Schroders seals £200m No.1 Spinningfields deal
Allied London’s recently completed development, No 1 Spinningfields, has been acquired by clients of Schroder Real Estate for over £200m, reflecting a net initial yield of 5%
No.1 Spinningfields is the final piece of the Spinningfields masterplan, developed by Allied London in partnership with Manchester City Council.
The building provides 310,000 sq ft of mixed use high quality accommodation with PwC the largest office occupier and a new roof top restaurant let to D&D.
The building was 87% pre-let prior to practical c... 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...
