OBI sells 19 Spring Gardens on behalf of MüAM (Müller International Asset Management)
22 July 2024
19 Spring Gardens, situated on the corner of Spring Gardens and Marble Street within Manchester’s Central Core has been disposed of by MüAM acting on behalf of an institutional investor in Frankfurt, Germany.
The office building, arranged over basement, ground and six upper floors totalling 36,586 sq ft provides partially refurbished workspace, which is well positioned for the new owner to implement their own asset management plan.
Scott Gemmell at OBI, commented: “We’re delighted to have advised Müller International on the disposal of this workspace building. The city centre office market has continued to attract new investment, led by its excellent fundamentals. 19 Spring Gardens provides a good repositioning opportunity, taking advantage of its strong location within Manchester’s prime CBD.”
OBI advised MüAM on the transaction as part of its multi-disciplinary services.
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