Project summary
- Identify, appraise and negotiate terms for the acquisition of a freehold, mixed use commercial investment with reposition potential for a client seeking to expand their investment portoflio in Manchester City Centre.
Solution
- Following detailed interogation of the brief, working closely with our client Agha Group, Fisher German's investment team identified, appraised and made recommendations on a selection of suitable opportunities.
- Onward Buildings, providing c11,700 sq ft of office and leisure space across five floors, in proximity to the £400m St Michael’s redevelopment scheme and with strong reversionary potential was identified.
- Terms were negotiated and the transaction successfully managed, leading to the completion of the off market acquisition.
Benefits
- Utilising our extensive contacts and market knowledge we were able to identify and negotiate terms for the acquisition of a suitable opportunity.
- The off market nature of the acquisition provided greater scope for deal certainty.
- Agha Group were able to acquire a building that met their requirements in terms of providing significant reposition potential and benefiting from reversionary rental income.
