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Birmingham Post
Birmingham Post
Business
Jon Robinson

Deal worth £105m agreed for landmark government building

GPA First Street ASK Pic

A deal worth £105m has been agreed to build a landmark building in Manchester which is expected to host 2,500 civil servants.

Ask Real Estate (Ask) and joint venture partner The Richardson Family have completed the transaction with Pension Insurance Corporation plc (PIC).

Work on the First Street site will start immediately and see a 130,000 sq ft office building constructed. The building is already fully pre-let to the Government Property Agency (GPA) on a 25-year lease.

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