Castleforge acquires Linley House
The real estate investor has bought the 68,000 sq ft office building, located on Dickinson Street in Manchester, from German fund manager Patrizia for an undisclosed sum.
Castleforge Partners’ flexible workspace provider Clockwise will operate part of the building which is 67% occupied.
The investor is implementing a package of refurbishment works designed by MoreySmith Architects.
The acquisition of Linley House is part of a wider series of investments by London-based Castleforge in office real estate across UK regional cities including Southampton, Exeter and Leeds.
Brandon Hollihan, founding partner of Castleforge Partners, said: “With the likes of Adidas, Google and Amazon all having headquarters located in Manchester, it is clear that the city is now one of the fastest growing business hubs in the world for young professionals and burgeoning start-ups.
“In the coming years, new jobs will continue to be created, and people will once again work together in creative office teams.”
Colliers International acted for Castleforge and JLL represented Patrizia.
In 2016, Patrizia bought Linley House from United Utilities Property Services for £12m.