FMX
Manchester Royal Exchange

Major Manchester Investment Acquisition and Subsequent Sale

Client: Starwood Capital
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, following implementation of the asset management plan.
Manchester Royal Exchange

The Brief

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.

Key Stats

Purchase Price
£43m
Sale Price
£100m
Net Initial Yield
5.00%

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