Blue Coast Capital makes debut Manchester acquisition
20 October 2023
Hyphen, Manchester’s newly repositioned sustainable office asset, located on 75 Mosley Street within very close proximity of St. Peter’s Square, has been acquired by Blue Coast Capital.
Hyphen has been fully refurbished and extended with a strong ESG focus. The all-electric building is arranged over basement, ground and seven upper floors totalling 63,129 sq ft. It provides high quality sustainable workspaces, with a significant proportion of the building available on a ‘plug and play’ approach, whilst also offering access to communal roof space, a premium coffee shop and lifestyle gym, all within a great location of Manchester’s prime CBD, overlooking St Peter’s Square.
The acquisition comes in light of Manchester now being the largest tech hub in the UK outside of London and amongst the best UK cities at attracting and retaining graduates and young professionals. The building opens itself up to being a major hotspot for upcoming talent, specifically considering its appealing ESG credentials.
Scott Gemmell at OBI, commented: “We’re delighted to have advised Blue Coast Capital on the acquisition of this fantastic sustainable workspace building. The city centre office market has proven to be extremely resilient with excellent fundamentals. Hyphen offered the opportunity to acquire a fully repositioned, amenity rich office asset in a prime micro-location. We look forward to assisting in taking the building up to full occupancy, benefitting from the continued strength of Manchester’s occupational market.”
Testament to the high-quality repositioning project delivered by Boultbee Brooks, Hyphen is already in excess of 90% occupied.
OBI advised Blue Coast Capital on the transaction as part of its multi-disciplinary services.
Robert Cannock at Aurum RE advised the vendor, Boultbee Brooks.
