29th Jun 2011
'There has been continued appetite for prime offices in Manchester throughout 2010 from both UK and overseas. This has been demonstrated by the acquisition of 3 Hardman Square, 40 Springardens and 2 Spinningfields Square, purchased at yields between 6.00-6.25%.
We expect this demand to continue during 2011, as investors are attracted to future rental growth potential created by lack of Grade A supply. We expect yields to remain between 6% and 6.25% over the next 12 months.'
King Sturge, UK Office Markets 2011