An “unloved” office building in Manchester city centre has been acquired by Watch This Space in a £1 million off-market deal.
The property development and regeneration firm, which launched in March this year, is planning to transform the workspace at 62 Bridge Street which is currently 70% vacant.
Situated in the Spinningfields area of the city, the building was bought from Millbank Edge LLP and features 4,784 sq ft of office space as well as an additional plot of land to the rear.
Following the acquisition Michelle Rothwell, founder of Watch This Space, says: “We are delighted that we have identified and acquired a scheme which has the potential to become a dynamic working environment, given the right attention.
“This building has been unloved for some time and needs new life injecting into it. We want to turn workspace on its head and create new ways of working.”
Matthews & Goodman advised the vendor and Watch This Space represented itself in the deal.