AG's Real Estate team has advised Bruntwood on the sale of Overseas House in Manchester City Centre to Credit Suisse for a value of £12.25m.
Overseas House which is to be rebranded 'Cornerblock' is located on the corner of Deansgate and Quay Street and comprises 52,175 sq ft of available office space over six upper floors and three ground-level retail units totalling 9,237 sq ft, which are let to Tesco, Sainsburys and Starbucks.
As well as advising on the sale to Credit Sussie, AG are advising Bruntwood on their on-going role in managing the redevelopment of the building, which will become a hub for creative city centre working and will provide a contemporary workplace for occupiers.
The AG team was led by Brian Ghatan alongside Graham Wallwork, Michael Hunter, Adam Jason and Gerri Hurst.
Brian Ghatan, Managing Associate at Addleshaw Goddard who led this deal, said:
"This transaction further highlights Bruntwood's key role as a developer of prime sites in the Manchester property market and is good news for both Bruntwood and Credit Suisse as we see further signs of investment in the local area"