Tue, 16 Aug 2016 | COMMERCIAL PROPERTY
One St Peter's Square, the landmark office building home to tenants including KPMG and Mazars in central Manchester, now has a new owner.
Deka Immobilien purchased the newly built property for £164 million from Argent and The Greater Manchester Property Venture Fund. Sitting opposite Manchester Central Library in the centre of Manchester's business district, the office development was finished just two years ago, in September 2014.
Tenants to the 13 floor-property include DLA Piper, Addleshaw Goddard, and restaurants Drake & Morgan and Fumo in the retail units on the ground floor.
Greater Manchester Pension Fund purchased the old Elizabeth House in 2003, before its joint venture with Argent in 2008, Councillor Kieran Quinn, chair of GMPF said. The sale “brings to a conclusion the involvement of the Greater Manchester Pension Fund in the redevelopment of the site”.
"This building which, when commenced, was the only new construction in the city centre, has acted as a catalyst for the development of St Petersfield with the new tram site and significant improvement to the public realm”, he added.
David Partridge, on behalf of Argent and Hermes/BTPS, also commented on the building and the boost One St Peter's Square has brought to the area: “The design and quality of this office building and the Manchester City Council supported public realm around it, along with the significant works to the Town Hall Extension and the Library, have been a vital ingredient in re-establishing St Peter’s Square as the pre-eminent civic space in Manchester, and that is why we have attracted such an impressive line-up of occupiers.
"The public facing ground floor along with the Fumo and Drake and Morgan restaurants have already made One St Peter’s Square a destination in its own right.”
Buy a commercial property
The company is a provider of scaffolding hire and erection services, catering to a diverse client base in South East England. The company covers a range of projects, including domestic and commercial properties, listed buildings and sites with restri...
This well-regarded and relocatable health food business has now come to the open market. Since its establishment in 2021, the business has acquired a great reputation amongst its customers, known for its quality service and friendly staff. Both its l...
RELOCATABLE
An opportunity to acquire the business and/or assets of a prolific IT Training provider based in the South East.
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.