Capital & Centric flips on Quay Street
16 October 2017 10:05
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The Manchester-based developer has sold the 22,000 sq ft Kabel House to a consortium of investors known as Ventnor for £7m, having acquired it in May for £5.5m.
C&C bought 15 Quay Street in an off-market deal from a private individual.
Around 4,000 sq ft was vacant, but over the summer months C&C secured a 10-year letting to Handelsbanken at £22.50/sq ft, understood to be a significant uplift on the figure charged for the building previously, at around £16/sq ft.
The building’s other occupiers are insurance group Jelf and web domain provider Uniregistry.
Capital & Centric were advised by Scorah Properties. C&C was unavailable to comment when contacted this morning.
Better than picking the lottery numbers! Nice one guys.
By BB
Powerful you have become, the dark side I sense in you.
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