Newspaper article Manchester Evening News

Land Securities Aiming for a Full House at the Printworks ; New Owner Seeking to Broaden Venue's appealIt Attracted More Than 9m Visitors in 2011

Newspaper article Manchester Evening News

Land Securities Aiming for a Full House at the Printworks ; New Owner Seeking to Broaden Venue's appealIt Attracted More Than 9m Visitors in 2011

Article excerpt

THE new owner of The Printworks will seek to broaden the appeal of the Manchester city centre leisure venue as it looks to fill the remaining empty units.

Land Securities, the country's largest listed property business by market value, has acquired the 365,000 sq ft complex for Pounds 93.9m from Resolution Property, a London-based fund, as it continues its expansion in the sector.

The Printworks is currently 93 per cent let to a variety of operators.

It houses a 20-screen Odeon Cinema and 19 restaurants, bars and nightclubs including Tiger, Wagamama, Hard Rock Cafe and Nando's. It also houses a Virgin Active health club.

The complex, developed in 2000, attracted more than nine million visitors in 2011.

A Land Securities spokesman said: "When we buy an asset we look to make it better, either through development or expansion.

"In this case, it's more about how we will manage it and attract new operators to keep the offer fresh and improve the appeal of The Printworks. …

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