Maples Teesdale has advised PATRIZIA Immobilien AG’s UK Value 2 fund on £110m of sales in Manchester and Edinburgh
The Maples Teesdale team acted for PATRIZIA’s UK Value 2 fund on the corporate aspects of the off-market sale of the 191,000 sq ft “1 Tanfield” office complex in Edinburgh for £65.5m to Greenridge Investment Management (on behalf of a joint venture with an international investor). The sale was effected through the sale of the shares in a Luxembourg holding company.
In January 2019 Maples Teesdale advised on the sale of Peter House in Manchester for in excess of £44m. Facing St Peter's Square, the recently refurbished 95,000 sq ft, 10-storey office is fully let, with Regus's Spaces occupying 85,653 sq ft on a 15-year lease it signed at the start of 2018. Other tenants include Ask Ventures, Giorgio One, Papa John's and Terence Paul.