The Deva Centre

Four Two Four plans Deva expansion onto Staples site

Irish developer Four Two Four, a subsidiary of Benmore, has acquired the former Staples building on Trinity Way in Salford to expand its Deva Centre.

Four Two Four paid £5m to buy the 28,000 sq ft building from Greater Manchester Property Venture Fund, from whom it also acquired the Deva Centre, a multi-tenanted office building, next door for more than £13.25m in October.

Gary Scorah, partner at WHR Property Consultancy, advising Four Two Four, said: "There was a lot of interest in this building and we were fortunate to secure the purchase. The synergy between this site and the Deva Centre meant that this was a logical extension of the Four Two Four's existing holdings and provides the opportunity to enhance and expand the Deva Centre's current offering."

GVA Grimley advised GMPVF.

Your Comments

Subscribe to our newsletter