London-based international family office firm LJ Group has acquired a portfolio of four properties on Manchester’s Albert Square for £16.3 mln (€22.6 mln).
London-based international family office firm LJ Group has acquired a portfolio of four properties on Manchester’s Albert Square for £16.3 mln (€22.6 mln).
The vendor was Manchester landlord, the Wrather Group.
The site, next to the council and town hall sites, will be refurbished into high quality office space with restaurants and shops on the ground floor and will incorporate co-working space for entrepreneurs.
The buildings, which together make up the whole of the northern and a large part of the southern side of the square, comprise a total of 6,500 m2.
Wrather Group was represented by Knight Frank’s Manchester office and Hill Dickinson solicitors. LJ Group were advised by JLL’s Manchester office and Charles Russell Speechlys solicitors.
LJ Group is a privately owned multi-family office which offers direct investment, investment advisory, trust and fiduciary, and family office services to individuals, charities, trusts and foundations. The group advises on or supervises real estate and other assets in excess of $8 bn (€7.1 bn) from offices in London, Geneva, Hong Kong, Miami, Lisbon, Luxembourg, Isle of Man, Neuchâtel and Singapore.
