BBRE buys in Manchester

10 April 2015 09:51 Comments (0)

Bruntwood has sold the 27,400 sq ft Croxley House in Manchester to investor and developer Boultbee Brooks Real Estate for £5.5m.

The five-storey office is in Lloyd Street off Albert Square. The building is fully let to Media Force, Arcon Housing, Hidden Creative and PRP Architects and has a quoting rent of around £15.50/sq ft.

The property is on the edge of the Jackson's Row development site, a mixed-use scheme being brought forward by a company owned by former Manchester United footballers Ryan Giggs and Gary Neville.

Clive Boultbee-Brooks, managing director of BBRE, said: "Croxley House is situated in a fantastic location, underpinned by the planned mixed-use development at the rear of the property which will comprise of hotel, leisure, residential and office accommodation. We are excited by the strong demand and rental growth we are seeing in the area."

OBI Property and Aurum Real Estate acted on behalf of Boultbee Brooks Real Estate. Bruntwood was unrepresented.

BBRE undertakes active management of commercial and residential properties throughout the UK with a current total portfolio value of around £486m.