Archive: Feb 2017
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No.1 Lakeside sold for £6 million
OBI Property has completed the investment sale of the 33,000 sq ft No 1 Lakeside, Cheadle Royal Business Park in an off-market deal for £6 million.
OBI Property negotiated the sale on behalf of the building owner, Ian Pollitt, Cramer Properties – who OBI has represented for the past seven years – to a director of financial services group Together, in order to facilitate the future expansion and growth plans of the business.
No 1 Lakeside is fully let and tenants include MSL Legal Expenses and high end travel business Kuoni.
Ian Pollitt said: “I bought No 1 Lakeside as a vacant building around 10 years ago. I invested in the building and have enjoyed it being fully let for quite some time. I completed the improvements I intended to do when I acquired the building, and it was the right time to sell. I am already looking at a number of other investments to provide new value added opportunities.”
Will Lewis, transaction and asset management team, OBI Property said: “We have worked with Ian since he acquired the building and we are delighted with the end result. OBI designed, project managed and leased the space in No 1 Lakeside and it’s great to finish off the job for a client who has shown faith in OBI since we started out.”
The news was covered in the Manchester Evening News , Place North West and Property Week.
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Adam McLoughlin joins OBI Property
Adam McLoughlin has joined OBI Property building consultancy team taking the number of people employed at the Manchester based real estate firm to 22.
Adam joins OBI Property following three years with architecture firm AHR, working in its building consultancy team on projects including the refurbishment of Crewe station. In 2014 Adam completed his Master’s Degree in Technical Architecture while working with Watson Batty Architects.
Joe Weilding, OBI Property, building consultancy said: “It’s great to have Adam on board at OBI. His architectural skills and experience will be a great asset to our team. We’re working on high profile and complex projects including several Listed buildings and Adam has made a valuable contribution to the projects already.”
Adam will specialise in project management and contract administration across OBI Property’s building portfolio which includes the Bonded Warehouse at St Johns for Allied London and Canada House for LJ Partnership.
Adam said: “I am thrilled to join OBI Property and I am relishing the challenge of working on historical and beautiful buildings such as the Bonded Warehouse and Canada House, giving them a whole new lease of life for the future.”