Ashtrom Properties UK acquired No. 8 First Street, a prime office development in Manchester – one of the largest single-asset transactions in Manchester for several years.
No.8 stands in the centre of Manchester’s £500m First Street development and delivers 170,000 sq. ft. of Grade A, BREEAM Excellent office accommodation over six floors.
The scheme was completed in 2019 and current tenants include multidisciplinary consultancy WSP, energy company Gazprom, cinema brand Odeon, advisory, broking and solutions company Willis Towers Watson, and biotechnology firm Lonza.
Guy Lewinsohn, Ashtrom Properties UK CEO commented “This property is a great addition to our existing portfolio and demonstrates our commitment to expanding in the UK market. We look forward to many more transactions with HW Fisher in the future.”
Commenting on the deal close, Helen James, corporate finance partner said:
“This was one of the largest single-asset transactions in Manchester for several years and represents a significant increase in the Ashtrom group’s UK property portfolio. No.8 stands at the centre of Manchester’s £500m First Street development and we’re proud to have supported in such a significant deal, not only for Ashtrom, but also for regional city investment.”