German real estate firm buys city centre offices

GERMAN real estate PATRIZIA UK has bought Linley House in central Manchester for £12m at a net yield of 7%.

The purchase of the 85,sq ft building on Dickinson Street, off St Peter’s Square follow’s PATRIZIA’s acquisition in May 2015 of the 20-acre mixed-use First Street site and represents part of the company’s “value added” strategy.

Nine-storey Linley House is just under 95% let and provides refurbished Grade A office space to occupiers such as Electricity North West, pro... 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...

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