Member Article

Canning O’Neill sells South Manchester offices

Manchester commercial property consultants, Canning O’Neill has announced the sale of two buildings in Cheadle and Heaton Mersey in South Manchester.

Acting on behalf of a private investor, No. 3 The Courtyard has been sold to manufacturer Parkash Textiles.

Occupying a prominent position in Cheadle, The Courtyard development comprises six individual, self-contained office buildings totaling 14,760 sq ft. Parkash Textiles, which has relocated from Cheetham Hill to take 1,614 sq ft, will join existing occupiers Prima Hotels, Forever Creative, XYZ Property Management and Ask Legal.

In a separate deal Canning O’Neill has completed the sale of Building A14 at The Embankment, a 5,061 sq ft self-contained office building in Heaton Mersey, to IT infrastructure company, R-Com Consulting, which has relocated from Manchester Business Park.

Owned by Lam Properties, this unit forms part of The Embankment Business Park a development of new office and warehouse buildings, developed over six phases.

Conrad O’Neill of Canning O’Neill said: “These deals demonstrate the return of owner-occupier demand in the South Manchester market, which all but evaporated during the recession due to the difficulty in raising mortgage finance.

“The banks are lending to small businesses again and occupiers are clearly confident to make these long term investments.”

This was posted in Bdaily's Members' News section by Sophia Taha .