Construction News

07/05/2021

HBD Acquires City Court In Manchester

HBD, the property development arm of Henry Boot, has acquired City Court, a 26,945 sq ft industrial scheme in Manchester's Ancoats neighbourhood.

The developer acquired the Poland Street scheme from Urban Splash and Pears Group for £5.8million.

Comprising 13 units, City Court is occupied by a range of businesses, including Sky and Ticketmaster.

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The deal follows HBD's acquisition of Allied Business Centre in Lancashire, a 150, 000 sq ft industrial property purchased for £4.75m, and a prominent site in Birmingham's Jewellery Quarter, now tipped for a £100 million residential-led mixed use scheme.

Adam Brady, Executive Director at HBD, said: "City Court was an ideal fit for HBD as we continue to build our investment portfolio – it's in a great spot at the heart of the city’s popular Ancoats and New Cross Neighbourhoods and offers exciting redevelopment potential in the future."

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