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News Release

Manchester

JLL appointed to sell Pall Mall for £18.25 million


Manchester, 02 October, 2014 – The investment team at JLL has been appointed to market Manchester's Pall Mall Court, seeking offers in excess of £18,250,000, reflecting an initial yield of 7.5%, on behalf of Ignis.

The Grade II listed 11-storey building, refurbished in 2002, is situated on King Street in the city centre and features 85,460 sq ft of commercial office space across three blocks. jll-manchester-capital-markets-pall-mall.jpg

Current tenants include law firm Weightmans and commercial property consultant Rapleys. The building's four occupiers are on long term leases.

James Porteous, director – capital markets at JLL in Manchester, said: "Pall Mall Court's position on King Street and its flexible floor plates are likely to very attractive in the current market, with many UK and overseas investors turning their attention towards Manchester.

"Given the level of interest Chancery Place received before its sale in September, reflecting the high demand for good investment opportunities in Manchester, we expect that Pall Mall Court is likely to be well received."