Land Securities has instructed JLL to sell the Printworks in Manchester for £98m – a net initial yield of around 6.45%.
The 350,000 sq ft leisure complex comprises a 20-screen Odeon cinema, a Virgin Active gym and restaurants and clubs including Busaba Eathai, Nandos and Tiger Tiger.
Land Securities bought the historic complex from Resolution Property in 2012 for £93m – a net initial yield of 6.25%.
It was once a prolific newspaper printing house but ceased production in 1985.
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