Building which housed Hillsborough Inquiry sold for £10.5m

Renaissance House

The building where the Hillsborough Inquiry took place has been sold for £10.5m.

Renaissance House in Warrington has been sold by Greenridge Investment Management on behalf of one of its regional funds, Greenridge UK Regional Property No1. The deal reflects a net initial yield of more than 5.69%.

The 40,679 sq ft headquarters style property is currently let to The Secretary of State for Business Innovation and Skills on a lease running to December, 2026. The building is also occupied by Independent Police Complaints Commission (“IPCC”).

Passing rent on the asset was set at £638,000 per annum, based on a value of £15.68 psf, with a 2017 rent review notice served prior to the sale.

The IPCC ran its high-profile Hillsborough Inquiry from Renaissance House.

Greenridge was advised on the disposal by GVA and outperformed its return target, having acquired the asset in April 2015. Cooke and Arkwright represented the buyer, whose identity was not disclosed.

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