Updated 6:34pm 3 April 2012

Manchester HMV building changes hands for £14m

ACTING on behalf of the Co-operative Insurance Society, DTZ has sold the building let to HMV on Market Street, in Manchester, to a private investor for £14,875,000.

The deal reflects a net initial yield of 7.31%.

The property, 90-100 Market Street, comprises 32,721 sq ft.

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