UK: Real estate investor and asset manager Oberland, in partnership with funding platform RealVantage, have acquired the boutique Heathcote Resort (previously the ABode Resort) in Manchester.
The Grade II-listed Heathcote Resort, initially in-built 1899, nonetheless retains its grand staircase, unique tilework, and a red-sandstone and brick Jacobean-Baroque façade. Oberland plans to revive the property.
The transaction was supported by Swiss Finance & Property Group, with Brodies (authorized) and BDO (tax) advising on the acquisition. C1 Capital Companions will lead the lodge’s operations.
“We’re thrilled to increase our partnership with RealVantage with this strategic acquisition,” stated Andrew Dean, co-founder of Oberland. “Collectively, we see spectacular potential within the Heathcote Resort and are excited and humbled by the accountability we now have to revive this stunning, heritage property in Manchester.”
William Riordan, co-founder of Oberland, added: “The property marks one other step in our speciality and give attention to heritage properties, with its hanging structure and spectacular options. We see important worth creation alternatives and look ahead to restoring the visitor and public expertise.”
Earlier this 12 months, Oberland, RealVantage and C1 Capital partnered on the acquisition of Arthouse Hotel in Glasgow.
Highlights:
- Oberland, in partnership with RealVantage, has acquired the Heathcote Resort in Manchester, previously often known as the ABode Resort.
- The Grade II-listed property, in-built 1899, options unique architectural particulars together with a grand staircase, tilework, and a Jacobean-Baroque façade.
- The acquisition was supported by Swiss Finance & Property Group, with Brodies offering authorized recommendation and BDO dealing with tax issues.
- C1 Capital Companions will handle lodge operations.
