No.1 Spinningfields

No.1 Spinningfields, Manchester - Acquisition

The largest single asset office investment deal recorded in the North West.

Metis Real Estate Advisors proudly acted for Schroders Real Estate in acquiring No.1 Spinningfields for an International Property Trust for circa £200 million. Key investment points include:

A statement building comprises 310,000 sq ft.

It is the tallest commercial building to be built in Manchester in 50 years.

Its scale and design quality arguably make it the most sought after address in Manchester city centre.

Tenants include PwC, Squire Patton Boggs, hip co-working operator WeWork, M&S Simply Food and high-end restaurant operator D&D, who will operate a roof top bar.

The building is 87% let; offering a good secure income stream and an opportunity to further capitalise on the strong leasing market in Manchester.

In summary, a rare investment opportunity.

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