An iconic landmark in Manchester city centre has been sold by an investment giant.
The Corn Exchange, which is now a leisure destination and apart-hotel, has been disposed of by Aviva Investors after it was put on the market for around £43m in May last year. The identity of the buyer and the deal value have not yet been disclosed.
The deal was secured by JLL and KLM Real Estate who had been jointly marketing the property. The Corn Exchange was built in 1837 and stands in the Medieval Quarter of Manchester city centre.
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Its apart-hotel is run by Roomzzz while its tenants include Banyan, The Cosy Club, Pizza Express, Pho and Mowgli.
Will Andrews of KLM Real Estate said: "Aviva took the building from being a second-fiddle shopping centre to the Arndale on quite an intense journey to where it is today.
"They did an amazing job to take it from something that was not really working to an absolutely prime leisure location. They created a space that the people of Manchester want to be in."
Aviva's Norwich Property Trust fun originally bought the Corn Exchange from Blackstone Group and Milligan Retail Resorts in 2005 for £67m. At the time, it was a shopping centre and was known as The Triangle.
Aviva and JLL have been contacted for comment.
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