The Very Group head office near Liverpool was sold for around Â£ 40million.
Fiera Real Estate has announced the sale of its 11.5-acre Skyways House site to Speke to Corum XL, a fund managed by Corum Asset Management.
The property was offered to the market for Â£ 38.88million, but the final sale price was not disclosed.
READ MORE: MediaCity, Bruntwood and Hotter Shoes: The Top 25 Northwest Commercial Real Estate Offers You Should Not Miss
The building consists of three units totaling 194,384 square feet and is leased to Shop Direct Home Shopping.
The building also houses the head office of The Very Group, which created the Very.co.uk and Littlewoods brands.
Rupert Sheldon, Head of Core REIM at Fiera Real Estate, said: âWe are delighted to have finalized the sale of this high performing asset which fits well with the investment parameters of KFH Fund 1.
Newsletters by email
BusinessLive is your home for business news from the North West and you can stay in touch with all the latest news from Greater Manchester, the Liverpool City area, Cheshire, Lancashire and Cumbria through our email alerts .
You can sign up to receive daily morning newsletters from every region we cover and weekly email newsletters covering key economic sectors, from manufacturing to technology and business. And we’ll send out last minute alerts for any stories we think you can’t miss.
Visit our messaging preference center to sign up for all the latest BusinessLive news.
For all the latest stories, views, polls and more – and news as it happens – follow our BusinessLive North West LinkedIn page here.
âWe are acquirers in all of our core mandates with capital available to deploy in properties that share similar characteristics. “
Robert Woods of CBRE added, âDelighted to have acquired and now sold this trophy building on behalf of Fiera RE. “
Craig Barton of Cushman & Wakefield said, âSkyways is a fantastic asset and we are delighted to help our client complete the acquisition. “
CBRE represented the seller and Cusham & Wakefield represented the buyer.
Most related links:
todayuknews Government news Financial news