Posted 20 November, 2012 OBI NEWS
Today OBI Property confirmed it represented Lombard Asset Management on the sale of Theatre Royal, Peter Street, Manchester to Edwardian London, the owners of the Radisson Blu Edwardian Free Trade Hall Hotel next door to the building, for an undisclosed sum.
Gary Scorah, Investment Partner at OBI Property said: “A number of parties have worked on the Theatre Royal for the past six years to deliver schemes which were never fully viable. Edwardian London offered themselves as realistic purchasers and will deliver an attractive scheme in an important area of Manchester City Centre.”
It is understood the Radisson Blu Edwardian Hotel will expand into the Theatre Royal space. The new owners will work closely with Manchester City Council and English Heritage to develop their plans for the site.
Christopher Dee acted on behalf of Edwardian London.