Property investor buys Croxley House for £5.5m

BOULTBEE Brooks Real Estate (BBRE) has announced the acquisition of Croxley House, a period property in the heart of Manchester city centre, for £5.5m.

Croxley House on Lloyd Street, provides office accommodation from basement to fifth floor, offering a total 27,400sq ft of office space.  

The building just off Albert Square, close to Deansgate and Spinningfields. It is fully let to Media Force, Arcon Housing, Hidden Creative and PRP Architects.

Property investor and developer BBRE says the acquisition is further evidence of its strategy to invest in high-quality properties in sought-after, high-growth locations which offer attractive financial returns.  

Clive Boultbee-Brooks, managing director, BBRE said: “Croxley House is situated in a fantastic location, underpinned by the planned mixed use development at the rear of the property which will comprise of hotel, leisure, residential and office accommodation. We are excited by the strong demand and rental growth we are seeing in the area.”

Will Lewis, OBI Property and Aurum Real Estate acted on behalf of Boultbee Brooks Real Estate.

OBI Property was set up in 2010 and is a commercial real estate firm which provides innovative solutions to its landlord and occupier clients.