No.1 Spinningfields: Schroders Brings International Investment to Manchester
Allied London’s recently completed development, No 1 Spinningfields, has been acquired by clients of Schroder Real Estate for over £200 million, reflecting a net initial yield of 5%No.1 Spinningfields is the final piece of the Spinningfields masterplan, developed by Allied London in partnership with Manchester City Council. The building provides 310,000 sq ft of mixed use high quality accommodation with PWC the largest office occupier and a new roof top restaurant let to D&D. The building was 87% pre-let prior to practical completion and is also the tallest commercial building to be constructed in Manchester in half a century.The Spinningfields [...]








