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Sarah Townsend The Israeli investor has completed its acquisition of No.8 First Street in Manchester from the Greater Manchester Property Venture Fund and investment manager Patrizia. The pair sold the 170,000 sq ft city centre office scheme to Ashtrom Properties UK for £82m, according to a statement today. The block in Manchester’s First Street regeneration district was developed by Ask Real Estate on behalf of the GMPVF and Patrizia. It completed in 2019, two years behind schedule as the result of delays including the collapse of Lakesmere, a subcontractor involved in cladding the building. The six-storey property is occupied by office tenants including energy company Gazprom, multidisciplinary firm WSP, cinema operator Odeon, broker Willis Towers Watson and Swiss chemicals and biotechnology firm Lonza.

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