On behalf of Starwood Capital and Trinity Asset Management, MMX Retail acquired The Royal Exchange, Manchester in 2014 for £43m and subsequently sold the asset for £100m.
The property is a prestigious building of architectural and historical significance built in 1849, occupying a strategic island site of almost two acres within Manchester’s central retail and office core.
The property comprises approximately 280,000 sq ft of retail and office accommodation, and underwent a significant asset management and refurbishment program to create a truly unique building in one of the UK’s top regional centres.
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