New Stockport home for musicMagpie as firm targets US growth

Recommerce company musicMagpie is moving into One Stockport Exchange.

The firm signed a deal with developer Muse Developments and Stockport Council to secure the last remaining floor at the recently completed scheme.

musicMagpie, which enables customers to get cash for unwanted phones, books, CDs, DVDs, games and tech, is taking 10,118 sq ft at the 50,000 sq ft office building on a 10-year lease.

The move will see the company relocate 50 head office employees to One Stockport Exchange this summer.

The £145m Stockport Exchange regeneration scheme, located next to Stockport railway station, is being delivered by Muse Developments in partnership with the council.

Transport operator Stagecoach recently announced plans to occupy three floors at the development, moving 200 jobs to the site by the end of the year.

The CEO of musicMagpie, co-founder Steve Oliver, said: “For us, moving to Stockport Exchange is about the future growth of our business.

“We’ve outgrown our existing offices and to keep up with the rapid pace of growth of both buying and selling in the UK and US, we need to expand.”

He continued: “We have an amazing working and family culture at Magpie that will only be improved by having a first class working environment at Stockport Exchange.

“Its excellent location and transport links to Manchester and London will help us massively with recruitment and its close proximity to the airport will be key as we continue to grow our US business.”

Muse development director Wes Erlam commented: “Announcing a second letting at Stockport Exchange in as many weeks is great news for the development and a testament to its quality and excellent location.

“It’s another feather in the cap for the scheme, which is now fully let only six months after completion. We are now looking at delivering future phases which will build on its success, further adding to the vibrancy of this new commercial quarter.”

Stockport Council’s Corporate Director for Place, Caroline Simpson, hailed musicMagpie as a “remarkable local success story”.

She said the firm has “grown from humble beginnings in a Stockport garage only 10 years ago into a multi-million pound business now trading across the globe”.

Caroline added: “Their move marks the next chapter in the company’s story and means they can now press ahead with their plans to grow the business. I wish them every success for the future.”

Cushman & Wakefield and CBRE are joint agents on the Aedas RHWL-designed scheme.

Looking to promote your product/service to SME businesses in your region? Find out how Bdaily can help →