Archive for January, 2008
Conway Group Acquires 92-96 Deansgate, Manchester

As part of their continued acquisition programme, Conway Group have acquired a prime restaurant investment in Manchester.
The property at 92-96 Deansgate occupies a highly prominent location at the junction of Deansgate and St Mary Street in the heart of Manchester City Centre. Deansgate is considered Manchesters prime leisure location, with occupiers including; Café Rouge, The Living Room, Label, La Tasca, Weatherspoons and The Goucho Grill, in the immediate area.
In addition the property is located adjacent to House of Fraser (arguably Manchesters premier department store) and in close proximity to the prime retailing areas of King Street and St Annes Square.
Comprising over 6,800 sq ft of accommodation arranged over basement ground and four upper floors, the entire premises are let to Bella Italia Restaurant Ltd.
FIRST LETTING AT CENTREPOINT
Irish Nationwide Building Society is re-locating to offices in Centrepoint. The financial institution is taking one of the development’s ten floors as its new Northern Ireland base. The deal represents a new headline rent of £15 per sq ft for Belfast reinforcing the confidence in the Centrepoint scheme.
Gary McCollum, Manager, UK Operations at Irish Nationwide, said: “Centrepoint provides an excellent prime city centre location in the heart of Belfast’s business district so it was an ideal choice for us. The move will allow us to further concentrate on the Northern Ireland market and continue to grow our commercial banking business.”
Speaking on behalf of the Conway Group, Des Taggart said, “The commercial property market in Northern Ireland remains buoyant and Belfast City Centre has been undergoing a vigorous regeneration in recent times. With projects such as Victoria Square recently complete and an increase in city centre living, tourism and retail we are confident this development will be a huge success.�
William Stewart, Associate Director for joint agents, Whelan, agrees: “Centrepoint provides the right location and quality of office space required by corporate occupiers and we are in discussions with a range of blue chip companies from the financial, media and professional service sectors.�
The high quality design includes an imposing glass and natural stone frontage and also features a unique external glass elevator which offers panoramic views across the city centre.
ACQUISITION OF RETAIL INVESTMENT, EAST SHEEN, LONDON
Conway Group have recently acquired a prime retail investment in South-West London.
The property is located in East Sheen, an affluent suburb of the Borough of Richmond –upon-Thames.
Occupying a prominent position on the main shopping thoroughfare of Upper Richmond Road West, the current occupiers of the scheme are Superdrug, WH Smith, and Cargo, totalling nearly 14,000 sqft of retail and ancillaryaccomodation.