The 81,000 sq ft Manchester office block has been put up for sale by its owner Fore Partnership, following a £15m refurbishment that completed last year.
The building is being marketed for sale by agency Zaman Roberts, which is seeking offers in excess of £47m.
Windmill Green is Manchester’s first multi-let office to win a BREEAM ‘outstanding’ accolade for its environmental credentials. It features a green wall, shell and core construction from sustainable materials, and has a range of cycling storage facilities for its occupiers.
Designed by architect TP Bennett, the building sits on the corner of Mount Street opposite the Midland Hotel. It has floor plates of 12,750 sq ft from the second to fifth floors, as well as 9,750 sq ft on the sixth floor, roof terraces, and a bar on the seventh floor.
The property is 75% let to tenants including CBRE’s flexible workspace operator Hana, which has agreed to occupy 26,000 sq ft as its first location outside London; technology firm Interact Software, and telecommunications company OneStream.
Property investment firm Fore Partnership acquired Windmill Green as a vacant 1970s concrete block and appointed TP Bennett to lead a large-scale refurbishment. The interior design was led by Sheila Bird Group and construction by Kier Group.
Basil Demeroutis, managing partner of Fore Partnership: “Fore’s mission is to integrate low-carbon and socially impactful strategies throughout the design, build and operation of its properties. Windmill Green has become an exemplar project that combines these aims in an authentic, architectural approach.
“The development has transformed a strategic regeneration site in Manchester city centre and attracted several high-quality tenants. Having completed the repositioning of this building, it is time for us to look at sale options so that we can recycle our capital into new projects in Manchester.”
He added: “While there clearly is nervousness in the market due to COVID, interest rates are at historic lows and this is exactly the kind of forward thinking, income-generating property that investors are now looking for. There is nothing comparable on the market.”
- Hear more about the future of Manchester’s office market at the Manchester Offices + Workspace Update on 1 October