Following the acquisition of Freetrade Exchange by CBRE Global Investors (CBREGi), in May this year the Asset Services and Office Agency teams at CBRE Manchester have been instructed to manage and market the property.
The acquisition of the Grade II Listed, seven storey office building on Peter Street represented the first investment into Manchester from CBREGi’s fund client who purchased the property from Property Alliance Group. Freetrade Exchange has undergone a comprehensive refurbishment programme to create Grade A offices with a new glazed entrance in the heart of the city centre, directly opposite the 5 Star Radisson Edwardian Hotel.
CBRE’s Office Agency team is marketing circa 6,308 sq ft of accommodation on the second and lower ground floors and the Asset Services team is managing the building and working closely with its occupiers to provide high levels of service, quality and innovation. Occupiers include Field Fisher Waterhouse, Oscar Associates, Zephus Ltd & Eque2 Ltd.
Sophie Weinmann, Associate Director of Asset Services at CBRE’s Manchester office, said;
“Freetrade Exchange has that sought-after combination of contemporary, Grade A offices behind an attractive, historic façade. Its location on the principle thoroughfare linking Spinningfields and St Peter’s Square further enhances its appeal. We are looking forward to working alongside the building’s high profile occupiers to ensure that the working experience is as smart as the building.”
Kirsty Littleford, Associate Director of Office Agency at CBRE Manchester, continued;
“The acquisition of Freetrade Exchange represented a sound investment for CBREGi as the refurbishment has created extremely high quality offices with opportunities to add value with the remaining space. Due to the building’s neighbouring leisure offering including the Radison, Crowne Plaza, The Great Northern Leisure Scheme and Purity, the accommodation on the lower ground floor would suit a restaurant or similar leisure use.”
CBRE is joint marketing agent on Freetrade Exchange with Edwards & Co.
