Kinrise adds to its Manchester portfolio with the acquisition of Sunlight House in a Joint Venture with Karrev

Hybrid workspace provider Kinrise and Real Estate Fund Karrev are delighted to announce the acquisition of Sunlight House on Quay Street, taking the company’s footprint in Manchester city centre to 260,000 sq ft.

CBRE acted upon behalf of the seller abrdn and Carrick Real Estate acted upon behalf of the purchaser. The 210,000 sq ft building joins Kinrise’s growing portfolio of historic buildings across Manchester, Leeds, Birmingham, Liverpool and London and is Karrev’s third investment in the UK.

The Grade II Listed building was the first speculative office development in Manchester and the city’s tallest building, when completed in 1932. The architect Joseph Sunlight was influenced by the American Classical and Art Deco movements and the building was the fulfilment of a life-long ambition for the architect.

The building will now undergo a significant refurbishment, focused on retaining Sunlight House’s original features and unique character whilst implementing state-of-the-art technology to ensure the building is set apart as one of Manchester’s leading, carbon-zero workspace solutions for the ever-increasing demand of environmentally minded businesses in Manchester.

Alongside their rigorous environmental objectives, Kinrise has plans to deliver an unrivalled range of spaces to welcome a mix of solo entrepreneurs taking desks for the day, startups needing pay-as-you-go studios, and global companies looking to establish their headquarters on full floor leases. The team will create a vast ground-floor open public space, designed for Kinrise’s cultural events and community partnerships across art, food, music, fitness and social action.

George Aberdeen, Kinrise Co-Founder, comments, “The acquisition of Sunlight House marks our further commitment to the Manchester market, one of the most dynamic in the UK. It is a great addition to our growing portfolio and we are looking forward to injecting a new lease of life into this important building.