KING STREET, MANCHESTER

ABOUT

Freehold block located within prime Manchester retail core.
The asset offers approximately 10,000 sq ft of ground floor retail space and is currently occupied fully.
There are currently nine tenants in the ground floor units.
First to third storeys are used for residential purposes, all of which have been sold on long leaseholds.

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Edge Real Estate Acquires Huron Portfolio

Edge Real Estate Property Investments has acquired a portfolio of mixed-use assets previously owned by the family of former Wigan FC chairman Dave Whelan for £50m.

Funded by ICG Longbow, Edge Real Estate – the investment division of Real Estate Group – has bought the Huron portfolio, which comprises nine DW Fitness Health & Leisure clubs around the UK; 8 King Street in Manchester; four retail assets in Wilmslow, Wigan, Lancaster and Northampton; and a single industrial investment in Wigan.

The group has also recently acquired Denton Holme Student Village in Carlisle, a 249-bed student accommodation scheme with an approved phase two for a further 250 beds.

“We are delighted to have expanded our investment business with several long-lease assets,” said Brendan Flood, chairman of Real Estate Group.

Source: Property Week

Edge