Swiss Life sells 80 Mosley Street in Manchester
A newly formed joint venture between Hay Wain and TriOffice has picked up the nearly 32,000 sq ft building on the edge of St Peter’s Square.
The deal figure has not been disclosed.
Swiss Life Asset Management, through its Mayfair Capital arm, had acquired 80 Mosley Street in 2016 for £12m, according to HM Land Registry data.
Six years later in 2022, Swiss Life put the property on the market with a £14.2m guide price and CBRE as the agent.
Hay Wain and TriOffice aim to refurbish the building to create an amenity-led office space with furnished and fitted floors, according to Hay Wain investment director Charlie Martindale.
Martindale described 80 Mosley Street as a “highly compelling opportunity”, while TriOffice managing partner Ben Beck described it as “ideal” noting the building’s proximity to St Peter’s Square.
OBI, Freeths, and Jones Hargreaves advised Hay Wain and TriOffice on the deal. Swiss Life was represented by CBRE.
Regarding the 80 Mosley Street deal, OBI co-founder Will Lewis remarked: “We have been based in 80 Mosley Street since 2010 and the building has served as the perfect location for us to grow our business.
“The building benefits from stunning views over St Peter’s Square and we are now looking forward to our client implementing the internal enhancements and amenitising the building.”
This will not be the first regional office buy for the Hay Wain/Tri Office JV, which is actively looking for commercial properties across the country.
Martindale said: “This acquisition builds on our recent momentum in the regional office sector and reflects our conviction in well-located, value-add assets.”
While this is Hay Wain’s Manchester debut, TriOffice is familiar with the city. The company, workign with Pears Group, acquired 55 Spring Gardens for around £15m in 2024. TriOffice recently debuted the first phase of that building’s refurbishment, which includes saunas.
Was that image made using AI? Im aware you got it from TriOffice, but wow the buildings and streets around that building do not look like that. Very odd for them to do
By Anonymous
Booth Street and Cooper Street don’t existing in that image
By Anonymous
It would be good if the external enhancements are major ones, as it’s always looked quite cheap and ungainly in that location, and certainly not up to the quality of the newer blocks across the square.
By Rotringer
“amenetising”.
By Salad
I think people may be getting ahead of themselves as reading a refurb as being anything other than an internal fit out.
By Anonymous