CBRE tots up 19 investment deals in 2008

CB Richard Ellis North West said it successfully advised on 19 deals throughout 2008, together worth more than £160m.

The deals tally ranged in size from £475,000 up to £56.7m and covered all sectors from High Street retail to large industrial distribution hubs.

The biggest deal, completed on 23 December, saw CBRE secure the acquisition of 2 Hardman Street in Spinningfields, Manchester, on behalf of German property fund HANSAinvest for £56.7m. This was the largest regional office investment deal in England in 2008.

Simon Wood, senior director for CBRE's North West capital markets team, said: "Despite seeing a property slump the likes of which the UK has not seen for many years, we have still managed to make a significant number of disposals and selective acquisitions on behalf of our retained clients.

Wood added: "We have continued interest from retained national and foreign investors in the regional market, who see certain sectors as offering good value and we are working closely with these clients trying to identify the right opportunities. However, there is potentially a limited supply of the right available product and this may prevent a significant amount of similar deals in terms of size and quality in 2009."

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