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.
This is a great opportunity to acquire a traditional Scottish pub located in the town centre. Occupying the ground floor of a traditional stone building, the wet-led pub features a characterful bar servery along with booth-style seating.
This is the proposed company share sale of an established and profitable business. Well-recognised as an online retailer of home improvement and decor products.
An established manufacturer specialising in precision glass products and insulating glass units is available for acquisition.
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.