Aprirose Real Estate has acquired 76 King Street in Manchester for £16m, and has sold Etrop Court in Wythenshawe for around £14.5m.
The 42,600 sq ft King Street building was sold by Aspen Assets. It is grade two-listed and was designed by Alfred Waterhouse, the architect behind Manchester Town Hall. The property is made up of retail units on the ground floor and three upper floors of offices.
Occupiers include DKNY, Berwin Leighton Paisner and serviced office provider Orega.
Aprirose was represented by CBRE, while WHR Property Consultants acted for Aspen.
In Wythenshawe, Aprirose sold the 48,000 sq ft Etrop Court for around £14.5m to Naissance Capital Real Estate.
Manchester City Council is the main occupier.
Gary Jones, chief operating officer at Aprirose, said: “Our portfolio includes an array of assets in Manchester giving us an in depth knowledge and extensive experience of the market. We are pleased to have made another strategic acquisition in the city, in such a prime location, with good tenants, to add to our growing portfolio.
“There is high demand for office space in Manchester, and 76 King Street is a newly refurbished asset surrounded by high calibre financial institutions and professional occupiers, so we are confident that it will quickly attract new tenants.”