A specialist investment fund of LaSalle Investment Management Kapitalanlagegesellschaft mbH has bought a 16,500 sq ft HSBC in Manchester city centre for £8m – a 5.75% yield.
The fund has bought 2-4 St Ann’s Square from DTZ Investment Management.
The block is let to HSBC for a further 14 years.
Jones Lang LaSalle advised LIM; BNP Paribas Real Estate acted for DTZ IM.
simon.binns@estatesgazette.com
