Urban Splash has bought the 19,000 sq ft Four Canal Street, and has completed more than 15,000 sq ft of lettings across its commercial portfolio in the city.
The fully-let Canal Street block was acquired by Urban Splash’s joint venture partnership with the Pears Group in an off-market cash purchase from private vendors.
The building is let to Kiki Nightclub and the LGBT Foundation.
Claire Thomas, director of asset management, said: “This is a quality, Edwardian building, one of the finest on Canal Street. It is fully let and has great long-term potential in one of the city’s growing areas, with both the Kampus development and the Urban & Civic Origin scheme close by.”
Urban Splash has let more than 15,000 sq ft in Manchester including at Waulk Mill, converted industrial building in Ancoats. Software developer Channelgrabber and marketing agency Loaf Creative have each taken around 3,000 sq ft.
Other deals include the sale of a 1,400 sq ft unit at Timber Wharf in Castlefield, as well as a several lettings at Ducie House near Piccadilly including to MEN Media.
Urban Splash is currently on site with the conversion of the 30,000 sq ft Stubbs Mill in Islington into flexible workspace, designed by SixTwo Architects. The scheme is due to complete in early 2016.