CERT completes the sale of The Courtyard, Royal Mills to Manchester City Council
The property comprises of 12,700 sq ft of office and studio space housed within the Royal Mills complex of buildings in Ancoats and is fully let to 10 different tenants. Under the deal, the Council has acquired the 150 year lease from CERT to add to its existing holdings within Royal Mills.
Tenants in The Courtyard include Elevate Architects, Street League, the charity Reclaim and Strazala Architects. CERT property has taken a leaseback of 1,000 sq ft of space as part of the transaction and will continue to be based at the property.
Howard Lord, Managing Director of CERT, said: “We were privileged to be custodians of this piece of Manchester’s heritage and proud to support a range of businesses with attractive, affordable studio and office spaces. There is no better party to take over the stewardship of The Courtyard than Manchester City Council and I am certain the property will remain an attractive destination for growing businesses.”
Lawrence Vaughan, Senior Surveyor at LSH added: “We are delighted to have played a key role in advising CERT on the sale of The Courtyard at Royal Mills. Royal Mills is one of the most prominent destinations in this historic area of Manchester which has undergone a major transformation over the last few years and we are proud to have played our part in the sale.”
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