Legal & General Property’s Managed Fund has bought the 53,000 sq ft Wilmslow Park in central Manchester from HSBC Pension Fund for £17.3m, a yield of 6.75%.
The scheme comprises 40,000 sq ft of shops and leisure and 13,000 sq ft of offices let to the NHS. Savills acted for LGP; HSBC was advised by Whitaker Horton.
