Polish for Manchester gem
Wittington Investments, the family office that owns Selfridges and Fortnum & Mason, has bought the 76,000 sq ft Daily Express building in Manchester for £10.5m. Wittington Investments is planning to restore the Grade II listed building on Great Ancoats Street to provide high-specification office space. Metis Real Estate advised Wittington Investments; CBRE and JLL represented A&A Investments.
CBRE launches small-cap team
CBRE has launched a small capital markets team focused on deals valued at £10m and below. PJ Thibault, executive director at CBRE and head of the portfolio and special situations team, will lead the division, which will include specialists in individual sectors and regions across the UK.
Formula 1 races into SW1
Motorsport company Formula 1 is moving its global headquarters to the Crown Estate and Oxford Properties’ £400m St James’s Market, SW1, scheme. The firm will take nearly 21,000 sq ft on the fourth and fifth floors in No 2 St James’s Market.
Aprirose to sell W2 casino
Aprirose has appointed Knight Frank and Savills to sell the Grosvenor Victoria Casino, W2. The 71,138 sq ft casino is being marketed at around £70m and is operator Rank Group’s flagship facility. The group holds the lease until 2026. Located on the Edgware Road, the casino, nicknamed “the Vic”, brings in 1,400 customers per day, and is home to the iconic Poker Room.
Firms link up to service PRS
James Andrew Residential and LiFE Residential have set up a management service looking to take advantage of the growth of the PRS. The PRS Partnership will focus on management, maintenance and lettings services.
