Grosvenor acquires second Manchester asset

Grosvenor has completed the freehold acquisition of Canada House a 67,809-square-foot office building on Chepstow Street in the center of Manchester, U.K. The sales price was not disclosed.

Built in 1909 as a textile-packing warehouse, the eight-story building is multi-let to occupiers, including Puma, TBWA Worldwide and Historic England, and provides occupiers with excellent amenities in a central location.

After a comprehensive refurbishment by Kinrise in 2017, Canada House is set up to run with a minimal environmental impact. Fit-outs have been completed to a GOLD SKA rating, rainwater is harvested for use in the building, with landlord areas powered by green energy and landlord-controlled waste diverted from landfill.

Grosvenor will work to further improve amenities and the operational-environmental performance of the entire asset through collaboration with tenants and instituting green leases.

Keith Bailey, investment director, Grosvenor, said, “Ma