Express Building changes hands for £10.5m
The 75,000 sq ft distinctive black glass office on Great Ancoats Street has been sold by American owner A&A Investments, to private clients of Metis Real Estate Advisors, for £10.5m.
The grade two-listed building is the former home of Express Newspapers, before the removal of the printing presses and its conversion to an office in the 1990s.
The office was one of three designed across the country for Express in the 1930s by Sir Owen Williams.
A&A bought the Express Building in 2007 for £20m. The property has been vacant for some time, with failed attempts over the last couple of years to sell it.
The space will now be extensively refurbished, to update the offices and meet the needs of occupiers from creative and tech industries looking for proximity to the Northern Quarter.
London-based Ben Adams Architects is advising on the refurbishment.
Jonathan Mills of Metis, said: “This is the acquisition of one of Manchester’s most iconic buildings, and it’s great to be working with our clients and their team in delivering what we expect to be a truly exciting scheme.”
CBRE and JLL advised the vendor.
