FEATURES
Professional Briefing: Q4, 2011With PPS North, Reich Insurance, Hill Dickinson, Places Matter!, Grant…
Continuing the annual power list…
The annual property power list for the region…
Manchester HMV building sold for £18.91m
12 Mar 2010, 14:09
Michael Hunt
British Steel Pension Fund has bought the HMV building on Market Street in Manchester for £18.91m, reflecting a net initial yield of 5.75%.
Previously owned by a private family trust, the property, located at 90-100 Market Street, comprises approximately 32,000 sq ft and is let to HMV until February 2016. The passing rent totals £1,150,000 a year.
Cushman & Wakefield advised British Steel, while Jones Lang LaSalle acted on behalf of the private family trust.
The private family trust bought the building from Co-operative Insurance Society in August last year for £14.8m.
Share this article:
Your Comments
0 Comments Add Comment
OTHER NEWS
Place North West Announcement Peel Ports lures tea giant north Gas store planned for Lancashire salt caverns Bruntwood remains on solid footing
Rice leaves CBRE to set up his own practice
Hodder unveils Motel One plans for Piccadilly
Barnfield appoints safety successor
Fresh pot available for infrastructure
Triangle de-clutter plans submitted
ING awaits council ruling on Northgate
DCLG gives £25m for Greater Manchester projects
Bradshaw joins SLG's construction team
Colliers advises on 52 industrial deals in 'difficult' year
Stockport Council eyes Debenhams site
