AEW sells Manchester office for £47m
AEW has sold 101 Barbirolli Square in Manchester to La Française Real Estate Managers in a £47m deal.
The 87,000 sq ft grade-A offices are fully let to multiple tenants, including PwC and Handelsbanken.
The building has recently undergone a refurbishment programme to create workspace with LED lighting and air-source heat pumps and has also included an installation of electric vehicle car-charging points. The project was overseen by architect 5plus.
AEW has sold 101 Barbirolli Square in Manchester to La Française Real Estate Managers in a £47m deal.
The 87,000 sq ft grade-A offices are fully let to multiple tenants, including PwC and Handelsbanken.
The building has recently undergone a refurbishment programme to create workspace with LED lighting and air-source heat pumps and has also included an installation of electric vehicle car-charging points. The project was overseen by architect 5plus.
Martin Payne, director in asset management at AEW, said: “The future of the office has evolved as a result of the pandemic, and we look forward to continuing to provide the market with modern and inspiring workspaces that meet occupier requirements.
“This sale also brings European inward investment into Manchester, demonstrating the confidence in the outlook for the city.”
JLL and Ashurst LLP advised La Française Real Estate Managers, while Savills and Pinsent Masons advised the seller.
To send feedback, e-mail evelina.grecenko@eg.co.uk or tweet @Gre_Eve or @EGPropertyNews
See where Savills and JLL sit on the Manchester office league table >>
