Clarence House sold for £7m
MANCHESTER city centre office building Clarence House has been sold to CBRE Global Investors for nearly £7m by land an property company HIMOR.
The building, purchased by HIMOR in 2011 £2.8m, went for £6.94m representing a net initial yield of 5.62%.
HIMOR carried out comprehensive refurbishment of the imposing 19th century building which provides 17,515sp ft of office space.
Will Ainscough, managing director at HIMOR said: “Clarence House provides a first class standard of building amenity.
“Its enviable location and contemporary office space is a fantastic draw for occupiers, and the building itself has undergone a complete transformation.
“We wish the new owners all the best as custodians of this unique and endearing property.”
WHR and Lockett Loveday McMahon advised HIMOR. CBRE and DAC Beachcroft acted for CBRE Global Investors.
