Ardstone Capital, on behalf of the Ardstone Regional Office Fund (‘AROF’) has acquired Pall Mall Court, Manchester, on the 23rd of January 2015 for £19.5 million. Pall Mall Court is a landmark office building, located in the traditional ‘prime’ office location of King Street.
Originally constructed in the 1960s and refurbished in 2002, the building obtained its Grade II listing status in December 2000. Situated between King Street and Marsden Street, the property provides numerous opportunities for active asset management and upgrade. http://ardstone.com/pall-mall-court-manchester-the-latest-acquisition-for-the-ardstone-regional-office-fund/Tenants include AWG Business Centres Ltd, Weightmans LLP, Rapleys LLP and Pall Mall Medical.
The acquisition makes the purchase the 10th Asset for AROF and the third in Manchester. GVA acted for Ardstone and JLL acted for the vendor, Standard Life.