St. Ann's House is multi-tenanted with a total rent roll of £1.3 million ($2.1 million) per annum. It has five retail units, let to Boots; Russell & Bromley, Flannels; Office Holdings and Bally Shoes on leases of between 10 and 20 years. And the building's four floors of air-conditioned office space is let to law firm, Beachcroft Wansbrough.
Danny O'Neill, Investment Director at Standard Life Investments said: "This purchase has allowed us to invest in a prime mixed use building that is situated within the heart of Manchester's thriving retail and office core."
Whitaker Horton acted for Standard Life Investments and Hermes was represented by Cushman & Wakefield Healey & Baker.
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