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Sales success for Commercial Buildings in Manchester

wantspacegotspace.co.uk - Sales success for Commercial Buildings in ManchesterAberdeen Asset Management, represented by international real estate advisor Savills, has sold Commercial Buildings in Manchester for £5.1 million to a private investor who will relocate an existing business into part of the building.

The asset consists of 11-15 Cross Street, 8 New Market and 26/28 Pall Mall and occupies a prime position within Manchester’s business core, adjacent to the Arndale Centre. The properties total 35,223 sq ft (3,272 sq m) of office space and 1,658 sq ft (154 sq m) of retail currently let to O2 and Ladbrokes.

Hazel Ramsay, director at Savills, comments: “Owner occupier acquisitions of this scale are relatively rare within Manchester’s city centre. This transaction demonstrates the window of opportunity for equity rich individuals and businesses in the current market place to invest in their own occupational estate.”

WHR advised the purchaser.

Posted by The Editor (wantspacegotspace) on 22nd April 2013 (updated 26/04/2013)

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