Owner makes £10m on Peter House in three years

PETER House, the landmark building on the corner of Manchester's Oxford and Mosley Streets, has been sold for £24.75m.

The sale means a tidy return of £10m for Mayer Real Estate, which acquired the 94,650 sq ft asset in 2011 for £14.7m.

The new owner of the building, which is let to services office provider Regus, is Rockspring Property Investment Managers.

Having advised Mayer on its putchase, Manchester-based WHR Property Consultants also acted on the sale.

Regus occupies the 10 upper floor... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...