Laser Richmount Trust is putting up for sale the long leasehold interest of the Anchorage office scheme for £40m. If Laser achieves this asking price it will have pulled off the largest investment deal ever seen at Salford Quays.
The 20,438 sq m (220,000 sq ft) scheme is one of the biggest in the Quays district and generates over £3m pa.
Michael Jones, director, at Insignia Richard Ellis, which is advising the trust, said: “This sale will reflect the maturity of the Quays area as a location. The deal is secured on AMEC and BUPA as the two existing tenants. Short and long-term rental growth prospects are very good.”
AMEC developed the scheme and leases 14,678 sq m (158,000 sq ft), while BUPA leases 5,760 sq m (62,000 sq ft).
EGi News 27/07/00
