BBRE buys St James Court, Manchester
Boultbee Brooks Real Estate (BBRE), the UK-based real estate investor and developer, has purchased St James’s Court, 24-30 Brown Street, Manchester, M2 1DH from the HIMOR Group for £6.5 million. Our client OBI Property acted on behalf of HIMOR Group with CBRE.
St James’s Court is a 38,000 sq ft office building arranged over five floors providing typical floor plates of 8,000 sq ft and a car parking ratio of 1:1,570 sq ft. There is significant opportunity to undertake a comprehensive refurbishment of the property to create high quality office space and to utilise various terraced atrium areas to provide an attractive roof top garden.
The 38,000 sq ft five floor office building provides typical floor plates of 8,000 sq ft. The new owners plan to undertake a comprehensive refurbishment of the property to create high quality office space and a new roof top garden.
The acquisition of St James’s Court follows the purchase of Croxley House, announced last week, and is further evidence of BBRE’s strategy to invest in high-quality, sought-after properties in the UK’s leading cities such as Manchester.
Boultbee Brooks Development Director, Roger James said: “Boultbee Brooks have continued their expansion into strong regional markets with the acquisition of St James’s Court, Manchester for £6.5 million. The 38,000 sq ft proposed office redevelopment is perfectly positioned to take advantage of the strong occupational demand we continue to see in Manchester”.
Will Ainscough of the HIMOR Group added: “We wish Boultbee Brooks all the best in delivering this exciting opportunity. They performed professionally and efficiently during the transaction and the deal went through seamlessly. We will now look to reinvest the money into brownfield strategic planning opportunities throughout the UK.”
Aurum Real Estate acted on behalf of Boultbee Brooks Real Estate.