Windsor House Knutsford
Windsor House is let in full to Kids Pass

Hurstwood buys in Knutsford

Developer and investor Hurstwood Holdings has added to its commercial portfolio with the acquisition of a 4,000 sq ft office building in the Cheshire town.

Windsor House is a three-storey, self-contained building in the town centre, fully let to discounts aggregator Kids Pass.

The building was sold for an undisclosed sum with a net initial yield of 9%.

Williams Sillitoe acted for Hurstwood, with Canning O’Neill representing the vendor, a private investor. Gateleys worked on legals for Hurstwood, with funding coming from Rothschild.

Stephen Ashworth, chairman and chief executive of Hurstwood, said: “This is a very attractive building in an affluent suburb with an exceptional internal fit out, so we knew it would make a good long term investment for us.

“We are currently looking at a number of other investment opportunities nationwide but we are also keen to expand our presence in South Manchester.”

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Many companies are leaving Manchester for Cheshire.

By YS