La Française Real Estate Managers (REM) has acquired a £47m (€53) office asset in the UK from AEW.
The European real estate asset manager said it acquired the 101 Barbirolli Square building in Manchester city centre on behalf of two collective real estate investment vehicles.
The recently refurbished 87,000sqft office building is fully let to multiple tenants.
Peter Balfour, the head of real estate UK for La Française Real Estate Managers, said: “101 Barbirolli Square is a complementary addition to the expanding La Francaise REM UK portfolio.
“The high-quality refurbishment, with a particular focus on ESG, coupled with the property’s central location provides an attractive workplace for occupiers.
“Manchester has been a target market for some time, being a vibrant European City that is home to many successful national and international companies underpinned by a dynamic workforce.”
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