Manchester's CIS Tower up for sale 'for £50m'

Tue, 24 Jan 2017 | COMMERCIAL PROPERTY

The iconic CIS Tower in Manchester, the former home of the Co-operative group and once the tallest building in the country, is up for sale with a reported asking price of £50 million.

The Manchester Evening News reports that the solar-clad building has “secretly been on the market for months” with a select handful of suitors invited to express interest.

Completed in 1962 at 387ft (118m) and 28 storeys, it was the largest building in the UK at one time, before being overtaken by Millbank Tower in London.

While no buyer has yet been chosen it is understood that several bids have been made for the Grade-II listed building, with property firms JLL and Colliers International handling the sale.

A spokesperson for NOMA said: “As part of the on-going strategy to regenerate a key area of Manchester city centre, the joint venture between the Co-op and Hermes Investment Management, responsible for the NOMA redevelopment, is looking to sell the CIS Tower.

“This decision will not affect the rights of the Co-op and The Co-operative Bank as the tenants in the building as it will simply result in a change of landlord.

“The Tower will remain a crucial part of the wider NOMA estate, while the team focuses on the wider development of the area.”

Find commercial property for sale.


Share this article



Latest Businesses for Sale

Access Control Systems & CCTV Consultancy
Hertfordshire, South East, UK

Offers an extensive range of specialist property development solutions. Provides a multitude of security systems, including installation and maintenance. Works with circa 140 active clients, 85% of whom provide repeat business. Offered for sale to fa...

Asking Price: Offers Invited
Turnover: £530,000

FREEHOLD


Group of Woodwork Companies
South of England, UK Wide

Company 1: High-end designers and makers of furniture and kitchens to both private individuals, and commercial clients. Fully bespoke and high value work. Company 2: A highly recognised brand, sheet materials cut to size, edge-banded and spray finish...

Asking Price: Offers Invited
Turnover: £2,970,000

LEASEHOLD


Dog Care Products Retailer
South East, UK

Supplies a range of products, including crates, beds, leads and toys to private and trade customers across the UK and internationally. The company owns the full product ranges and IP for brands of dog identification tags which can be engraved in-hous...

Asking Price: Offers Invited
Turnover: £841,000

LEASEHOLD



View more businesses for sale

News Search

Latest News

 
31
 
Mar
 

Coronavirus Business Interruption Loan Scheme to cover business acquisitions | BUSINESS NEWS

The UK government has launched the Coronavirus Business Inte...

 
30
 
Mar
 

Tech group The Panoply acquires consultancy firm Ameo | BUSINESS SALE

Business consultancy firm Ameo has been acquired by AIM-list...

 
27
 
Mar
 

Addison Lee acquired by consortium of investors | BUSINESS SALE

Addison Lee Group, London’s biggest private care hire ...

Free guide: 10 Biggest Buyer Mistakes

Sign up to receive our acquisition alert emails to get your FREE guide

Email


Related News

 
31
 
Mar
 

Coronavirus Business Interruption Loan Scheme to cover business acquisitions | BUSINESS NEWS

The UK government has launched the Coronavirus Business Inte...

 
30
 
Mar
 

Tech group The Panoply acquires consultancy firm Ameo | BUSINESS SALE

Business consultancy firm Ameo has been acquired by AIM-list...

 
27
 
Mar
 

Addison Lee acquired by consortium of investors | BUSINESS SALE

Addison Lee Group, London’s biggest private care hire ...

Want access to the latest businesses for sale?

Business Sale Report is your complete solution to finding great acquisition opportunities.

Join today to receive:

  • Comprehensive range of businesses for sale
  • Make direct contact with business sellers or their intermediaries
  • Access to all UK administrations, liquidations and winding-up petitions
  • Daily email alerts for the latest businesses for sale & distressed notifications
  • Business Sale Report publication posted to you every month
  • Advertise your acquisition requirements on our "business wanted" section

All this and much more, including the latest M&A news and exclusive resources