation that confirmation of deals that will make the whole development fully let will be before the end of the year.
XPS make the move as part of their growth strategy for the business and will see two existing Manchester and Salford offices amalgamated at 100 Embankment. Around 80 staff will occupy 7,895 sqft on part of the third floor over a 10-year lease. The fit out is currently underway with Cubic Works, with the move expected to be completed by September.
XPS will join other occupants already settled and calling 100 Embankment their home. These include x+why, Deloitte, Aecom and Ridge, who have already made the move to the development which boasts not only Grade A office space, a fantastic location, stunning views and great transport links, but also quality facilities and an enviable sustainability commitment.
100 Embankment was developed as a joint partnership between Ask Real Estate, Tristan Capital Partners and Salford City Council. This latest deal was confirmed between Salford City Council and XPS who were advised by CBRE.
Councillor Jack Youd, Deputy Salford City Mayor and Lead Member for Finance, Support Services and Regeneration said:
“It’s a pleasure to be able to confirm the XPS move to 100 Embankment. This deal further reflects our belief and commitment to excellence we had for this building. We were clear with our strategy for the development, we had a vision and were confident that what we were creating would be a popular, exciting and enticing option for businesses and as we move towards 100 Embankment almost being fully let, it’s clear we were fully justified in the approach we took.
We welcome them to the building, as I’m sure our other existing tenants will, and I look forward to seeing them go from strength to strength here in Salford.”
Speaking on behalf of XPS, Tony Rich, Head of Property, Facilities Management & Procurement said:
“We chose to bring our two Greater Manchester offices to 100 Embankment because of its high quality and specification, prominent position and access for our staff to great amenities. As our business continues to develop, we feel this move provides a new, modern and exciting workspace for our colleagues to thrive. We can’t wait to enter the 100 Embankment community when we complete our move in September.”
Jamie Hills, Development Director, Ask Real Estate added:
“This latest letting confirms the established appeal of 100 Embankment to major employees, and XPS will further enhance the thriving business community being created here.”
About XPS Group
XPS Group is a leading UK consulting and administration business specialising in the pensions and insurance sectors. A FTSE 250 company, XPS combines expertise and insight with advanced technology and analytics to address the needs of over 1,400 pension schemes and their sponsoring employers on an ongoing and project basis. We undertake pensions administration for over one million members and provide advisory services to schemes and corporate sponsors in respect of schemes of all sizes, including 88 with assets over £1bn. We also provide wider ranging support to insurance companies in the life and bulk annuities sector.
In 2024 XPS was awarded Actuarial/Pensions Consultancy of the Year for the third time in four years and Sponsor Covenant/IRM Adviser of the Year at the UK Pensions Awards. XPS was also awarded Covenant Adviser of the Year Award at the Pensions Age Awards in 2024
Previous wins at UK Pension Awards:
2023 Third-Party Administrator of the Year and Fiduciary Evaluator of the Year
2022 Actuarial/Pensions Consultancy of the Year, Investment Consultancy of the Year and Third-Party Administrator of the Year
2021 Third-Party Administrator of the Year and Investment Consultancy of the Year
2020 Third-Party Administrator of the Year
2019 Actuarial/Pensions Consultancy of the Year and Third-Party Administrator of the Year
In 2024, XPS was recognised for our business culture at the UK Company Culture Awards for the Best Diversity, Equality and Inclusion initiative, and was awarded the Diversity and Inclusion Excellence Award at the UK Pensions Awards. Also in 2024, XPS was recognised as a Disability Confident Employer. In 2023 XPS was listed in The Sunday Times’s Best Places to Work 2023 (Big Company).
