Legal & General Investment Management Real Assets has sold Virgin Media House, a 110,000 sq ft headquarters office building on Concord Business Park, South Manchester for £19.7m to Global Mutual at a net initial yield of 8.29%.
Acting for landlord Bluefig Investments, Edwards & Co has agreed a five-year lease with software developer Human on 3,527 sq ft in the grade two-listed 56 Princess Street in Manchester. The agent has also completed a series of disposals in St John Street.
Practical completion has been achieved at Techspace One, a three-storey building made up of 46,000 sq ft of laboratories, grade A office accommodation, meeting hubs and breakout areas at the Sci-Tech Daresbury enterprise zone.
A tenanted 14,500 sq ft Victorian office building in city centre Manchester, a Lancashire hotel with planning consent for new homes and a Cumbrian care home are among over 150 lots up for sale in Pugh’s next Manchester property auction, which is expected to generate in excess of £15m.
More than 120 developers, investors and property professionals drawn from across the North West gathered for a special inward investment event focusing on the commercial opportunities and investment potential offered by Preston, South Ribble and the Central Lancashire region.