The Müller investment team sourced and advised on the purchase by Munich based German family office AM alpha, of this Central Manchester landmark building.
Situated in the CBD and prime retail location at the corner of Market Street and High Street overlooking Piccadilly Gardens the building is let to the noted retail group Debenhams Plc. The Rylands Building extending over 10 floors for a total of 470,000 sq. ft./ 43,665 sq. m. , dates from the 1930’s. The property is Grade II listed and was designed by the renowned Manchester architect Harry S. Fairhurst after the Art Deco style.
“It is encouraging that foreign investors, in this case German, can identify with this great northern town. We have seen foreign interest maintained through all the recent Brexit brouhaha in London, so it is particularly impressive that Manchester is also able to come to the party” said Theo Utton-Gaunt director in Müller’s acquisition team.
The Manchester conurbation has an estimated population of some 2.8m people, being the second most densely populated area of Great Britain. The primary catchment area is about 1.65m people of which some 785,000 are considered the “shopping population” of the town.
Enquiries to: Theo Utton-Gaunt
Tel: +44 (0) 207 448 1160