Location Northwest | Saudi investor buys Manchester Council office for £ 14m

The building is leased to Manchester City Council until 2031. Credit: via Savills

Dan Whelan

Wellington Properties has sold Etrop Court in Wythenshawe to Almajdiah Company.

The International Investment Gate, acting on behalf of the Saudi Arabia-based investor, has acquired the 48,700-square-foot property for £ 14.1m.

The Rowlands Way building has been leased to Manchester City Council until 2031 and is home to wards including home care, child services, adoption agencies and neighborhood services.

“Etrop Court complements our strategy of expanding our global real estate portfolio supported by stabilized investments and achieving diversification,” said Majed AlMajed, CEO of Almajdiah Company.

Almajdiah Company was represented by Freddie Guest from Savills and Wellington Properties was represented by Matthew Stretton from Knight Frank.

Dr. Mohammed Alswaidan, CEO of International Investment Gate, said: “The building is an integral part of the council’s role in providing services to the region, and with a further 10 years left on the lease, the property offers an attractive revenue stream for the buyer.”

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