Northern Quarter’s Dale House sold

Helical Bar has said that it is ‘definitely looking to buy more in Manchester’ following its acquisition of Dale House, a 42,000 sq ft office in Manchester, for £7.6m.

The deal represented a 6.4% yield. The seven-storey corner block in the Northern Quarter is multi-let to 12 tenants, at an average passing rent of £12/sq ft, and was sold by private individual Faris Mousa.

Dale House is Helical Bar’s second purchase in Manchester in the last year, after the acquisition of the 250,000 sq ft Churchgate & Lee House in 2014 for £34m.

Will Parry, asset management executive, confirmed that the company was ‘definitely looking to buy more in Manchester’ although he said there was no set figure that Helical was looking to spend in the city.

“We love the city, and we’re trying to be as active as possible,” he said. “We’re looking at city centre offices, and have also recently added to our industrial portfolio. The Northern Quarter is of interest, it has a Shoreditch feel with lots of interesting older buildings. However we review each asset on a case-by-case basis so are not targeting a particular type of building.”

The sale of Dale House is the latest Northern Quarter block to attract investment from major London property companies, after Urban Splash’s Smithfield building in Oldham Street was bought by Kames Capital last September.

The Dale House vendor was unrepresented. Adam Roberts of Zaman Roberts advised Helical Bar.

Roberts said: “We believe there is a real rental growth story in the Northern Quarter, as the expansion of the city centre is going that way. This purchase was secured in an off-market deal, which we are pleased with as we believe that if the asset had been brought to market it would have been keenly sought after.”

Lockdown Activities for Architects

Ever since prime minister Boris Johnson recommended that we stay indoors more than a month ago, architects around the country have been severely restricted in how they can work, socialise and pursue their interests.

But it has been heartening to see that organisations across the globe have stepped up to do their part, making a wealth of resources available, often for free, to encourage us all to stay indoors, but remain active and entertained.

From the comfort of your home, you can tune into anything from Andrew Lloyd Webber musicals to classic Formula 1 races, but for this blog I will specifically focus on what’s out there for anyone with an interest in architecture, whether you’re a professional, a student or merely a keen observer.

Explore famous architecture

Many properties designed and built by world-renowned architects have been made available for virtual visitors. Some of these are in remote locations, or are privately owned, meaning that even without the lockdown they would be a rare treat to explore.

Antoni Gaudí’s Casa Battló

Philip Johnson’s The Glass House″>

12 Frank Lloyd Wright buildings

12 Frank Lloyd Wright buildings are now hosting virtual tours

Tour famous galleries

One of the most rewarding aspects of visiting a new city can be browsing its galleries and museums. (Faris Mousa: Fascinating architecture and beautiful food in northern Spain) Travel may be off the table for now, but there are plenty of institutions which are available to view – in high resolution and often in 3D – virtually.

Guided tour of the Hermitage Museum in St Petersburg

Virtual tour of the Uffizi Gallery in Florence”>

See inside The Guggenheim in New York

Brush up on your skills

The extra spare time that the lockdown presents is a gift for anyone looking to add to their knowledge, learn something new, or even add a few lines to their CV. There is a wealth of architecture books, seminars and other resources that will both keep you busy and enhance your career.

Best architecture books

Best webinars

Free photography resources

Involve the kids

Many parents who are homeschooling at the moment have new-found respect for teachers and their ability to source constant entertainment for active and excitable children. The architecture world is playing its part to help. Foster and Partners, for example, has launched its #architecturefromhome series to inspire bright young minds.