Place North West | McGoff sells Downtown Salford to Aviva
Daniel Whelan The investor has bought the freehold of the developer’s £85m residential scheme on Woden Street. The exact value of the deal between McGoff Group and Aviva was not disclosed but will see the latter collect annual ground rents to support its future investment and pension plans, while the developer will continue to manage the property and provide a letting service to tenants. Beyond Corporate Law advised McGoff on the legalities of the transaction with Aviva. McGoff Construction, part of the wider McGoff Group, completed the 374-apartment development in April. All the u...
Source: placenorthwest.co.uk