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King Street, Manchester City Centre |
| | | | Sector: | Office/Commercial | | Deal Type: | Development Capital | | Deal Size: | £6 million | | Region: | Manchester | | Date: | April 2009 | | Status: | Current Investment | | Infinity Contact: | Tim McCormac |
In our first joint venture, Infinity’s property fund and Vision Developments purchased 53 King Street in central Manchester. The £6 million purchase sees both organisations securing an equal share in the property, which currently houses Lloyds TSB. The building totals 43,000 sq ft, and includes a large banking hall on the ground floor. Lloyds TSB currently has two years remaining on the lease, providing Infinity and Vision Developments with an attractive income in a prime central Manchester location. The property partnership has already begun to evaluate how to maximise the building’s potential both in terms of aesthetics and uses. However, future plans for the building have not yet been finalised and the partnership intends to work closely with its current tenant regarding future development. << Back to Investment Portfolio
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