Property Alliance Group has acquired a 29,000 sq ft building in Manchester city centre for £7.5m.
Located on King Street West, close to Spinningfields’ Bridge Street entrance, Reedham House is a three-storey grade two-listed property. Occupiers in the two upper floors of offices currently include Kuits, Ellison Thomas, Abacus Solicitors and Freedman Frankl & Taylor, while the ground floor is occupied by Spar and Essy’s Café.
Advised by Edwards & Co, Alliance purchased the building off-market.
Alex Russell, managing director of Alliance said: “This acquisition forms part of our strategy to significantly bolster our commercial portfolio this year, not only in Manchester city centre but across the North.
“Reedham House is very prominently located and offers huge development potential, so we will be working closely with Manchester City Council to explore ways in which we can further improve the building and the surrounding area.”
Commercial Properties advised the vendor.