Legal & General Investment Management Real Assets has sold Virgin Media House, a 110,000 sq ft headquarters office building on Concord Business Park, south Manchester, to Global Mutual for £19.7m.
The price paid reflects a net initial yield of 8.29%.
The office building is let to Virgin Media with around seven years unexpired on the lease. The property was constructed in 1990 on a 7.8-acre site and provides more than 500 car parking spaces.
