BETFRED co-founder Fred Done has sold Two St Peter's Square to Deutsche Asset & Wealth Management.
Done's grand plans for a new 380 apartment and townhouse scheme on Salford's Blackfriars Road were given the go-ahead in March
Done's Mosley Street Ventures (MSV) firm have reportedly parted with the under construction twelve-storey, 166,000 sq ft structure for a sum in the region of £100m.
Deutsche AWM - the asset and wealth division of German global banking giant Deutsche Bank - acquired the Ian Simpson designed building after Big Four accountancy firm EY announced they had agreed a fifteen year lease for 40,000 sq ft of the building.
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Done said: "MSV are delighted to have agreed a sale of the building. We will now focus on working with the buyers in completing the construction and letting of the building by January 2017 when practical completion is anticipated."
James Petit, Head of Real Estate for the UK and Ireland at Deutsche Asset & Wealth Management, added: "We are pleased to add this landmark development in prime central Manchester to our portfolio. The regional city continues to grow in stature within the UK and across Europe with strong occupational demand."
The Done family own two other properties in Manchester, the 140,000 sq ft Peninsula office building in Manchester’s Green Quarter and Steam Packet House on Cross Street.
Meanwhile, Done's grand plans for a new 380 apartment and townhouse scheme on Salford's Blackfriars Road were given the go-ahead in March.
