8th May 2018 13:56
LONDON (Alliance News) - Town Centre Securities PLC, a property investment company, has paid Urban Splash GBP9.0 million to acquire a fifth property in the Piccadilly Basin, Manchester.
Town Centre Securities' latest acquisition is Ducie House, a 33,000 square foot office building. It follows earlier acquisitions in the area including Burlington House and Urban Exchange.
"[Ducie House] forms a key part of our investment and regeneration of Piccadilly Basin and the surrounding area", said Chairman and Chief Executive Edward Ziff.
He added that Ducie House is "directly opposite our next planned residential development, Eider House."
Shares in Town Centre Securities rose 1.4% on Tuesday to 290.00 pence.
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