Hurstwood buys in Knutsford

Developer and investor Hurstwood Holdings has added to its commercial portfolio with the acquisition of a 4,000 sq ft office building in the Cheshire town.

Windsor House is a three-storey, self-contained building in the town centre, fully let to discounts aggregator Kids Pass.

The building was sold for an undisclosed sum with a net initial yield of 9%.

Williams Sillitoe acted for Hurstwood, with Canning O’Neill representing the vendor, a private investor. Gateleys worked on legals for Hurstwood, with funding coming from Rothschild.

Stephen Ashworth, chairman and chief executive of Hurstwood, said: “This is a very attractive building in an affluent suburb with an exceptional internal fit out, so we knew it would make a good long term investment for us.

“We are currently looking at a number of other investment opportunities nationwide but we are also keen to expand our presence in South Manchester.”