Manchester’s Printworks snapped up for £108m

Mon, 27 Feb 2017 | COMMERCIAL PROPERTY

The Printworks, Manchester city centre’s four floor, 350,000 sq ft leisure destination, has been acquired for £108 million.

Land Securities today announced the completed sale of the site, which was redeveloped and re-opened in 2009, to DTZ Investors.

The Printworks, which welcomes more than seven million visitors a year, houses a 20-screen Odeon cinema which includes the only Imax screen in Manchester, a host of food and drink venues including brands like Tiger Tiger, Hard Rock Cafe and Wagamama and a health club.

The scheme is close to the MEN Arena and enjoys footfall from people attending events there. It generates a net annual income of £6.75 million.

Polly Troughton of Land Securities said: “We have created value at the Printworks through asset management, resulting in the lowest level of vacancy rates for a number of years. This sale crystallises the increased value the team has delivered.”

Tony Brothwell at DTZ Investors said: “We have been looking to gain exposure to the vibrant central Manchester retail and leisure market and the Printworks represents a rare opportunity to acquire a major freehold investment located in the core of the city on an attractive yield basis.”

Find commercial property for sale.


Share this article



Latest Businesses for Sale

Accountancy & Financial Sectors Recruitment Agency
UK Wide

Offers permanent and temporary placements to candidates operating within the accountancy and financial sectors. Maintains long-term relationships with its clients, acting as a trusted advisor to provide impartial and effective support throughout the...

Asking Price: Offers Invited
Turnover: £1,300,000

LEASEHOLD


BEMS, ICT & Building Consultancy
South of England, UK Wide

Provides a comprehensive consultancy service within the building industry. Works with major BEMS systems manufacturers and suppliers and has extensive in-house knowledge. Offers invited.

Asking Price: Offers Invited
Turnover: £656,000

LEASEHOLD


Medical Imaging Software Solutions for Healthcare, Veterinary & Life Science Sectors
UK Wide

Strong second-tier management team in place, able to manage the day-today operations of the business. Serves 200 active clients in the healthcare, veterinary and life science sectors - with some long-standing client relationships in place since incep...

Asking Price: Offers Invited
Turnover: £640,000

LEASEHOLD



View more businesses for sale

News Search

Latest News

 
13
 
Dec
 

Gateley acquires T-three | BUSINESS SALE

Commercial law and professional services firm Gateley has ac...

 
12
 
Dec
 

Appello acquires Mevivo Careline | BUSINESS SALE

Living solutions provider Appello has acquired telecare and ...

 
11
 
Dec
 

PiggyBank owner enters administration | ADMINISTRATION

DJS Limited, the parent company of payday lender PiggyBank, ...

Free guide: 10 Biggest Buyer Mistakes

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

Email


Related News

 
01
 
Jun
 

Developers keen to acquire Royal Mail's Rathbone Place site | BUSINESS SALE

One of the West End’s largest commercial property deve...

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