Deva Centre, Salford Aquired By Highcross

July 13, 2011

The Deva Centre, an urban business village on the edge of Manchester’s Central Business District, has been acquired by property fund manager, Highcross, in a £10.4 million deal.

The property, which includes 83,500 sq ft of business space, is in a prominent location off Trinity Way (A6042) and just five-minutes walk from Manchester city centre.

The Deva Centre provides a wide range of highly individual, flexible office space, including refurbished Grade II listed brewery buildings and a modern development of seventeen self-contained office units. Current occupiers include Handelsbanken, WRG Creative Communication, Late Rooms, QBE and Royce Peeling Green Accountants.

The three former brewery buildings: The Tower, The Copper Room and The Malt House, have been completely refurbished to provide mainly open-plan office accommodation, ranging from 1,500 sq ft – 3,250 sq ft. The scheme also includes the Brewery Yard development of two-storey office units, arranged within seven blocks ranging from 1,450 sq ft – 3,500 sq ft and totalling 40,000 sq ft.

The scheme’s success reflects its convenient location, close to Manchester city centre, Salford and Victoria train stations, and just off the inner city relief road, providing easy access to the M602/M60. The Deva Centre also has a 24-hour manned security lodge, barrier entry system and more than 230 car parking spaces.

Richard Pellatt, Director of Highcross’ Northern office comments: “The Deva Centre is an attractive, flexible business village in a great location close to Manchester city centre. The scheme offers strong potential for us to add value via our intensive approach to asset management and we also plan to raise its profile and enhance pedestrian links to the CBD.”

The deal is the latest in a series of significant office purchases by Highcross’ Northern regional team in recent months, including a £9m portfolio of office buildings in Preston, Leeds, Sheffield and Hull and the acquisition of a Teesside business park in a £10 million deal.  

Highcross was advised by JLL and WHR Property acted for the vendor.

 -ends-

Latest News

NASH BOND PROMOTES TALENTED STAFF

October 17, 2021 - 11:40

Leading Central London retail and leisure property advisors Nash Bond have promoted Emma Strang, Lottie Newman and Matthew Peters to Director. In addition, they have promoted Alex Hughes to Associate [...]

+ Read More

CBRE IM BOOSTS F&B AND RETAIL OFFER AT HAMMERSMITH BROADWAY SHOPPING CENTRE

October 7, 2021 - 12:01

CBRE IM, advised by GCW and Nash Bond, have boosted the retail and leisure offering at Hammersmith Broadway Shopping Centre in west London with two new lettings. Joe & The Juice will open in 1,154[...]

+ Read More

IV REAL ESTATE SHAKES UP BRISTOL’S CORN STREET WITH LONDON COCKTAIL CLUB DEAL

September 27, 2021 - 08:39

IV Real Estate has secured its first letting at Gilbert House, a recently redeveloped 12,475 sq ft retail and office building at 37-39 Corn Street, Bristol. The London Cocktail Club will open its seco[...]

+ Read More

CONTACT

CALL US

+44 (0)20 7647 4420

ADDRESS

Wren House, Garden Close Lane, Newbury RG14 6PR