CIS Tower 4

CIS Tower sells for £66m

Castlebrooke Investments has exchanged contracts to buy CIS Tower in Manchester’s NOMA estate for £66m.

In January, it was rumoured that Colliers International and JLL had been instructed to run the sale process in a restricted manner, only inviting in specific buyers.

The grade two-listed, 28-storey building, sits at the centre of the NOMA estate and is fully occupied at present by various parts of the Co-operative Group.

The building was completed in 1962, at which time it was the third tallest in Europe, and stands at 118m. The net internal area is listed on the NOMA website as 361,700 sq ft, with gross internal area at 487,185 sq ft.

Castlebrooke is a London-based investor developer headed by ex-Carisbrooke men Neil Young and Jonathan Mitchell. The company is also behind the development of the 178,000 sq ft Landmark office on the former Odeon site in Manchester’s St Peter’s Square.

CBRE advised Castlebrooke on the purchase.

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That was probably a smart building when it was first built.

Somewhat of an eyesore now though…

By Cheshire Boy

I cannot believe anyone thinks the CIS building is an eyesore. It is a stunning piece of architecture and has stood the test of time like no other building from that era. It is what a building should be, simple lines, bold and functional. The building on the corner of Rochdale road and Miller street is a fitting homage to the CIS and the area around it will soon be flourishing. I hope the CIS is used appropriately and if It is an hotel, it is given a sensitive makeover. I hear that there is rumour the Guardian could be relocating back to Manchester. This would be perfect for that use.

By Elephant