Record low for regional office yields
4 Hardman Square, the 54,300 sq. ft. office space located in the Spinningfields Business District in Manchester, has been purchased by the Investment group Orchard Street for £31m from the German real estate fund, GLL Real Estate Partners. Manchester has been touted as the place to invest in outside of London, with deals earlier in the year hitting record lows of 5.05%. However, with the acquisition of 4 Hardman Square representing a 4.9% yield, Manchester is the most attractive place to invest aside from the Capital.