The fully-let city-centre asset sold for £2.12m
Developer was given permission for 800,000 sq ft last year
The auctioneer sold 260 lots with a success rate of 85%
OneCoWork will operate its first UK centre in Preston
Springfield Properties has agreed £18m of sales so far
COMMENT Savills’ Nick Green calls for innovation, investment and collective action
McLaren Living has submitted fresh plans to transform Broad Street Mall into flats
Plus – bad US bank loans, how to unpick planning and more in your morning round-up
Self-storage company says new openings will boost “under-supplied” market
COMMENT “Maybe the time has come for a more pragmatic approach – one built on trust and partnership”
Bad commercial property debt across the six big US banks stands at around $9.3bn