55 Spring Gardens

55 Spring Gardens

Prime Manchester office building changes hands

55 Spring Gardens has been snapped up by Aviva Investors in an off-market transaction for an undisclosed sum.

Located in the heart of Manchester’s Central Business District, 55 Spring Gardens boasts circa 55,700 sq ft of prime, contemporary and adaptable office workspace as well as ground floor retail units and a basement car park. 

It also includes a sky suite with a rooftop terrace and collaborative amenity space together with an illuminated entrance.

CBRE Global Investors acquired the building in 2015 and undertook a comprehensive refurbishment to include a new reception and central atrium area, full refurbishment of the common areas, comprehensive strip out and grade A fit out of the interior.

Jamie Phillips, portfolio manager of the CBRE UK Property PAIF, said: “Having completed a top quality refurbishment, we saw an opportunity to exit at a strong price, delivering a good return for our investors and without the need to endure future void costs or additional letting risk.”

 

BQ’s commercial property updates are supported by specialist lender Together, which provides funding to businesses and property investors nationwide. With over forty years’ experience in the financial services industry, Together offers short-term finance, auction finance, buy-to-let, residential and commercial mortgages and secured loans.

For more information visit www.togethermoney.com