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Council 'close to £75m deal' on warehouse

Discussion in 'On Track.' started by dace83, Jan 16, 2009.

  1. dace83

    dace83 Well-Known Member

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    MANCHESTER city council is understood to be close to a deal to buy the city's landmark Great Northern Warehouse.

    The grade II listed complex has been quietly on the market for some time, with owners Capital & Regional having talks with various bidders last year, but the council has now emerged as a strong frontrunner.

    Town hall bosses are looking to take advantage of falling property values, with a bid of around £75m thought to be on the table. Last summer, the complex was valued at £89m.
    http://www.manchestereveningnews.co.uk/ ... o_75m_deal

    sourced from http://www.forgottenrelics.co.uk/news/index.html
     
    dace83, Jan 16, 2009
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