101 Embankment bought for £105m
The newly-built office block 101 Embankment in central Manchester has been bought by M&G Real Estate for £105m at a net yield of more than 5.3%.
The acquisition by the real estate investment company is a three-party joint venture on behalf of its Capital Solutions business headed by Martin Towns.
The purchase of 101 Embankment, at the heart of the Cathedral District, has been made on behalf of M&G Real Estate’s UK core commercial property strategy in partnership with an Asian investor and West Yorkshire Pension Fund, ... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...