Grosvenor buys Manchester’s Canada House  

Kinrise has sold the 67,800 sq ft office building for around £22m, Place North West understands. 

Grosvenor has acquired Canada House after Kinrise instructed OBI and Carrick Real Estate to sell the grade two-listed Chepstow Street building last year.

The Manchester property is 95% let to occupiers including Puma and Historic England. It underwent a comprehensive £3m refurbishment 2017.

“Manchester is one of the UK’s strongest regional office markets,” said Grosvenor investment director Keith Bailey. “As a recently refurbished sustainable office building with character, Canada House complements our growing portfolio across the regions.”

CBRE represented Grosvenor. OBI and Carrick Real Estate acted for Kinrise. 

All parties were contacted for comment. 

Built in 1909 as a textile packing warehouse for JS Booth & Company, the Art Nouveau building was designed by Walter and George Higginbottom. 

Kinrise bought the building in 2016 for £10.5m.

Last year, Kinrise bought Liverpool’s 210,000 sq ft Martins Bank Building for around £16m. The company is currently working up plans to revamp the grade two-listed building.

Elsewhere in Manchester, Kinrise is also looking to offload the Albert Estate, three office buildings close to Manchester Town Hall.

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What a beautiful building

By Nasty jon

One of Manchester’s many beautiful buildings. Now thankfully brought into use for a new generation of workers and as recent reports show offices very much in demand in the city.

By Anonymous

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