Be interesting to see if this is linked with jrb's post
National Asset Management Agency puts London Scottish House on the market
April 23, 2012
The sell-off of Irish-owned assets in Manchester has begun. The National Asset Management Agency, which controls property assets in the city which are backed by Irish bank loans is to dispose of London Scottish House, which is next to the Midland Hotel and one of Manchester’s most prominent development sites.
It is to be sold on behalf of NAMA by CBRE and WHR. Andrew Purdon, head of development consultancy for the north west at CBRE, said: “This opportunity will appeal to a range of purchasers given the potential for refurbishment of the existing structure, or a demolition and redevelopment.
Despite the difficult trading environment, we believe it is one of the best sites in Manchester and we anticipate strong interest as a result.” NAMA owns a dozen other commercial and residential property schemes around Greater Manchester. It is expected more sales will follow the disposal of London Scottish House.
http://menmedia.co.uk/manchestereve...market?s_cid=business bulletin-20120423 (1183)