Offers tabled for Bauhaus and 100 Barbirolli Sq

TWO multi-million pound Manchester office deals are on the cards involving 100 Barbirolli Square and Bauhaus on Quay Street.

TheBusinessDesk.com understands offers have been accepted for both buildings from international investors.

Scottish Widows is selling 100 Barbirolli Square, home to Addleshaw Goddard, Ernst & Young and DLA, seven years after acquiring the 140,000 sq ft building for £70m.

Two years ago it bought the neighbouring 84,000 sq ft 101 Barbirolli Square from Hermes in a £30m deal. It is home to law firm DLA, which has 32,000 sq ft, and accountancy firm PwC, which occupies 52,000 sq ft.

The 60,000 sq ft Bauhaus block was developed by Ask and Crosby Homes as the second phase of Rossetti Place in 2005-06. Barton Arcade-owner Morgan Leahy acquired the building for £16m in 2005 which is now home to law firm Irwin Mitchell. At some point it was bought by London-based asset manager BlackRock which is selling the building.

Jones Lang LaSalle is the agent on both buildings. It confirmed Bauhaus was under offer but would not give any further detail on the identity of the buyer. There was no information on 100 Barbirolli Square.

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