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St Modwen sells Salford offices investment

St Modwen Properties PLC has sold the long leasehold investment of 318 sq m (3,420 sq ft) offices on Waters Edge Business Park, Salford Quays, Manchester, at a Jones Lang LaSalle auction for £300,000.

New Age Properties Ltd acquired the offices which are occupied by a regional company, Trackline Training, on a ten-year lease at an annual rent of £28,500.

Issued on behalf of St Modwen Properties PLC by Paul Raymer of Howle Chapman Raymer (0121-236-7771).