Investment Summary

Manchester Evening News Arena

  • The Manchester Evening News Arena Complex is a landmark development within Manchester City Centre.
  • The commercial element is provided by Arena Point, a multi-let office building, and Martin House comprising 3 floors of high specification offices occupied by JD Williams & Co.
  • Diverse income profiles through a host of high quality occupiers.
  • Rent Passing.
  • £4,036,951 per annum (gross).
  • £3,246,514 per annum (net of 10% ground rent and non-recoverable outgoings).
  • Offers sought in region of £47,000,000
  •  Initial Yield 7.47%
  • Purchased for GE Real Estate in October 2006

 

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