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Fund sets Salford Quays record with £40m sale

The long leasehold of the Anchorage office scheme is being sold for £40m in Salford Quays’ largest-ever investment deal.

The 20,438m2 (220,000 sq ft) scheme is one of the biggest in the Quays site in Manchester and has an annual rent roll of more than £3m. London-based enterprise zone trust Laser Richmount is selling its 250-year leasehold to make the most of the strong market in the Quays area.

Insignia Richard Ellis is advising the trust.

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