Printworks November 2016
LandSec's disposal of Printworks for £108m was one of the biggest deals of the first three months of 2017

Land Securities markets Printworks

The 385,000 sq ft retail and leisure complex in Manchester city centre has been put up for sale with a £98m price tag, four years after its acquisition for £94m.

The entertainment venue sits on the corner of Withy Grove and Corporation Street. The scheme is home to a 20-screen Odeon Cinema, alongside 19 restaurants, bars and nightclubs, including the Hard Rock Café, Waxy O’Connors, Harvester, and Chiquito.

Land Securities bought the building from Resolution Property for £95m, as it sought to increase its exposure to the leisure sector. Its portfolio is now dominated by London assets, and it is understood that the decision to sell represents a decision to focus on its portfolio in the South East.

The complex was developed in 2000 by the Midlands-based Richardson family.

JLL has been appointed to market the building.

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