Hexagon Tower in Blackley has been sold by Mars Pension Fund to a joint venture between Angelo Gordon and Trinity Investment Management, as part of the disposal of a £95m science park portfolio.
The portfolio, which covers 348 acres across five sites, is the largest privately-owned network of science and technology parks in the UK.
Hexagon Tower is known as a vertical science park, and is made up of 168,376 sq ft of office accommodation and specialist laboratory space with 535 parking spaces. The 11-storey property is multi-let to 14 tenants and generates annual rent in excess of £1.5m.
Colliers International advised Angelo Gordon and Trinity Investment Management on the acquisition, and has been retained to advise on the continued development of the sites.
The portfolio is made up of Hexagon Tower, Edinburgh Technopole, Kent Science Park, Langstone Technology Park in Havant and Wilton Centre in Teesside.