Image credit: Arkwright House

Hillcrest Private Equity Real Estate has expanded its portfolio with the acquisition of the 95,000 sq ft Arkwright House in Manchester from a Luxembourg-based fund. The deal, involving the grade two-listed neo-classical building, marks Hillcrest’s first investment in the North West.

Arkwright House, located on Parsonage Gardens, was previously acquired by Catalyst Capital in 2014 for £11 million. The building, designed by local architect Harry Fairhurst and completed in 1937, originally served as the headquarters for the English Sewing Cotton Company. Today, it houses flexible workspace provider Orega and various other tenants.

The sale underscores Hillcrest’s commitment to UK property investment, as it plans to deploy £250 million into UK real estate over the next two years. This acquisition will undoubtedly be mentioned at networking events and upcoming property networking events in Manchester, showcasing Hillcrest’s strategic growth and investment capabilities.

Other properties in Hillcrest’s portfolio include the Premier House office building in Twickenham, a Morrisons supermarket in Leeds, and land around Deptford Bridge DLR station in South East London. This diverse portfolio positions Hillcrest as a prominent player in the UK real estate market.

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