AG has advised Manchester Science Partnerships (MSP) and its controlling shareholder Bruntwood, on the purchase of Synergy House, Manchester from Minton Commercial Properties.
The fully let, three storey office development is part of the Corridor Manchester Site and is currently occupied by leading technology companies Equinix (formerly Telecity), ANS Group and CACI.
The purchase of Synergy House, is a strategic investment for MSP as the UK's largest science and technology park operator with five sites across the North West including the Corridor Manchester Site. Through wider investment it is positioning Manchester as a centre of science and technology excellence and has plans for future redevelopment of the Corridor Manchester Site in addition to the plans it has for Alderley Park in Cheshire.
The AG Real Estate team was led by Brian Ghatan alongside, Graham Wallwork, Ben Damm, Lisa Donaghy and the firm's banking team Natalie Hewitt and Lizzie Wareing.
Brian Ghatan who led the deal at AG said: This purchase is great news for MSP and is an important step forward for the plans it has for the Corridor Manchester Site. We very much look forward to working with MSP in the future and helping it achieve its ambitions.
AG is also currently working with stakeholders in the city, including MSP, to welcome the EuroScience Open Forum (ESOF) to Manchester. It is being held from 23 to 27 July 2016 and is a biennial, pan-European, science conference dedicated to scientific research and innovation and is in recognition of Manchester's heritage as a science city.