PAG snaps up Altrincham office block

PROPERTY Alliance Group has acquired an Altrincham office building from the Selbourne Group for more than £4m.

Roberts House at 80 Manchester Road is fully let, with tenants including The Inland Revenue, The Employment Service and Meridian Business Services.

Alex Russell of Manchester-based PAG said: “Roberts House came available at an opportune time for us and fits in with our business plan to expand the portfolio with well located buildings that have good asset management potential. We are well funded and actively pursuing growth opportunities in all sectors.”

Michael De Massey of Selbourne Group said: “The sale demonstrates the strength of south Manchester’s commercial office market, the area remains a popular business centre for national and regional organisations.”

Law firm Squires Patton Boggs advised Property Alliance Group while Selbourne was represented by Hill Dickinson.