Property specialists, Helmsley Group, is continuing its expansion into the North West with the purchase of a prominent mixed-use investment.
The purchase of 683–693 Wilmlsow Road, Didsbury, comes as the company looks to expand its presence in the region, following a successful 2019 which saw it invest more than £75m across the UK.
The Yorkshire-based company, which provides syndicated development and investment opportunities for high net-worth individuals, pension funds and businesses, purchased the Manchester building in a multi-million-pound deal.
The building fronting Wilmslow Road, the main thoroughfare through Didsbury, is currently occupied by high street coffee chain, Costa and an independent bookmakers, with self-contained offices above.
Ed Harrowsmith, director at York-based Helmsley Group, said: “We’ve enjoyed a strong 12 months which has enabled us to work on some fantastic projects across the north of England, as well as to pursue our goal to further expand operations outside of Yorkshire.
“We are always looking for new investment opportunities and are keen to continue our expansion further into the North West. Didsbury is one of Manchester’s most sought after suburbs and we expect this purchase to provide positive returns for our investors.
“We believe this acquisition will act as a catalyst for further development and investment by the Group within the Greater Manchester area, and indeed throughout the North West as a whole.”
With a portfolio of 65 assets currently under management totaling in excess of £165m, the acquisition in Didsbury complements Helmsley Group’s other North West assets in Cheshire, Haydock and Southport.