Land Securities completes sale of Manchester Printworks for £108m
Land Securities on Monday said it had completed the sale of The Printworks, Manchester to DTZ Investors for £108m.
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The venue “dominates the established Manchester leisure circuit” and benefits from annual footfall of more than 7m people per year, linked to events at the nearby MEN Arena, Land Securities said.
The scheme generates a net annual income of £6.75m, with more than 99% of the income secured to national multiple covenants.
Jones Lang LaSalle acted on behalf of Land Securities, and Cortex Partners acted on behalf of DTZ Investors.